Sony buys Michael Jackson’s stake in music catalogue for £525m

Published: Tuesday 15th March 2016 by The News Editor

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Michael Jackson’s estate has sold its interest in a massive music catalogue to Sony for 750 million dollars (£525 million).

Sony and Jackson’s estate announced the sale of the Sony/ATV catalogue in a joint press release.

Jackson’s estate owned a half share of the catalogue, which includes the works of artists such as The Beatles and Bob Dylan.

The press release said Jackson purchased the ATV portion of the catalogue for 41.5 million dollars in 1985. The sale does not transfer to Sony ownership of Jackson’s master recordings or rights to songs the King of Pop wrote.

Jackson’s estate benefits his mother and three children. The Sony/ATV catalogue represented one of Jackson’s greatest assets when he died in June 2009 at the age of 50, although the singer was deeply in debt at the time.

Published: Tuesday 15th March 2016 by The News Editor

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