Sony buys Michael Jackson’s music venture stake

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Sony said Tuesday it will pay Michael Jackson’s estate $750 million for the late pop star’s share of a music venture that owns the rights to songs by some of the biggest names in music history.

The deal will see the Japanese firm pick up Jackson’s 50 percent stake in Sony ATV Music Publishing, which has the rights to several million titles including those written by the Beatles, Marvin Gaye and Bob Dylan.

Sony will now own all of venture, whose catalogue also includes hits by pop star Taylor Swift, rapper Kanye West, Sam Smith and Lady Gaga.

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0 Comments

  1. Avatar Diana K June 7th, 2012 at 11:51 pm

    At last the parties involved are being given a fair trial

    Reply

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