Music Company To Sell Songs For $100 Million?
Bosses at Cherry Lane Music Publishing are reportedly seeking a buyer for their entire catalogue of songs, after executives at Universal Music Group, Warner Music Group and Sony expressed interest in the sale.
According to the New York Post, the company is estimated to take between $100 million and $150 million for the turn of acquisitions.
Cherry Lane - founded in 1960 by music producer/arranger Milt Okun - also boasts joint venture deals with Black Eyed Peas frontman will.i.am and hip-hop entrepreneur Damon Dash.
(This news article provided by World Entertainment News Network)
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