Sony Buys Michael Jackson’s Music Catalog for $600 Million Despite the Pop Star Calling Sony’s Former CEO the “Devil” Before His Death
Sony finally got its wish to own a major stake in Michael Jackson’s music catalog.
Billboard has reported Sony Music Group will pay $600 million for a stake in the late pop star Michael Jackson’s recorded masters catalog and publishing rights.
Jackson’s estate was making close to $75 million annually off Jackson’s publishing rights and masters catalog.
If alive, Jackson himself would be outraged over the deal, considering in 2002, Jackson called out Sony for “attempting to destroy” him.
Jackson gloated that Sony was mad at him for owning “half of Sony’s Publishing” and continued to call Sony’s CEO at the time, Tommy Motolla, the “devil.”
WATCH:
Sony Music buys half of Michael Jackson’s catalog for more than $600 million,
