Michael Jackson Estate Would Sell 50% of Catalog For Just Under a Billion Dollars

Michael Jackson‘s music might very nicely have a new co-owner if a mega deal is negotiated with Sony value practically a billion {dollars}, however there are strings hooked up … TMZ has discovered.

Sources with direct data inform TMZ … the MJ property will NEVER promote Michael’s historic catalog outright. BUT, we have discovered the property would entertain a 50/50 cut up, however provided that the property maintains full administration and management.

Our sources say the property would contemplate promoting a 50% curiosity for round $900 million, and that will cowl recordings, publishing rights, and so forth.

Here’s what we’re listening to … there seems to be talks underway between the property and Sony. When you concentrate on it, Sony makes a lot of sense … it is Mike’s long-term label.

This is a distinction from different enormous catalog gross sales which have gone down — together with from guys like Bruce Springsteen, Bob Dylan, Justin Bieber and extra. Those offers, did not even come near what’s doubtlessly at play for Michael’s stuff … and so they additionally relinquished nearly all say over how the work can be utilized by their new company homeowners.

Springsteen’s catalog went for $500 million, and Justin Bieber’s went for $200 mil … once more, that for complete possession.

If these MJ talks manifest, it will simply be the most important blockbuster sale ever — which speaks to only how in style and in demand Michael continues to be to at the present time.