MICHAEL JACKSON BOUGHT OUT OF SONY FOR $750 MIL!
[size=24pt]MICHAEL JACKSON<br />BOUGHT OUT OF SONY FOR $750 MIL![/size]<br />3/14/2016 10:02 PM PDT BY TMZ STAFF<br /><br />
<br /><br />Hard to imagine Michael Jackson's Estate getting even richer, but it just happened -- Sony is forking over $750 MILLION to buy out MJ's share of Sony/ATVMusic Publishing.<br /><br />Sony Corp. announced the deal to take over Jackson's 50% stake in the joint venture that was launched in 1995 -- and owns copyrights for some of the biggest recordings in history. For instance, Sony/ATV controls "New York, New York," "Jailhouse Rock," "I Heard it Through the Grapevine," "All You Need Is Love" and "The Mission Impossible Theme."<br /><br />The estate will keep all songs written by Michael ... and a bunch of others by other artists which he purchased during his lifetime. The sale is expected to be finalized by the end of this month.<br /><br />It's a remarkable deal struck by Estate executors John Branca and John McClain -- especially when you consider MJ bought the ATV catalog for $41.5 million in 1985. Not to mention, the fact MJ was far from financially flush when he died.<br /><br />Three-quarters of a BILLION in one fell swoop. Don't it make you wanna scream?<br /><br /><br /><br />http://www.tmz.com/2016/03/14/michael-jackson-sony-atv-purchased/
<br /><br />Hard to imagine Michael Jackson's Estate getting even richer, but it just happened -- Sony is forking over $750 MILLION to buy out MJ's share of Sony/ATVMusic Publishing.<br /><br />Sony Corp. announced the deal to take over Jackson's 50% stake in the joint venture that was launched in 1995 -- and owns copyrights for some of the biggest recordings in history. For instance, Sony/ATV controls "New York, New York," "Jailhouse Rock," "I Heard it Through the Grapevine," "All You Need Is Love" and "The Mission Impossible Theme."<br /><br />The estate will keep all songs written by Michael ... and a bunch of others by other artists which he purchased during his lifetime. The sale is expected to be finalized by the end of this month.<br /><br />It's a remarkable deal struck by Estate executors John Branca and John McClain -- especially when you consider MJ bought the ATV catalog for $41.5 million in 1985. Not to mention, the fact MJ was far from financially flush when he died.<br /><br />Three-quarters of a BILLION in one fell swoop. Don't it make you wanna scream?<br /><br /><br /><br />http://www.tmz.com/2016/03/14/michael-jackson-sony-atv-purchased/ "For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places."