FEATURED Michael Jackson Estate Sells Half of Catalog For $1.2 Billion

[ZMaKEa]

Okay.

So who is profiting off the 600m

His children and mother.

Damn now his family don't own his shit anymore. Mike owned 50% of SonyATV publishing I think 5 years ago they bought it back for 730M and that included The Beatles catalog.

Artists are selling their catalogs because they don't have the infrastructure to maximize their returns. They also don't have the luxury of having other income generating assets like corporations do to take a long term strategic approaching.

A lump sum of 50 million is worth more than 50 million over 10 years.

Music fans finally seeing how much music is worth and it ain't much compared to other assets.