The Michael Jackson Estate is reportedly selling half of its interests in the late legendary singer's music catalog for a sum ranging from $800 million to $900 million.
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| Credit: Michael Jackson/Instagram |
According to sources close to the deal, Sony Music and a potential financial partner are said to be finalizing the acquisition of 50% of the Estate's interests in Jackson's publishing, recorded-music revenues, the Tony Award-winning musical "MJ: The Musical," the upcoming biopic "Michael," and other assets.
Upon completion, this deal would be the biggest of its kind and encompass Jackson's recordings and publishing rights.
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It is worth mentioning that Michael Jackson, also known as the King of Pop, was a master of both stage and business, acquiring several lucrative music catalogs during his lifetime.
Upon completion, this deal would be the biggest of its kind and encompass Jackson's recordings and publishing rights.
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It is worth mentioning that Michael Jackson, also known as the King of Pop, was a master of both stage and business, acquiring several lucrative music catalogs during his lifetime.
 |
| Credit: Michael Jackson/Instagram |
The potential sale, as reported by TMZ, comes with the requirement of the Estate maintaining "complete management and control."
It is important to note that the sale is only 50% of the Estate's interest, which means that the full value of Jackson's music catalog could in theory be double the amount currently reported.
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Michael Jackson was one of the most popular and successful musicians of all time, selling over 350 million records worldwide, making him one of the best-selling music artists in history.
He is widely regarded as one of the greatest entertainers of all time and continues to be a major influence in popular culture, music, and dance.
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It is important to note that the sale is only 50% of the Estate's interest, which means that the full value of Jackson's music catalog could in theory be double the amount currently reported.
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Michael Jackson was one of the most popular and successful musicians of all time, selling over 350 million records worldwide, making him one of the best-selling music artists in history.
He is widely regarded as one of the greatest entertainers of all time and continues to be a major influence in popular culture, music, and dance.
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