The organization reported the stat at its annual meeting on Wednesday (June 11), where it revealed that publishing revenue rose 17% to $7.04 billion in 2024.
The deal includes hit songs like "La Diabla" and "Corazón de Piedra."
The Florida singer/rapper's hit will pay dividends to the publishers of Gotye's 2011 smash "Somebody That I Used to Know" and Bonfá's 1967 song "Seville," sources say.
Top executives at 10 of the biggest independent publishers in the business weigh in on the challenges and opportunities facing the sector right now.
The awards will take place in London on June 17 at a private ceremony.
News of Sony's acquisition comes three months after Hipgnosis rebranded itself as Recognition Music Group.
The report helps songwriters make sense of what trends are building in music publishing and how music fans across markets are consuming music differently.
The legendary Broadway composer, who is being feted at the Songwriters Hall of Fame gala two days prior, will be honored alongside Chandrika Tandon.
The company, which focuses on "smaller-sized deals," has acquired several catalogs that include rights to songs performed by Ed Sheeran, Kendrick Lamar and more.
The partnership includes future output and select tracks in the company’s repertoire, including Luis R Conriquez's "Si No Quieres No."
