Michael Jackson's estate moves to sell a piece of his music catalog for nearly $1 billion
If the deal with Sony goes through, it would be the highest sale for an artist catalog yet

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In the last year, Sony has been involved in high-dollar purchases regarding the publishing rights and recorded-music catalogs of prominent artists, including the record-making price tag for Bruce Springsteen’s work. Now, the company is looking to pen the largest deal yet for an artist’s catalog, with a $800-900 million dollar offer reportedly made to Michael Jackson’s estate.
Per Variety, Sony’s looking to purchase 50 percent of the estate’s interests in Jackson’s publishing, recorded-music revenues, MJ: The Musical, and the recently announced biopic, Michael. No one close to the deal has verified any details, including Jackson estate representatives, co-executors John Branca and John McClain, Sony, and Primary Wave.