Back in 2010, Dimensional Associates acquired independent distributor The Orchard.
In 2012 Sony bought a majority of The Orchard. An exact percentage wasn’t disclosed, but Sony was believed to have purchased about 51 percent. Dimensional Associates owned the rest of the company.
Now, Billboard reports that Sony is paying around $200 million to buy Dimensional Associates’ stake. The deal still needs government approval, but is expected to close after March of this year.
Billboard estimates that The Orchard makes $200 million a year.
Nina Ulloa covers breaking news, tech, and more. Follow her on Twitter: @nine_u
Image by Dave Rutt, licensed under Creative Commons Attribution 2.0 Generic (CC BY 2.0).