BRUSSELS — A Sony-led consortium won EU approval on Thursday to buy EMI’s music publishing business for $2.2 billion, on the condition that it sell the worldwide publishing rights of artists including Robbie Williams and Lenny Krativz.

Sony, with Blackstone Group, Abu Dhabi’s Mubadala Development Co. Raine Group and music and film mogul David Geffen, won the bidding for EMI Publishing last year in a deal that will put Sony top in global music publishing.

European competition regulators approved the deal after the consortium proposed selling the rights to four back-catalogues, including the musical works of 12 contemporary artists.

The catalogues to be sold are Virgin UK, Virgin Europe, Virgin U.S. and Famous Music UK and include artists such as Gary Barlow, Ozzy Osbourne, Ben Harper, Placebo and The Kooks, as well as Lenny Kravitz and Robbie Williams.

“Sony and Mubadala have offered to divest valuable and attractive catalogues containing bestselling titles as well as works of successful and promising authors,” said Joaquin Almunia, the European commissioner for competition issues.

“I am therefore satisfied that the competitive dynamics in the online music publishing business will be maintained so as to ensure consumer choice and cultural diversity.”

An initial investigation by the Commission had concluded that the deal was not conducive to fair competition, but Sony and its partners agreed to divest more assets, depending on how much is raised from the asset sales.

“The Commission therefore concluded that, subject to these divestments, the transaction would not significantly impede effective competition in the European economic area or any substantial part of it,” the Commission said.

The catalogues are likely to be auctioned off in the coming months, sources close to the negotiations said.

Before the deal, Sony was the fourth biggest player in music publishing, behind Universal Music Group, EMI and Warner Music.

The agreement will push it into first place, owning the rights to about three million songs such as “New York, New York” and Adele’s recent smash “Rolling in the Deep”.

Citigroup is selling EMI after taking over the group when its previous owner, private equity group Terra Firma, defaulted on borrowings from the investment bank.

Impala, a trade organization representing Europe’s independent music companies, had urged the EU regulator to veto the deal because it would give Sony excessive power and result in an overly concentrated market.

More SingStar confirmed.

So now I'll be pirating more music jointly distributed by Sony? Kewl.

but but but da Sony iz dyeing

Wow. Wasn't expect this. This is pretty huge news!
What could this mean for gaming? Maybe Sony could get something out there to compete with Just Dance franchise?

I know some people might be scratching their heads about this, but this is actually a good play. Even before this purchase, Sony Music was already high up there in rank. But now with them being the undisputed number 1, this is something they could use to potentially elevate their other divisions with integration.

Now if they bought someone like Veoh for example, they'd have decent ground covered on both the internet video and music front.

no chance of turn around, Sony be finished yo abandon ship lmao

Great Job Sony!!!!

2.2 Billion? Surprised.

As for Singstar. Theyre still yet to actually release it in Japan, arent they? Kareoke + Japan = Profit!

wasnt emi still on debt?
havent read news about them since some years ago. The potential is great for Sony to stay big anyway.