The Michael Jackson estate is in the process of selling half of its interests in the legendary singer’s music catalog in a deal in the $800 million-$900 million range.
that Primary Wave Music already owns a stake in Jackson’s publishing catalog, although details are unclear.
Reps for the Jackson estate, co-executors John Branca and John McClain, Sony and Primary Wave declinedSony has been involved in some of the biggest previous known catalog deals: Itcatalogs for a combined price sources said was around $600 million. Sources say the company also paid $150 million-$200 million for Bob Dylan’s rights to his recorded-music catalog, after seeing the legendary songwriter sell the rights to his publishing to Universal Music for nearly $400 million.
Sources would not confirm the financial partner in the deal, and it remains unclear whether one is definitely involved, but likely suspects would include Eldridge Industries, which partnered with Sony on the blockbuster Springsteen catalog deal and also acquired the Killers’ pre-2020 publishing catalog, and Shamrock, which recently partnered with Universal on aand in 2020 acquired the rights to Taylor Swift’s first six albums from a consortium led by Scooter Braun.
Sony and its predecessor CBS were the sole home for Jackson’s recorded-music catalog for his entire solo career and the latter years of his career with the Jackson 5. The singer died in 2009 at the age of 50; the formidable entertainment interests of his estate have been handled with a firm hand by Branca, his longtime attorney, and co-executor John McClain.
Jackson’s recorded-music catalog is one of most lucrative in history — his 1982 “Thriller” album alone is one of the two biggest sellers of all time and was the first album to be certified 30-times platinum, although such figures have become muddled in the streaming age.to acquire the estate’s 50% stake in their joint venture, Sony/ATV Music Publishing, for $750 million. The following year the company revealed in an earnings report that as part of its $2.
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