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.
THIS HITS PHOTO GALLERY IS WANDERING IN THE DESERT
Photographic proof of the weaselfest (4/15a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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