Got $101 in the bank account and just wanted to say bad deal
LIRL
Great deal.
Bruce Springsteen sold for $500M last year and Bob Dylan sold his masters and publishing separately for a nearly similar amount
Lennon/McCarthy is complicated cus it was all wrapped into the deal MJs estate made where they sold the remaining half of Sony ATV to Sony for $750M. This included tons of other artists rights as well such as Eminem for example. This was definitely a meh deal but Jackson’s had serious debts to pay off and needed to secure funds. Maybe alone it’s $500M as well
I think MJs estate has still largely managed to keep MJs catalog.
The ATV sale was a trigger in the contract Jackson had with Sony for the remaining share.
The Estate has made over 2 billion since Jackson’s death, there are no debts.
MiJac (MJs catalogue) is 100% MJs, and now his Estates.