- Sony Music Entertainment Completes Its Acquisition of Som Livre
- Mar 04, 2022
On Friday March 4, 2022, Sony Music Entertainment completed its transaction to acquire Brazilian independent music company Som Livre. The announcement comes following approval from Brazil’s regulator the Tribunal of the Conselho Administrativo de Defesa Econômica (CADE) on Wednesday February 23, 2022.
Sony Music Entertainment said:
“With the transaction now completed, we look forward to ensuring Som Livre’s continued success and increasing our support for Brazil’s thriving music community. Som Livre will further enhance Sony Music’s support for independent artists, songwriters and labels in Brazil and across the Latin music industry, in one of the most dynamic, competitive and fastest growing music markets in the world.”
Read the Portuguese translation below. Leia a mensagem em português abaixo.
Na sexta-feira 4 de março de 2022 a Sony Music Entertainment concluiu a transação para a aquisição da empresa independente de música Brasileira, Som Livre. O anúncio chega após a aprovação do órgão regulador brasileiro, o Tribunal do Conselho Administrativo de Defesa Econômica (CADE) na quarta-feira 23 de fevereiro de 2022.
A Sony Music Entertainment declarou:
“Com a conclusão da transação, estamos empolgados em assegurar e dar continuidade ao sucesso da Som Livre além de aumentar nosso apoio a vibrante comunidade artística brasileira. A Som Livre vai ajudar a incrementar ainda mais o apoio da Sony Music aos artistas, compositores e selos independentes do Brasil e a través da indústria de música Latina, no que é um dos mercados de música mais dinâmicos, competitivos e de maior crescimento no mundo.”
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