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Sony buys EMI as part of transition strategy

May. 22, 2018 – 

Today, CEO Kenichiro Yoshida (pictured) is expected to announce Sony's transition from being a hardware company to becoming a company based on gaming subscriptions, software, entertainment, content and services.

Buying Mubadala's 60% share in EMI gives Sony a 90% share of EMI which will become a subsidiary of Sony. The sale is costing Sony $2.3 billion.

EMI was the Beatles' first contracted recording company though it has never been resolved whether the band was signed up before its first hit Love Me Do.

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