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Michael Jackson's estate sells music catalog stake worth at LEAST $600million to Sony Music - as late singer's assets are valued at whopping $1.2BILLION
Michael Jackson's estate has sold a 50% stake in the music catalog of the late pop star to Sony Music Group for at least $600 million.
The arrangement might also include songs from additional artists within the Mijac publishing catalog, such as titles by Sly & the Family Stone as well as hits written or performed by Jerry Lee Lewis, Jackie Wilson, Curtis Mayfield, Ray Charles, Dion and others, per Variety. The arrangement might also include songs from additional artists within the Mijac publishing catalog; Quincy Jones, Jackson, Steven Spielberg at work on the ET storybook soundtrack album, 1982 Jackson died on June 25, 2009, due to acute propofol and benzodiazepine intoxication, leaving behind an estate valued in the hundreds of millions of dollars but also substantial debts to be addressed.
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