Viacom announced recently it will sell its Famous Music publishing unit to Sony/ATV Music Publishing. Famous Music is home to over 125,000 songs and sound cues including the theme songs to Popeye the Sailor Man and Casper The Friendly Ghost. The deal is worth $400 million, including $370 million in cash and debt of $30 million.
Famous Music also owns music by Eminem and Shakira as well as movie soundtracks from “The Godfather” and “Mission Impossible.”
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