Over the past few years, a number of iconic musicians have decided to sell their music catalogs for large sums. Now, The Michael Jackson estate will reportedly join the party, and it could end up being one of the biggest music catalog deals ever. The deal is expected to be for $800-$900 million and will include multiple music assets.
The Michael Jackson estate is currently working on a deal to sell Sony and a possible financial partner half of its interests in the singer’s music catalog. The deal will include Jackson’s publishing, recorded-music revenues, the “MJ: The Musical” Broadway show and the upcoming biopic “Michael,” and possibly more assets, according to Variety. Details on the deal remain unclear at this time.
This is not the first music catalog deal Sony has been involved in, previously purchasing the catalogs of Bruce Springsteen, Bob Dylan and more. However, all those deals could be topped by the Michael Jackson catalog. If the deal goes through, it’ll be yet another record on Jackson’s resume.
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