Sony/ATV Music Publishing - Wikipedia, the free encyclopedia
The company was originally founded as
Associated Television (ATV) in 1955 by
Lew Grade. In 1985, ATV Music Publishing was sold to
Michael Jackson for $47.5 million.
Paul McCartney, who had told Jackson about the importance of owning publishing, admitted he felt somewhat undercut by the
acquisition because ATV Music Publishing owned the publishing rights to most of The Beatles' songs, although he did not enter
bidding when it came up for sale in 1984.
[2][3][4]
In December 1995, Michael Jackson agreed to merge ATV Music Publishing with Sony Music Publishing, a division of
Sony Corporation, to form Sony/ATV Music Publishing. In 2012 an investor consortium led by Sony/ATV Music Publishing acquired
EMI Music Publishing for approximately $2.2 billion.
[5] Sony/ATV Music Publishing and EMI Music Publishing now operate as one company, with the former entity administering the catalog of the latter under a complex business structure. Following the acquisition, Sony/ATV Music Publishing is now the largest music publishing company in the world with over 2 million songs under management.
It would seem the Jackson estate is very well off.
Jackson died in 2009 so it's unclear how many songs/artists were under his umbrella.
Still, it seems like he's made some savvy business choices over his life.