Michael Jackson‘s music might effectively have a brand-new co-owner if a mega offer is worked out with Sony worth almost a billion dollars, however there are strings connected … TMZ has actually discovered.
Sources with direct understanding inform TMZ … the MJ estate will never ever sell Michael’s historical catalog outright. BUT, we have actually discovered the estate would captivate a 50/50 split, however just if the estate preserves total management and control.
Our sources state the estate would think about offering a 50% interest for around $900 million, which would cover recordings, publishing rights, and so on.
Here’s what we’re hearing … there seems talks underway in between the estate and Sony. When you consider it, Sony makes a lot of sense … it’s Mike’s long-lasting label.
This is a difference from other substantial catalog sales that have actually decreased — consisting of from men like Bruce Springsteen, Bob Dylan, Justin Bieber and more. Those offers, didn’t even come close to what’s possibly at play for Michael’s things … and they likewise gave up practically all state over how the work can be utilized by their brand-new business owners.
Springsteen’s catalog went for $500 million, and Justin Bieber’s went for $200 mil … once again, that for overall ownership.
If these MJ talks manifest, it would quickly be the most significant smash hit sale ever — which speaks with just how popular and in need Michael continues to be to this day.
There’s a lot of MJ news coming out today — in addition to this industry-setting power play in the works … there’s a biopic in the works, for which the estate is deeply included.
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