Michael Jackson's Estate Preparing to Sell His Catalouge to Sony

According to reports the Estate of Michael Jackson is in negotiations to sell 50% of his music catalogue...

From Variety 

The Michael Jackson estate is in the process of selling half of its interests in the legendary singer’s music catalog in a deal in the $800 million-$900 million range, three sources confirm to Variety. While details are unclear, sources say that Sony and a possible financial partner are negotiating to acquire 50% of the estate’s interests in Jackson’s publishing, recorded-music revenues, the “MJ: The Musical” Broadway show and the upcoming biopic “Michael,” and possibly more assets.

The package would be the biggest deal to date in the still-booming music catalog market.

A financial source tells Variety that Primary Wave Music already owns a stake in Jackson’s publishing catalog, although details are unclear.