Does Sony Own Blue Ray I heard it does how does ms expect to get it if Sony owns it?

No, they do not. Blu-Ray was developed by the Blu-Ray Consortium, which has 7 leading members, one of which is Sony. The rules, regulation, and fees associated with licencing Blu-Ray are set by the Consortium, not Sony, and therefore Sony would not be able to block MS or change the licencing fees just for MS.

If Sony owned Blu-Ray, how the hell would LG have been able to bring a lawsuit at them concerngin how Blu-Ray data is handled in the PS3, which resulted in a 10-day import ban on all PS3s in Europe?