Tuesday, March 15, 2016

Michael Jackson Estate Sells Stake in Sony


Back in 1985 the King of Pop Michael Jackson pulled the ultimate power move by purchasing the ATV catalogue for $41.5 million, later merging it with Sony, giving him ownership to many hit songs including some by The Beatles, ruining his friendship with Paul McCartney.

The Estate of Michael Jackson has just sold his stake...

According to reports The Estate of Michael Jackson just sold his stake in Sony for $750 million.

Sony will now have sole ownership of songs by The Beatles, Bob Dylan, Eminem, Alicia Keys, Taylor Swift and many others.

The proceeds will benefit Michael Jackson's mother Katherine and his three children Prince, Paris and Blanket.

28 comments:

Anonymous said...

That is either one of the biggest mistakes in history or the have inside information and have begone liquidating all assets.

Anonymous said...

*they*

Anonymous said...

Wrong move. Unfortunately that's what happens when there is no unity within the family. He ain't have no black children to pass that money down to anyway and that's the difference between wealthy vs rich.

Anonymous said...

White people can sleep better now knowing when they purchase a Beatles song the money is in white hands!

Anonymous said...

Sadly, this money will also benefit Michael's unemployed siblings, and their children. They're all in poor Ms. Katherine's pockets.

Anonymous said...

Who thought this was a smart move? Katherine shouldn't need the money from this sale. His estate has generated big millions since his passing. I know MJ would be sick over this.





















Anonymous said...

I just saw this but it is only a matter of time before they acquire it also SMH.... No need to tour now huh Ms Jackson.

"The Jackson estate still has significant holdings in music. It was a minority investor in the EMI publishing deal, and still holds its interest in that catalog. It also has complete ownership of Jackson’s songs and recordings, as well as other publishing holdings that Jackson acquired in his lifetime, including songs by Sly Stone and early rock ’n’ roll classics made famous by Ray Charles and Elvis Presley."

Anonymous said...

There goes the family with their hands out again. That's the only reason I see fit as to why they would make such a dumb move. Maybe Tito's son needed a bigger place for all his kids, and Mike's 3.

Anonymous said...

There are lawyers in charge of that estate. I remember a few years back, they gave themselves a hefty raise for managing the estate. I wonder how big of a kickback they got from the label.

Anonymous said...

MJ seemed like a smart man. Maybe he has some black children of his own blood hiding under assumed names in Africa somewhere. Michael always sang about Africa.

Anonymous said...

Dumbest move in the history of bad deals.... McCartney was pissed when Mike brought the Beatles catalogue... Sony BEEN wanted to get their hands on this and now they got what they wanted and what so many people say they killed Mike for - although I don't believe that conspiracy theory Mike killed himself wit help from a disreputable doctor.

Anonymous said...

I wonder how beautiful it would have been had Michael had a child with Stephanie Mills whom he dated briefly. But she said that MJ'S family did not like dark skin black women.

Anonymous said...

This is how Sony wanted it anyway. It was reason Michael was killed; he was a goyim playing the jew hollywood game, better than them.

Sunni Daze said...

That doesn't make any sense. Now things really look shady

Anonymous said...

its what they wanted all along. As soon as he started buying Elvis' catalog and the Beatles' catalog, the rumors started coming out about him being a pedophile and they killed the man for it.

See how they are treating Obama. When blacks get to big for their britches, there are ways to bring them down . . .

You can't be supreme with a black man on top!
It

Anonymous said...

They didn't have a choice. Lawyers are in charge of the estate NOT the Jackson family.

D. Davis said...

8:59 you don't know what the he'll you're talking about!

Anonymous said...

That was the plan all along. Kill Michael and get that catalog. Money is the root...And all of these people are EVIL.

Anonymous said...

Job complete Tommy.

Anonymous said...

For some reason, I just belive MJ would kick that dam casket open and run amuck on his ignant ass family if he could for this foolery.

Anonymous said...

It is done. It's come full circle now. They murdered him for purchasing that too. These white people don't ever want a black man to have that much power.

Anonymous said...

The Jackson family's hatred of their black dna is why this is happening. If Papa Joe wasn't so dead set on turning his beautiful talented black family into, mediocre ugly white people, this would not have happened. Janet didn't marry Bobby Brown for the same reason. Her family did not like black people that looked black. C'mon!! When the whole enitre family gets a nose job you know they are some self hating ass fools.

Anonymous said...

Can you believe this? MJ may have gone to an early grave protecting this, his largest assets. (Frankly one of the largest single holding assets ever owned by an African-American, ever.)

I can see the Jackson Family whining and complaining to the trustees that they needed more money and pushing them to sell the catalog for WAY less than it's worth. I read estimates 2 years ago that it was worth 1.5 billion. Now this?

Sadly, I believe the family will run through the money and be broke in 5 years...Such fools.

Anonymous said...

And to Sony!? We KNOW what kind of things MJ alleged of them and what they allegedly did to his career. SMH.

Anonymous said...

MJ LEFT NO BLACK OR EVEN BLOOD CHILDREN TO CARRY ON HIS LEGACY AND THEY HAVE SOLD HIS BIGGEST ASSET WORTH 1.3 BILLION FOR JUST 750MIL DAMN CRACK HEADS!!!
MICHAEL JACKSON REALLY IS DEAD.

Anonymous said...

Thank You 1:08 He did say he was the devil before he died.

I don't think people realize yet what a tragedy this sale represents. That catalog's monetarial value alone is so high that it is beyond priceless. Just look at it this way, for every song in that catalog you can charge an exorbitant fee just to use it commercials, videos, movies, TV shows, what have you because well, you OWN the rights but use it without permission, forgetaboutit. I can sue your drawers off. Case in point the Oscars using Public Enemy’s song ‘Fight the Power ‘and they couldn’t do shit about it because they don’t own the rights to the song.

That was a hell of a weapon to have in your personal arsenal in the seedy music industry, the monopoly of all monopolies and they sold it for mere pennies on a dollar... Fools! They wouldn’t of had to worry about money for the rest of their lives. Should have sold the elephant man bones.

I think I’m going to be sick….*Shakes head and quietly leaves the room*

Anonymous said...

I don't know...I think the Jackson family may have been "encouraged" by the demonic PTB to sell MJ's Sony catalog. Kinda like racist Donald Sterling being forced to sell the L.A. Clippers years ago. Or racist Bruce Levenson having to sell his controlling share of the Atlanta Hawks. In those circles, they don't give a damn how hard these people worked to earn what they have. Whatever TPTB require of them to give up or sell, they have to do it. So the Jackson family probably had no choice. Something tells me they DID want to keep the Sony catalog..

Anonymous said...

The Jackson Family had no choice. Either give up the catalog or be wiped out. Tommy is smiling somewhere and Mariah is bumping up her security. Do you still want to be in show business?

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