Sunday, November 15, 2015

Michael Jackson's children aiming to control Beatles' catalog

Michael Jackson's children want to buy the remaining 50 percent of the Sony/ATV publishing catalog, which includes most of the Beatles' songs, the Daily Express reports.

Jackson, himself, once owned 100 percent of the catalog, but sold off half his shares to Sony to pay off debts. Sony has since triggered a clause in the arrangement that would allow the Jackson Estate to re-purchase all shares. There's speculation that it's now Sony who needs cash.

Sony/ATV is valued at an estimated $2 billion and brings in millions of dollars in royalty payments each year.

Along with 251 Beatles songs, the catalog controls the rights to songs by Bob Dylan, Lady Gaga, Bruce Springsteen and others.


No comments:

Post a Comment