Michael Jackson Estate Is In Talks For Selling

The Michael Jackson Estate has reportedly started negotiations to sell half of its interests in the late King of Pop's music catalog for a sum between $800 million and $900 million.

The deal, which would be the largest of its kind to date in the thriving music catalog market, would include 50% of the estate's interests in Jackson's publishing, recorded-music revenues, the 'MJ: The Musical' Broadway show and the upcoming biopic 'Michael', and potentially more assets.

While it is unclear who the financial partner might be, some of the likely suspects include Eldridge Industries and Shamrock.

It is worth mentioning that Sony and CBS had been the sole home for Jackson's recorded-music catalog throughout his solo career and his time with the Jackson 5.

In 2016, Sony Corp. had acquired the Jackson estate's 50% stake in the joint venture, Sony/ATV Music Publishing, for $750 million.

In 2018, the company had acquired the estate's 25.1% stake in EMI Music Publishing for $287.5 million as part of its $2.3 billion acquisition of EMI Music Publishing. This made Sony the sole owner of the world's largest music publishing company.

Michael Jackson's recorded-music catalog is one of the most profitable in history. His 1982 'Thriller' album alone is one of the two biggest-selling albums of all time, and was the first album to be certified 30-times platinum.

It is worth noting that there have been reports about the making of a biopic on Michael Jackson's life, which would include all the controversial incidents associated with the King of Pop.

While representatives for the Jackson Estate, Sony, and Primary Wave have declined to comment on the reports, sources suggest that the negotiations are ongoing.