Sony looked into selling its music publishing business because of growth concerns and streaming

Sony has been considering selling Sony/ATV music publishing, according to leaked internal emails obtained by Bloomberg. According to the emails — which have come to light thanks to the massive Sony hack, now believed to have been perpetrated by North Korea — Sony had decided that growth prospects for Sony/ATV had diminished, and were discussing a potential sale of the division.

Sony’s music publishing arm is the largest music catalog in the world, controlling the rights to over 2 million songs, including tracks by Beyoncé, Jay Z, Taylor Swift, Bob Dylan, and the majority of The Beatles’ catalog. Sony Entertainment CEO Michael Lynton, Sony Corporation of America president Nicole Seligman, and SCA CFO Steve Kober were leading the sale,…

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