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Subject: "Michael Jackson's estate sells half of catalog stake to Sony" Previous topic | Next topic
c71
Member since Jan 15th 2008
13874 posts
Sat Feb-10-24 10:59 AM

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"Michael Jackson's estate sells half of catalog stake to Sony"


  

          

https://www.rollingstone.com/music/music-news/michael-jackson-catalog-deal-sony-1234965818/

MAJOR DEAL

Michael Jackson Catalog Stake Sold to Sony, Valued at Whopping $1.2 Billion

Sony agreed to acquire half of the artist's publishing and recorded masters catalog

BY CHARISMA MADARANG

FEBRUARY 9, 2024

IN WHAT IS likely the largest transaction for a solo musician’s body of work, Sony completed an agreement to acquire half of Michael Jackson‘s publishing and recorded masters.

The deal values the music assets at above $1.2 billion, sources told Billboard. The outlet also estimated that Sony will pay at least $600 million for its stake. An attorney for Jackson’s estate declined to comment to Rolling Stone.

Last February, Variety reported that Jackson’s estate was in negotiations seeking $800 million-$900 million for half of its interests in the singer’s music catalog. At the time, Billboard assessed that the estate earned about $75 million annually, with assets including ownership of master recordings, publishing for Jackson’s share of his songs, the singer’s Mijac publishing catalog, and royalties from theatrical shows based on his iconic music.

In 2016, 21 years after Jackson and Sony formed Sony/ATV Music Publishing, Sony bought out his half of the company in a deal netting the Jackson estate $750 million. Jackson first acquired ATV Music Publishing, which owned the publishing rights to the majority of the Beatles‘ music, in 1985 for $41.5 million. The singer merged his stake in ATV with Sony Music to form Sony/ATV eleven years later.


Although Jackson’s legacy has faced multiple allegations of child sexual abuse, he continues to be one of best-selling artists of all time. These claims were the subject of renewed scrutiny following the 2019 release of HBO’s documentary, Leaving Neverland, in which Wade Robson and James Safechuck claimed Jackson, who died in 2009, groomed and sexually abused them for years while they were boys. Jackson and his estate have repeatedly denied the allegations.

This article was updated at 12:44 a.m. E.T.on Feb. 10, 2024 to include a rep for Jackson’s estate decline to comment.

  

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Topic Outline
Subject Author Message Date ID
Tommy Mottola won
Feb 10th 2024
1
It makes me think about this blog post from 2017 (link)
Feb 10th 2024
2
So after Katherine sold half to whoever
Feb 12th 2024
3
slimy bastards
Feb 13th 2024
4

csuave03
Member since May 20th 2007
3066 posts
Sat Feb-10-24 11:26 AM

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1. "Tommy Mottola won"
In response to Reply # 0


  

          

Not really since he no longer works for Sony

Didn’t know he converted to Judaism

A more apropos statement… Sony won

Guess the following was incorrect up until now

Only a devil would scheme and not give me my green
That's why Michael Jackson called out Jimmy Iovine
His words were too extreme so they had to solve that
Mike was killed then Sony got the catalog back

https://youtu.be/E6XZVfEd8BQ?si=5dtdbkM6Fk3v29iv

🤷🏾

  

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NorthWeezy
Member since Dec 04th 2005
5481 posts
Sat Feb-10-24 02:43 PM

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2. "It makes me think about this blog post from 2017 (link)"
In response to Reply # 0


  

          

Unfortunately it’s restricted now.

This is How They Rob You: (or Michael Jackson Was Right)
https://medium.com/the-brothers/this-is-how-they-rob-you-or-michael-jackson-was-right-603ced1503e0

……………….,,
http://gravalicious.tumblr.com/archive

"If you're not loving someone, you're wasting your time." - Dennis Brown

  

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3CardMolly
Member since Jun 08th 2007
13642 posts
Mon Feb-12-24 11:32 PM

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3. "So after Katherine sold half to whoever"
In response to Reply # 0


  

          

They eventually sold that half to Sony?

I feel this is an old article thats propped up to look new.

  

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legsdiamond
Member since May 05th 2011
79049 posts
Tue Feb-13-24 11:13 AM

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4. "slimy bastards"
In response to Reply # 0


          

shit earns $75 Mill per year and they just can’t wait 10 years to get that much AND still have control of the whole catalog?

smh..

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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