Michael Jackson's estate are reportedly selling his music catalog for $900 million
8 February 2023, 15:07
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His back catalog of music is up for sale for a whopping price.
Michael Jackson's back catalog is up for sale for up to $900 million, according to a new report.
The late singer's work will be sold for almost a billion dollars, alongside other assets that reportedly include MJ: The Musical Broadway show and upcoming biopic Michael.
This sale would be the biggest deal to date following other artists sale of backdated music in recent months and years.
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Insiders claim to Variety that Sony and a possible financial partner are negotiating to acquire 50 per cent of the estate's interest in Jackson's publishing and recorded music revenues.
A financial source said that Primary Wave Music, an independent music publisher, already owns a stake in Jackson's work.
Sony has also been involved in some of the music industry's biggest catalog deals - including Bruce Springsteen's $600 million deal.
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Just last month, Justin Bieber, 28, sold his entire music catalog for $200 million.
Sony and it's predecessor CBS were Jackson's companies to store his music, and his back-dated music is some of the most lucrative in history.
His 1982 album 'Thriller' is one of the highest-selling albums of all time and was the first album to go platinum 30 times.
