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SpeakBase Times·Finance·
Sony Music Closes $4 Billion Deal for Bieber, Beyonce and Neil Young Catalogs
Sony Music Publishing has agreed to acquire Blackstone's Recognition Music Group catalog of more than 45,000 songs in a transaction valued between $3.5 and $4 billion. The portfolio bundles works by Justin Bieber, Beyonce, Fleetwood Mac, Neil Young, Leonard Cohen and Rihanna, and would be one of the largest publishing deals on record.
By SpeakBase Times Editorial Team
Level 1 — Absolute Beginner
Ready
Reading PassageTap highlighted words for definitions
Sony Music is a very big music company.
Sony Music is buying a huge group of songs. The group has more than 45,000 songs in it.
Many famous singers wrote these songs. The list has Justin Bieber, Beyonce, and Neil Young.
The deal is worth about four billion dollars. That is a lot of money. Sony will now own the songs.
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Key Vocabularymusic —Sounds made by singing or playing instruments.
company —A business that makes or sells things.
song —A short piece of music with words.
singer —A person who sings.
famous —Known by many people.
deal —An agreement to buy or sell something.
billion —A thousand million; 1,000,000,000.
own —To have something as your property.
Exercises
Multiple Choice
1Which company is buying the songs?
2How many songs are in the group?
3Which singer is on the list?
4How much is the deal worth?
5After the deal, who owns the songs?
True or False
6The group has more than 45,000 songs.
7Beyonce songs are in the group.
8Sony Music makes cars.
9The deal is only one dollar.
10Neil Young is one of the singers in the group.
Fill in the Blank
11The deal is worth about four ___ dollars.
12The buyer is Sony ___.
13There are more than 45,000 ___ in the group.