Michael Jackson Estate Would Sell 50% of Catalog For Just Under a Billion Dollars
Michael Jackson‘s music may very well have a new co-owner if a mega deal is negotiated with Sony worth nearly a billion dollars, but there are strings attached … TMZ has learned.
Sources with direct knowledge tell TMZ … the MJ estate will NEVER sell Michael’s historic catalog outright. BUT, we’ve learned the estate would entertain a 50/50 split, but only if the estate maintains complete management and control.
Our sources say the estate would consider selling a 50% interest for around $900 million, and that would cover recordings, publishing rights, etc.
Here’s what we’re hearing … there appears to be talks underway between the estate and Sony. When you think about it, Sony makes a lot of sense … it’s Mike’s long-term label.
This is a distinction from other huge catalog sales that have gone down — including from guys like Bruce Springsteen, Bob Dylan, Justin Bieber and more. Those deals, didn’t even come close to what’s potentially at play for Michael’s stuff … and they also relinquished virtually all say over how the work can be used by their new corporate owners.
Springsteen’s catalog went for $500 million, and Justin Bieber’s went for $200 mil … again, that for total ownership.
If these MJ talks manifest, it would easily be the biggest blockbuster sale ever — which speaks to just how popular and in demand Michael continues to be to this day.
There’s a lot of MJ news coming out right now — in addition to this industry-setting power play in the works … there’s a biopic in the works, for which the estate is deeply involved.
⭐️Singer/Songwriter/Voice Talent/Actor/Media Personality⭐️
Born in Syracuse, NY. He holds a bachelor of science degree in communication from Florida Institute of Technology with specialization in technical writing, business, public relations, marketing, media, promotion, and aerospace engineering.
⭐️ Las Vegas Entertainer ⭐️ MTV uplaya Platinum Auddy Award Winner ⭐️ Southeastern FTTF Talent Champion ⭐️ Movies & TV ⭐️ Listed in ‘Who’s Who’ publication ⭐️ Voted ‘MOST MARKETABLE’: Sonic Records ⭐️ U.S. Veteran ⭐️