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Sony to buy US music distribution service AWAL

The date of acquisition has yet to be decided, while the transaction is subject to regulatory approval. (Shutterstock)
The date of acquisition has yet to be decided, while the transaction is subject to regulatory approval. (Shutterstock)
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02 Feb 2021 04:02:43 GMT9
02 Feb 2021 04:02:43 GMT9

TOKYO: Sony Corp. said Tuesday its music arm will acquire AWAL, a US music distribution service for independent artists, for 430 million dollars.

Sony Music Entertainment (Japan) Inc. will buy AWAL and a music neighboring rights collection agency from Kobalt Music Group Ltd.

The date of acquisition has yet to be decided, while the transaction is subject to regulatory approval.

JIJI Press

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