Michael Jackson Estate in Talks to Sell Half of Pop Idol's Music Catalogue for Over N369 Billion
- Michael Jackson is a Grammy Award-winning singer who was dubbed the King of Pop by music lovers
- The celebrated musical genius died aged 50 in 2009 at his Los Angeles home after excessive consumption of hospital tranquillizer Propofol
- Michael Jackson's doctor had prescribed the medicine to the star, however, he overindulged in it, leading to his demise
Michael Jackson's timeless music could belong to a new co-owner as negotiations are ongoing in a deal with Sony Music.
Source: UGC
Sony music
According to TMZ, the negotiations for the deal said to be over N369 billion, include the pop star's estate having complete control and management of the catalogue.
Sources have intimated that MJ's estate would never sell Michael's historic catalogue outright but would entertain a 50/50 split.
PAY ATTENTION: Subscribe to Digital Talk newsletter to receive must-know business stories and succeed BIG!
The multi-million deal covers publishing and recording rights.
It has been said that talks are underway between Sony, Michael Jackson's long-time recording label.
Despite an illustrious career that spans back to the 80s, MJ, being human, was also a troubled man in some forms, with his death still a point of controversy to date.
Michael Jackson's death
On June 25, 2009, Michael Jackson died at 50 at his home in Los Angeles, California, after suffering from cardiac arrest.
The heart attack was caused by a fatal combination of meds given to him by his personal doctor.
It goes without saying that the late Jackson inspired a number of contemporary acts including RnB sensation Chris Brown whose music style and dance moves are a reflection of the Beat it hitmaker.
Jusin Beiber's catalogue
On Wednesday, January 25, Legit.ng reported that Justin Bieber reportedly sold his entire music catalogue to Hipgnosis Songs Capital for over N89 billion.
The reports come after weeks of speculation that the multi-award-winning star was in talks to give up his music publishing and recording catalogue to the Blackstone-backed Hipgnosis Songs Capital.
Bieber has a career spanning more than a decade and 290 songs, including timeless classics like Sorry and Baby under his belt.
By selling his music rights, the star gave Hipgnosis his stake in his masters as well as his neighbouring rights — a royalty through which its owner receives a payment every time a song is played publicly, The National reported.
According to EWN, the Baby hitmaker joined the long list of international stars who have also sold their music catalogues to Hipgnosis Songs Capital.
Stars like Justin Timberlake and Shakira have also sold their music rights.
Source: TUKO.co.ke
Nkem Ikeke (Copy editor) Nkem Ikeke is currently a copy editor who also writes for the politics and current affairs desk on weekends. She holds a Bachelor of Arts in Mass Communication degree from the University of Nigeria, Nsukka (2010), and has over 10 years of work experience in the media industry (Reporter, News Agency of Nigeria). Email: n.ikeke@corp.legit.ng
Taiwo Owolawi (Entertainment Editor) Taiwo Owolawi is an entertainment and lifestyle journalist with four years of work experience at Legit.ng. She graduated from Osun State University with a degree in English and International Studies in 2016. She has also moved on to pursue courses in Public Relations and Copywriting. Taiwo emerged as Legit.ng's Best Entertainment Editor in 2022. Contact: taiwo.owolawi@corp.legit.ng.
