Sony pays US$750m for Michael Jackson estate's share of music catalogue
Sony/ATV joint-venture catalogue has more than 1m copyrights, including about 250 songs by The Beatles
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Los Angeles
SONY has agreed to pay the late entertainer Michael Jackson's estate US$750 million for its share of the Sony/ATV Music Publishing catalogue, the two parties announced on Monday, ending one of the most closely watched contests in the music industry.
Sony/ATV, a joint venture formed by Sony and Jackson in 1995, is one of the jewels of the music industry. The catalogue has more than one million copyrights, including about 250 songs by The Beatles. The catalogue is for music publishing rights, which cover the lyrics and music that are embodied in any recording.
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