Sony Buys Jackson's Music Stake For $750m

Michael Jackson's estate is selling its remaining 50% stake in a music catalogue, which includes music by The Beatles and Bob Dylan, to Sony Corp for $750m (£526m).The agreement will give Sony/ATV Music Publishing sole ownership of the works, which also includes music by artists such as Eminem and Taylor Swift.
Jackson's estate has managed to erase the singer's massive debts through a series of blockbuster deals, new music and movie ventures.
The proceeds go to his mother and three children, known as Prince, Paris and Blanket.
"This agreement further demonstrates Sony's commitment to the entertainment businesses and our firm belief that these businesses will continue to contribute to our success for years to come," Sony Corp president and chief executive Kazuo Hirai wrote in a statement.