Japanese Sony Corporation agreed with Michael Jackson’s heirs to purchase their 50% stake in the world's largest music publisher Sony / ATV Music Publishing for $750 million, BBC reported. Therefore, Sony will be the sole owner of the publishing house. Originally the music catalog was bought by Michael Jackson in 1985. Ten years later, he reached an agreement with Sony to merge with publishing business of the corporation, as a result, Sony / ATV Music Publishing was established. The parties signed a definitive agreement for the transaction. The agreement is expected to be signed by 31st of March.

 

 

Photo: en.vnews.agency

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