Leading global law firm Baker McKenzie advised Sony Music Entertainment on the agreement for Simon Cowell to acquire Sony Music Entertainment’s stake in their global joint venture (JV) talent and production company, which owns TV super-formats Got Talent and The X Factor. As part of the agreement, Sony Music will retain the JV’s music assets, including its roster of current artists and back catalogue, and the television formats will be held by Syco Entertainment.
Commenting on the deal, Baker McKenzie's partner Will Holder said: "We were delighted to advise the hugely impressive Sony Music teams in London and New York on this transaction. The deal showcases and plays into our deep Technology, Media & Telecommunications industry knowledge. It also highlights our strong cross-border experience and how we are well placed to deliver transactions in the current climate."
The Baker McKenzie team was led by London Corporate partner Will Holder, assisted by other partners at the Firm, namely Emily Carlisle (Corporate), Michelle Blunt (IP/Tech), Carl Richards (Employment), Patrick O'Gara and Tom May (both Tax), together with associates Dewi Evans, Charlotte Nolan, Georgiana Andrews and Rachael Welham (all Corporate), Josh Boyden and Annabel Cox (both IP/Tech), Alecia Thompson and Aaron Grant (both Employment), Keunyoung Oh, Amir-Kia Waxman and Charlotte Soman (all Tax).
The mandate is the latest example of the work of Baker McKenzie's global TMT industry group, which uses industry insight and knowledge to best understand and anticipate clients' needs. Recent transactions include advising Peak on its USD 1.8 billion acquisition by Zynga, advising Equinix on its second USD 1 billion GIC joint venture and advising on the USD 3 billion sale of MagicLab to Blackstone.