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Wednesday, February 8, 2023

VARIETY: DEAL PENDING FOR HALF OF MJ CATALOG

Variety is reporting that the Michael Jackson estate is near to closing a deal to sell 50% of its interest in the late superstar's catalog, including publishing, recordings, the MJ: The Musical stage spectacular and an upcoming biopic, to Sony and an undisclosed financial partner.

Estate co-executors John Branca and John McClain declined to comment for the story, which estimates the value of the arrangement to be as much as $900 million.

The Variety story claims that the deal would be the biggest to date in the mega-catalog marketplace. Stay tuned.

TAGS: Michael Jackson | Variety | John Branca | John McClain
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