Sony buys Michael Jackson’s stake in music catalog for $750M

Category: Music

FILE - In this March 5, 2009 file photo, US singer Michael Jackson announces that he is set to play ten live concerts at the London O2 Arena in July, which he announced at a press conference at the London O2 Arena. Jackson and Sony Corp. announced Monday, March 14, 2016, that the singer's estate had sold its half interest in the massive Sony/ATV Music Publishing catalog to the company for $750 million. The catalog includes music by The Beatles, Bob Dylan and other stars, but the deal does not include rights to Jackson's master recordings or songs he wrote. (AP Photo/Joel Ryan, File)LOS ANGELES (AP) — Michael Jackson's estate has agreed to sell its remaining stake in a lucrative music catalog to Sony Corp. for $750 million, the entities announced Monday.


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