Sony Seals $750M Deal With Jackson's Estate

Sony is acquiring full control over a music catalog of 4 million songs, including works by artists like Alicia Keys. Despite the decline in CD sales, Sony sees strong demand from streaming services like Spotify and Apple, which pay royalties for song rights. This has become a profitable business for Sony, with expectations of 60% growth from paid customers next year. Despite past pressures to move away from media, Sony views music as a crucial part of its future strategy.

What is the primary reason behind Sony's acquisition of the music catalog?

• To focus on CD sales

• To exit the music business

• To gain full control over 4 million songs

• To diversify into new media

Which artists' music is included in the catalog Sony is acquiring?

• Taylor Swift and Ed Sheeran

• Sting and Alicia Keys

• Drake and Rihanna

• Beyoncé and Jay-Z

How has the demand for music changed according to Sony?

• It has decreased due to declining CD sales

• It has remained stable over the years

• It has shifted towards live concerts

• It has increased due to streaming services

What percentage of Sony's customers are expected to be paid subscribers next year?

• 50%

• 60%

• 40%

• 70%

Why has Sony decided to continue investing in music?

• Music is seen as a crucial part of their future

• Music is a declining industry

• They want to focus on other media businesses

• They plan to sell the music catalog soon