The leaked e-mails show Sony is looking for its music distribution business

Source: Internet
Author: User
Keywords Sony the leak is
Tags business distribution e-mails entertainment hacking mail media mobile business
Absrtact: According to The Verge, the message was also leaked from Sony's hacking attack, which showed Sony's intention to sell its ATV Music publishing division because of its slim growth prospects and the trend of streaming media. Sony Entertainment CEO Michae

According to The Verge, the news was also leaked from Sony's hacking attack, which showed Sony's intention to sell its ATV Music publishing division because of its slim growth prospects and the trend of streaming media. Sony Entertainment CEO Michael Lynton, Sony US District president Nicole Seligman and CFO Steve Kober are taking the lead. The level of encryption for this event is "top Secret", and only a few executives know each other about the details.

Sony Music has the world's largest repertoire, controls the copyright of 200多万首 Music, Beyoncé, Jay Z, Taylor Swift, Bob Dylan, and Beatles Most of the music is in its column. The Mail mentions that ATV's shareholding structure is very complex and that the industry is moving towards streaming media.

ATV is part of the legacy of Michael Jackson, the music king, who bought 47.5 million dollars in 1985 to sell Sony 50% atv,10 90 million dollars and then ATV. In 2012, Sony, in partnership with Hollywood music superstar David Geffen, and Abu Dhabi sovereign Investment company Mubadala Development, bought a company that was a Citi-owned, 2.2 billion-dollar, more complex equity structure.

The sale of the music business is designed to slow the pressure on the not-so-mobile business, which is expected to lose $2 billion trillion this fiscal year, nearly 5 times times its original estimate. Sony Ceokazuo Hirai said in September that the mobile business would cut jobs by 15%, while the handset business would be clustered back into high-end machines.


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