Sony, a company that, alongside Michael Jackson’s estate, recently managed to squeeze a few more pennies out of Pandora, is moving out. According to The Verge, Sony has sold its headquarters at 550 Madison Avenue in Manhattan for a cool $1.1 billion dollars.

Sony Music and the rest of the corporate divisions that make New York their home will still be based at the building for the next three years. After that they should be able to find a suitable sublet with little hassle.

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