Paul Simon is the latest icon to sell his rich catalog of songs.
Sony Music Publishing announced Wednesday that it has acquired Simon's catalog, which includes six decades of music, from his time in Simon & Garfunkel to his solo career. Financial details of the deal were not announced.
Bob Dylan and Shakira recently sold their full catalogs, while Stevie Nicks sold a majority of her catalog and Neil Young sold 50% of his.
Simon has won 16 Grammy Awards. His well-known songs include "Bridge Over Troubled Water," "The Boxer," "The Sound of Silence," "Mrs. Robinson," "Homeward Bound," "I am a Rock" and "50 Ways to Leave Your Lover," among others.
"I'm pleased to have Sony Music Publishing be the custodian of my songs for the coming decades. I began my career at Columbia/Sony Records and it feels like a natural extension to be working with the Publishing side as well," 79-year-old Simon said in a statement.
Sony Music Publishing also represents catalogs by Motown, Michael Jackson, The Beatles, Carole King, Stevie Wonder, Queen, Ashford & Simpson, Leonard Cohen and more.
Google Opens Its Defense In Antitrust Case Alleging Monopoly Over Online Ad Technology
Google opened its defense against allegations that it holds an illegal monopoly on online advertising technology Friday with witness testimony saying the industry is vastly more complex and competitive than portrayed by the federal government.
"The industry has been exceptionally fluid over the last 18 years," said Scott Sheffer, a vice president for global partnerships at Google, the company's first witness at its antitrust trial in federal court in Alexandria.
The Justice Department and a coalition of states contend that Google built and maintained an illegal monopoly over the technology that facilitates the buying and selling of online ads seen by consumers.
Google counters that the government's case improperly focuses on a narrow type of online ads — essentially the rectangular ones that appear on the top and on the right-hand side of a webpage. In its opening statement, Google's lawyers said the Supreme Court has warned judges against taking action when dealing with rapidly emerging technology like what Sheffer described because of the risk of error or unintended consequences.
Google says defining the market so narrowly ignores the competition it faces from social media companies, Amazon, streaming TV providers and others who offer advertisers the means to reach online consumers.
Justice Department lawyers called witnesses to testify for two weeks before resting their case Friday afternoon, detailing the ways that automated ad exchanges conduct auctions in a matter of milliseconds to determine which ads are placed in front of which consumers and how much they cost.
The department contends the auctions are finessed in subtle ways that benefit Google to the exclusion of would-be competitors and in ways that prevent... Read More