Michael Jackson’s estate is currently in talks with Sony, to sell the popstar’s music catalogue, for close to a billion dollars.
The estate, will sell only half of its interests to Sony for around $800- $900 million for Jackson’s publishing, recorded-music revenues, the “MJ: The Musical” Broadway show and the upcoming biopic “Michael,” and possibly more assets.
However, the estate will maintain complete control and management of the popstar’s musical catalogue.
Sony, which was Jackson’s record label, had previously acquired 25.1% of MJ’s estate in 2018 and parted with a whooping $287.5. However, the current $900 million deal is the biggest deal in musical history.
According to Variety, Jackson’s musical catalogue is the biggest in history as his album ‘Thriller’ which was released in 1982, is one of the best-selling two albums to date and was the first album to be certified 30-times platinum.