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SONY BUYS REMAINDER OF THE ORCHARD

Sony Music has formally announced its deal to acquire the remaining interest in distribbery The Orchard, subject to regulatory approval. The deal has been estimated at around $200 million. Sony has been the majority investor in the firm since 2012, when The Orchard was merged with Sony-owned IODA and became the digital distribution arm for RED and select ex-U.S. catalogue.

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