The Michael Jackson estate is in the process of selling half of its interests in the legendary singer’s music catalog in a deal in the $800 million-$900 million range, three sources confirm to Variety.
While 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.
The package would be the biggest deal to date in the still-booming music catalog market.
Read the full article.
SCOOP: Michael Jackson Estate nearing music-catalog sale worth $800-$900M. In the wake of HBO’s Leaving Neverland, this figure would have been far lower. Estate was smart to wait it out. https://t.co/ISvXWkiadS via @variety
— Tatiana Siegel (@TatianaSiegel27) February 7, 2023