Michael Jackson Estate Open to Selling Half of Music Catalog for Less Than $1 Billion

Michael Jackson, the King of Pop, was a musical phenomenon like no other. With a career spanning five decades, Jackson revolutionized the music industry with his electrifying performances, ground-breaking music videos, and iconic dance moves. He sold over 350 million records worldwide, making him one of the best-selling music artists of all time.

Despite facing numerous personal and legal controversies, Jackson’s impact on popular culture is undeniable. He remains a beloved figure, remembered for his incredible talent, humanitarian efforts, and unforgettable contribution to the world of music.

The legendary Michael Jackson’s music is so invaluable that Sony is making a bid to attain a joint ownership of the rights to his musical legacy.

Sources familiar with the matter told TMZ the Jackson estate is not interested in fully selling the iconic musician’s music catalog. However, they are reportedly open to considering a 50/50 split on ownership with Sony, on the condition that the estate retains full control and management of the music.

Sources have shed light on the situation, revealing that the Jackson estate is willing to part with a 50% stake in the music catalog, which includes recordings and publishing rights, for a reported sum of approximately $900 million.

This potential deal with Michael Jackson’s estate would set itself apart from previous high-profile catalog sales. For comparison, Bruce Springsteen’s music catalog sold for $500 million, while Justin Bieber’s sold for $200 million, with both deals involving complete ownership transfers. However, the proposed 50/50 split with the Jackson estate, coupled with the retention of full management and control by the estate, sets this deal apart and underscores the immense value of Jackson’s music.

If this deal goes through, it could very well be the biggest blockbuster sale ever. However, both parties still need to agree to the terms of the deal. Stay tuned to Thirsty For News as we bring you similar stories.

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