Michael Jackson’s recorded-music catalog is one of most financially lucrative in history! As per new reports, his estate is reported to be in the process of selling half of its interests in the legendary singer’s music catalog in a prospective deal nearing $800 million-$900 million.
Michael Jackson’s estate reportedly selling the iconic music catalog for a deal nearing $800M-$900M
While details are unclear, sources told Variety that Sony and a possible financial partner are negotiating to acquire 50% of the estate’s interests in Jackson’s publishing, recorded-music revenues, the MJ: The Musical Broadway show and the upcoming biopic Michael, and possibly more assets.
The report suggests that the package would be “the biggest deal to date in the still-booming music catalog market.” A financial source told the outlet that Primary Wave Music already owns a stake in Jackson’s publishing catalog.
Jacksin died in 2009 at the age of 50. The late pop icon’s longtime lawyer Branca and co-executor John McClain handled the interests of Jackson’s estate while Sony held the rights to his discography for the majority of his life and after his passing.
As the report further shares, in 2016 Sony reached a $750 million agreement with the estate to acquire the Jackson estate’s 50% stake in their joint venture, Sony/ATV Music Publishing, formed in 1995. Sony also acquired the Jackson estate’s 25.1% stake in EMI Music Publishing when it acquired the company in 2018.
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