Thursday 16 February 2012

SESAC for sale?

It seems US collection music society SESAC is for sale if. The owners of the smallest of the USA’s three publishing rights body hired bankers at Allen & Co and Goldman Sachs to actively pursue a sale. The asking price is reportedly $500 million, somewhat lower than prices previously suggested by the current owners. Unlike BMI and ASCAP, SESAC is a profit-making company. It represents a smaller roster of artists but this includes a number of important American songwriters, including Bob Dylan.

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