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Sony to Buy Out Michael Jackson Estate's Stake in Sony/ATV...

2016-03-15 06:23:11| Electronics - Topix.net

"This acquisition will enable Sony to more quickly adapt to changes in the music publishing business," CEO Michael Lynton says Sony is set to buy out the Michael Jackson estate's half stake in the Sony/ATV song catalogue for $750 million, the company announced Monday. "When Sony first partnered with Michael Jackson 21 years ago to create Sony/ATV Music Publishing, we knew that this company had the ability to reach great heights," Michael Lynton , CEO of Sony Entertainment, said.

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