Top Stories

Sony Purchases Michael Jackson's Stake in the Company for $750 Million

Sony Purchases Michael Jackson's Stake in the Company for $750 Million

It was just announced that music giant Sony is in the process of purchasing Michael Jackson‘s stake in Sony/ATV Music Publishing for a whopping $750 million.

After the sale, the estate of the late music legend will grant Sony full ownership in the music publishing company, which represents artists like the Beatles, Leonard Cohen and Bob Dylan.

Sony Entertainment CEO Michael Lynton said in a statement that “this acquisition will enable Sony to more quickly adapt to changes in the music publishing business.”

Michael‘s estate will continue to retain his master recordings as well as a 10% stake in the EMI Music Publishing catalog.

Just Jared on Facebook
Photos: Getty
Posted to: Michael Jackson

JJ Links Around The Web

Getty
  • Aaron Hernandez' third suicide note was for his lawyer, not a gay lover - TMZ
  • Kim Kardashian isn't on speaking terms with Caitlyn Jenner - Gossip Cop
  • This actor is leaving Riverdale and the role is being recast - Just Jared Jr
  • Where is Dylan Sprouse these days? - Wetpaint
  • Get the latest on Amber Heard's new boyfriend - Lainey Gossip
  • 13 Reasons Why is almost definitely getting a second season - The Hollywood Reporter
  • Juan Cocco

    Why doesn’t anyone recognize MJ as the pioneer of the contouring trend???

  • Juan Cocco

    You can’t even think of “lacefront” without thinking of MJ!! IDK WHY THE CHILDREN ARE PAYING HIM NO MIND!!!

  • http://www.soundcloud.com/cigo8179 Christopher I. Gomes

    His estate will be worth over a billion dollars????