The estate of Michael Jackson is closing in on a deal to sell half its interests in the megastar’s music catalogue, in a deal worth up to $900 million, Variety reported. | AFP
In this file photo taken on March 5, 2009, US popstar Michael Jackson addresses a press conference at the O2 arena in London. The estate of Michael Jackson is closing in on a deal to sell half its interests in the megastar’s music catalogue, in a deal worth up to $900 million, Variety reported on Feb. 8, 2023. CARL DE SOUZA / AFP
LOS ANGELES, United States—The estate of Michael Jackson is closing in on a deal to sell half its interests in the megastar’s music catalogue, in a deal worth up to $900 million, Variety reported. The sale, to Sony and a possible financial partner, could include a slice of the singer’s publishing and recorded-music revenues, as well as Broadway show “MJ: The Musical” and as-yet-unmade biopic “Michael,” the trade title said.If it goes ahead, the deal would be the biggest yet in the burgeoning music catalogue market, which has already seen some eye-popping transactions.
They have included the sale of Bruce Springsteen’s publishing and recorded music back catalogue for $600 million—also to Sony—and $400 million that Universal Music paid to buy Bob Dylan’s recorded music.
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