Sony considering sale of unit that owns Beatles songs: WSJ

Tue Dec 23, 2014 6:30pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

(Reuters) - Sony Corp is considering a sale of its Sony/ATV Music Publishing unit, which owns the rights to most of the Beatles' songs, the Wall Street Journal reported, citing the company's leaked internal emails.

The unit, which Sony owns jointly with deceased pop star Michael Jackson's estate, is estimated to be worth $1.5 billion-$2 billion, the Journal said.

Sony/ATV Music declined to comment on the report.

It is currently not clear if Sony will sell its stake in the unit or the entire business will be put on the block, the Journal said.

The leaked documents do not indicate an expected price and the timing of a potential sale, the newspaper said.

Sony is still reeling from the disclosures in documents released by computer hackers, which have exposed internal discussions key to the company's future to public scrutiny.

(Reporting by Anya George Tharakan in Bengaluru and Ritsuko Ando in Tokyo; Editing by Kirti Pandey)

 
A logo of Sony Corp is seen outside its showroom in Tokyo February 5, 2014. REUTERS/Yuya Shino