johnmcclain
Michael Jackson's estate is reportedly closing in on a deal to sell 50 per cent of the late King of Pop's entire music catalogue for $800 to $900 million. Sony Music - Michael's label for the entirety of his solo career - is said to be nearing completion of the landmark purchase, multiple sources have told Variety. As well as owning publishing and recorded music revenues, the deal also includes the 'MJ: The Musical' Broadway show and the upcoming biopic 'Michael' and more. Sony might have a financial partner involved to seal the deal on the biggest sale in music history. For instance, the sale...
BANG Showbiz English
The late Michael Jackson has earned more than $2 billion since he died. The 'Thriller' hitmaker died in 2009 but since his passing, posthumous business dealings have brought in an average of over $360 million a year, recently-audited records have shown. The paperwork confirmed Sony bought the 'Billie Jean' singer's 10% lifetime rights to the EMY catalogue for $287.5 million and he earned over $72 million from separate work deals. In the years after his death, Michael's account was around $500 million in debut, but now the net value of his property, cash accounts and overall earnings are $888,2...
BANG Showbiz English
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