Michael Jackson Estate To Sell Catalog for $900 Million
The Michael Jackson estate is currently in the process of selling half of his music catalog for approximately $900 million, according Variety. If this sale goes through this would be the biggest catalog sale in music history. Although details are unclear, sources say 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.
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