Sony proceeds with plan to sell music publishing unit: WSJ

Reuters News
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Posted: Oct 07, 2015 5:42 PM

(Reuters) - Sony Corp is proceeding with a plan to sell its half of Sony/ATV Music Publishing, the Wall Street Journal reported, citing people familiar with the matter.

Sony, which owns the unit with Michael Jackson's estate, recently triggered a clause in its contract that allows one partner to buy out the other, the Wall Street Journal reported. (http://on.wsj.com/1MfjslA)

Sony/ATV Music declined to comment on the report.

(Reporting by Anya George Tharakan in Bengaluru)