There’s a lot of buzz around classic movie scores right now – as rumors swirl that Warner Bros Discovery is close to agreeing a $500m-ish deal to sell around 50% of its treasured music catalog. Sony is reported to be the front-runner to buy. But that’s not the only major music deal being thrashed out in Tinseltown. Multimedia Music, the UK-headquartered company founded by industry veterans Phil Hope and James Gibb just announced its latest major acquisition.
Source: Steven Spielberg’s Amblin Partners sells 50% stake in music library to $200m-backed Multimedia Music