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In other words, the debt hasn't been explicitly wiped out - but Sony will ignore it and pay royalties to affected acts, backdated to 1 January 2021.
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“They’re trying to give you an easy one-stop shop or place to see and manage it all; they’re trying to give you all your data in one place,” said Neil Patel, co-founder of Neil Patel Digital.


Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row.

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The company's CEO said its team wants to be deliberate in how it builds its product to avoid some of the pitfalls other tech startups have faced.