The Sony/ATV Music Publishing deal acquiring Viacom’s Famous Music is now final. Executives with both publishing companies may now begin direct discussions to determine how Sony/ATV will integrate Famous’ catalog and employees into its operation.
Sony/ATV, a joint venture created by Sony Corp. and trusts formed by Michael Jackson and helmed by chairman/CEO Marty Bandier, acquired the publisher from Viacom in May for about $370 million.
Famous, founded in 1928, includes about 125,000 songs and sound cues including “Footloose,” “Moon River,” “Take My Breath Away,” “It Don’t Mean a Thing (If It Ain’t Got That Swing)” and “Silver Bells.”
Famous’ roster of songwriters include Shakira, Akon, Linda Perry (who has penned hits for Pink, Gwen Stefani, Christina Aguilera) and others.
Through its Extreme music production division, Famous is a major supplier of recordings and compositions for use in TV and radio ads, film and television productions, trailers and other uses.