Sony Made $250 Million Bet on Michael Jackson Before Documentary - News Summed Up

Sony Made $250 Million Bet on Michael Jackson Before Documentary


From the invention of the phonograph in 1877 to the boom in streaming services today, the music industry has had to constantly adapt to emerging technology. In this video, we explore whether music can continue to reinvent itself to survive. Photo: Liliana Llamas/WSJSony Music Entertainment last year entered a deal worth $250 million for the rights to distribute Michael Jackson’s recordings over seven years, according to a person familiar with the matter. That investment looks riskier following a new documentary accusing the late pop star of sexually abusing young boys. “Leaving Neverland,” which aired in two parts Sunday and Monday evening on HBO, details the accounts of two men who say Mr. Jackson abused them as children years ago while urging them to keep their relationships secret...


Source: Wall Street Journal March 06, 2019 10:30 UTC



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