- Sony Music Entertainment Acquisition Of Som Livre Approved By Brazil Regulator
- Feb 23, 2022
On February 23, 2022, Brazil’s regulator, the Tribunal of the Conselho Administrativo de Defesa Econômica (CADE), confirmed the approval of Sony Music Entertainment’s acquisition of Brazilian independent music company, Som Livre.
Statement from Sony Music Entertainment on the decision:
“We welcome today’s conclusion of the approval process from CADE of Sony Music Entertainment’s acquisition of Som Livre. Som Livre’s roster of artists and songwriters as well as their employees can now benefit from Sony Music’s global network of resources and partnerships, offering greater worldwide reach for Brazil’s creative community.”
“A conclusão hoje do processo de aprovação da CADE para a aquisição da Som Livre pela Sony Music é bem-vinda. O cast de artistas e autores, além de professionais, da Som Livre agora vão se beneficiar da rede, recursos e parcerias globais da Sony Music, oferecendo um maior alcance mundial para a comunidade criativa Brasileira.”
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