MICHAEL JACKSON: Estate Wants $900 Million for 50% Catalog
The estate of Michael Jackson is negotiating the sale of half his music catalog. The asking price is in the range of $900 million. Sony Music wants 50% of the revenue from Jackson’s publishing and music royalties. They would also take a portion of the money from the Michael Jackson musical on Broadway as well as the upcoming biopic staring Michael’s nephew, Jaafar Jackson. Sony Music previously acquired in similar deals the catalogs […]