Sony/ATV To Buy Famous Music Catalog From Viacom
Sony/ATV is set to announce the purchase of Viacom’s Famous Music publishing unit. Leaked details reveal the Famous catalog of roughly 12,500 works will sell for close to $370 million. The Famous Music collection includes tracks from Eminem and scores to many big films including The Godfather and Mission: Impossible. Viacom originally purchased the publishing unit from Paramount Pictures.
Changes Afoot At Rhino Records
Rhino Records is going through another “restructuring” having recently delivered pink slips to about twenty employees. With more firings ahead, the employees of the catalog and reissue label are bracing for impact, especially in the Digital division.
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