Sony inks deal with Prince estate to distribute massive music catalog [CNBC]
SONY CORP (SNE)
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Source: CNBC
Getty Images Musician Prince performs onstage at the 36th Annual NAACP Image Awards at the Dorothy Chandler Pavilion on March 19, 2005 in Los Angeles, California. The late musician Prince was notorious for having tight-knit control over his catalog of work. So when Sony Music Entertainment reached a deal with his estate, it was bound to grab headlines. The Japanese-owned global music conglomerate (NYSE: SNE) announced Wednesday that it inked an exclusive distribution agreement that covers 35 previously released album titles owned by the estate of Prince Rogers Nelson . Troy Carter, who advises the estate, issued a statement on the agreement: The Sony team's enthusiasm and deep knowledge of Prince's music make them the ideal partner to release these iconic bodies of work. We're looking forward to working with the heirs and Sony on giving fans what they've been waiting for – more great music from Prince. The Prince catalog will be di
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