MICHAEL JACKSON’S ESTATE IN TALKS TO SELL 50% OF CATALOG FOR OVER $800 MILLION

February 12, 2023

Michael Jackson’s legacy lives on.

According to reports, MJ’s estate is in talks of closing on a huge deal. Variety reports they’re in the process of selling half of its interests in the king of pop’s catalog.

“Dancing is really showing your emotions through bodily movement, and I think it’s a wonderful thing to get out on the floor and just feel free and do what you want and let it come out. And when I dance, I mean I really feel it, I just feel free.” – Michael Jackson pic.twitter.com/lXTUXKi4uz
— Michael Jackson (@michaeljackson) February 4, 2023

Details of the deal are unclear, but it could be sold from $800-$900 million. The article reports Sony and a possible financial partner are negotiating to acquire 50 percent of the estate’s interest in MJ’s publishing, recorded-music Venus, the “MJ The Musical” Broadway show, an upcoming biopic, Michael, and more.

TMZ reports the estate would only entertain a 50/50 split if the estate maintains complete management and control.

During Michael’s career (including the Jackson 5), SONY and its predecessor CBS were the only outlets for his music.

Michael Jackson estate reportedly nearing 50% catalog sale worth $800-900 million. It would mark the biggest music catalog sale to date (via Variety).
— chart data (@chartdata) February 7, 2023

Michael passed away in 2009 at the age of 50.

Let us know your thoughts on the deal.

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Clement Faria

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