Michael Jackson's Estate in Talks to Sell Half of Pop Idol's Music Catalogue for R15.5 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 tranquilliser propofol
- Michael Jackson's doctor prescribed the medicine to the star - however, his overindulgence led to his demise
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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 negotiating deal for half of MJ's music catalogue
According to TMZ, the negotiations for the deal are said to be worth R15.5 billion, including the pop star's estate having complete control and management of the catalogue.
Sources claimed that MJ's estate would never sell Michael's historic catalogue outright but would entertain a 50/50 split.
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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 dead
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 doctor. The late Jacko inspired several contemporary acts, including RnB sensation Chris Brown, whose music style and dance moves reflect the Beat it hitmaker.
Justin Bieber's catalogue
On Wednesday, January 25, Briefly News reported that Justin Bieber reportedly sold his entire music catalogue to Hipgnosis Songs Capital for over R3.4 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 over a decade and 290 songs, including timeless classics like Sorry and Baby.
By selling his music rights, the star gave Hipgnosis his stake in his masters and his neighbouring rights — a royalty whose 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.
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Source: TUKO.co.ke
Kelly Lippke (Senior Editor) Kelly Lippke is a copy editor/proofreader who started her career at the Northern-Natal Courier with a BA in Communication Science/Psychology (Unisa, 2007). Kelly has worked for several Caxton publications, including the Highway Mail and Northglen News. Kelly’s unique editing perspective stems from an additional major in Linguistics. Kelly joined Briefly News in 2018 and she has 14 years of experience. Kelly has also passed a set of trainings by Google News Initiative. You can reach her at kelly.lippke@briefly.co.za.
Lebogang Mashego (Current Affairs HOD) Lebogang Mashego runs the Current Affairs desk. She joined the Briefly News team in 2021. She has 6 years of experience in the journalism field. Her journalism career started while studying at Rhodes University, where she worked for the Oppidan Press for 3 years. She worked as a lifestyle writer and editor at W24 and Opera News. She graduated with a BA degree majoring in Journalism and Media Studies in 2017. She's a recipient of the INMA Elevate Scholarship. Email: lebogang.mashego@briefly.co.za
