ZodGory (zodgory) wrote in ohnotheydidnt,
ZodGory
zodgory
ohnotheydidnt

Sony Buys Michael Jackson's Stake in Music Catalog for $750 Million



-This will give the company sole ownership of works by The Beatles, Bob Dylan and others like Eminem and Taylor Swift

-MJ's estate negotiated the sale and the executors of the estate say this is just another move in erasing his debts and maximizing the value of the estate for the benefit of his three children and Jackson's mother.

-The sale does not include rights to Jackson’s master recordings or songs that he wrote, and the singer’s estate will continue to have a stake in EMI Publishing, Inc.

-The deal is expected to close by the end of the month.

source
Tags: legal / lawsuit, michael jackson / jackson family, music / musician, sony pictures
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