The Michael Jackson estate is selling half of its interests in the singer’s music catalog for up to $900 million, Variety reports. The platform says the reported sale will include MJ: The Musical Broadway show and the upcoming biopic, Michael.
Sources have told Variety that Sony and a possible financial partner are negotiating to acquire 50 percent of the Michael Jackson estate’s interest in Jackson’s publishing and recorded music revenues.
Sony is well known for being behind some of the biggest catalog deals in the music industry, purchasing both Bob Dylan and Bruce Springsteen’s catalogs for a combined total of about $800 million, according to iHeartMedia. If Jackson’s back catalog of music is sold at the above price, it will be the largest sale to date, leading Springsteen at $600 million.
Sony worked with Jackson for many years. The singer and the publishing company formed Sony/ATV Music Publishing in 1995 after Jackson sold a 50 percent share of ATV to Sony for around $100 million.
Jackson has captivated audiences in a career that spans over four decades and remains a towering influence on artistes today. His 1979 record, produced by Quincy Jones, was a polished affair that made the most out of Jackson’s impressive vocal talents and natural ability. The album sold 20 million worldwide to date.
The next album released in 1982, “Thriller,” hardly needs an introduction. Jones returned to the producer’s role and the magic was evident. Selling 65 million copies worldwide, it became the highest-selling album in history. It was such a gigantic success that Jackson didn’t release music until five years later with the high-charting “Bad” album in 1987.
Anthony Madu, the 14-year-old Nigerian dancer from Lagos who gained admission to a prestigious ballet…
Actor-host Wayne Brady recently opened up about his early financial struggles in his now thriving…
Mia Arianna, also known as @mia.ariannaa on TikTok, helped her son become an honorary team…
Alvin Gauthier, a Grand Prairie USPS postman, recently went above and beyond to brighten a…
Maj. Gen. Fatuma Gaiti Ahmed is the first female commander of the air force and…
Benjamin E. Mays High School brought together its 272 senior class members for a meeting…
Afrika Owes' emotional response to learning that she had passed the bar exam on her…
A 49-year-old New York attorney was on April 26 sentenced to 10 years in federal…
During an appearance on The Jennifer Hudson Show on Wednesday, pop legend Cher opened up…
Authorities in Florida said an 11-year-old boy was accidentally shot and killed by his 14-year-old…
The famous Taylor Schlitz family is making headlines once more as the youngest of the…
Sony Pictures Entertainment has appointed Tahra Grant as its Chief Communications Officer. She replaces Robert…
Meet Ashley M. Fox, the founder of Empify and the first in her family to…
Tyra Banks, the iconic former host of Dancing With the Stars, has made a delightful…
A Brazilian woman named Érika de Souza, 42, is under investigation for manslaughter after authorities…