Already having to pay out for last year’s huge PlayStation Network breach, Sony is in the spotlight again after the entirety of Michael Jackson’s back catalogue was stolen from the company by hackers. The cyber attack saw the illegal download of around 50,000 music files belonging to the singer, including some unreleased material. The files were estimated at around £160m making this the biggest attack on a music company ever.
The Daily Mail reports that Sony paid £250m for the the seven-year rights to the musician’s catalogue, including studio session material from the making of some of Jackson’s biggest albums. The contract also allowed Sony to release 10 new albums featuring the material.