Page 31 - atoday mrch 16
P. 31
PEOPLE & ARTS A31
Wednesday 16 March 2016
Sony buys Michael Jackson’s
stake in music catalog for $750M
LOS ANGELES (AP) — Mi- debts through a mixture of recordings or songs that he In this March 5, 2009 file photo, US singer Michael Jackson an-
chael Jackson’s estate has new music and movie ven- wrote, and the singer’s es- nounces that he is set to play ten live concerts at the London O2
agreed to sell its remaining tures and re-releases of the tate will continue to have a Arena in July, which he announced at a press conference at the
stake in a lucrative music singer’s most popular mu- stake in EMI Publishing, Inc. London O2 Arena.
catalog to Sony Corp. for sic. Jackson’s estate ben- “This transaction further al-
$750 million, the entities an- efits his mother and three lows us to continue our ef- Associated Press
nounced Monday. children, known as Prince, forts of maximizing the val-
The agreement for Jack- Paris and Blanket. ue of Michael’s Estate for at age 50, though by that The deal for Jackson’s half
son’s half-share of the “This agreement further the benefit of his children,” point Jackson was hun- of the Sony/ATV catalog is
Sony/ATV Music Publishing demonstrates Sony’s com- the co-executors of Jack- dreds of millions of dollars expected to close by the
catalog will give the com- mitment to the entertain- son’s estate, attorney John in debt. end of March.q
pany sole ownership of ment businesses and our Branca and music execu-
works by The Beatles, Bob firm belief that these busi- tive John McClain, wrote in
Dylan and other hit making nesses will continue to con- a statement. “It also further
musicians, including Emi- tribute to our success for validates Michael’s fore-
nem and Taylor Swift. years to come,” Sony Corp. sight and genius in invest-
The deal is another posthu- president and CEO Kazuo ing in music publishing.”
mous blockbuster deal for Hirai wrote in a statement. Jackson purchased the
Jackson, whose estate has The sale does not include ATV portion of the cata-
erased the singer’s massive rights to Jackson’s master log in 1985 for $41.5 million,
and he later merged it with
Fox News’ Megyn Sony. It remained his most
lucrative asset at the time
Kelly gets a of his death in June 2009
broadcast special
In this Jan. 28, 2016 file photo, moderator Megyn Kelly talks
during a Republican presidential primary debate in Des Moines,
Iowa.
Associated Press
NEW YORK (AP) — Fox television executive Bill
News Channel’s Megyn Geddie, formerly Barbara
Kelly is graduating to the Walters’ right-hand man at
Fox broadcast network — “The View,” to produce the
at least for one night. special.
Fox announced Tuesday It’s not hard to imagine
that Kelly will host a Kelly getting more such
prime-time special in opportunities if the May
May, featuring celebrity 23 special goes well. With
interviews from politics Walters’ retirement, no one
and entertainment. One has inherited her mantle as
of Fox News’ biggest stars a go-to person for celebrity
has increased her profile television interviews
in recent months with her For one night at least, the
no-holds-barred debate special will put Kelly in
moderating performances. direct competition with Fox
The network said it has hired News’ Bill O’Reilly.q
