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Sony Music Group Acquires Stake In Michael Jackson's Music Catalog, Deal Speculated To Be Valued At Over $1.2B

Michael Jackson’s catalog continues to stand the test of time. As AFROTECH previously told you, it had been rumored that there would be a sale of the late singer’s timeless hits. The deal was projected to set a new standard in the music industry. There’s no need for speculation anymore as Sony Music Group has completed the sale of the music catalog, Billboard reports. The deal is said to include 50% of Michael Jackson‘s publishing and recorded masters catalog. What’s more, the assets are speculated to be valued at between $1.2 billion and $1.5 billion, sources close to the matter have said, according to the outlet. Sony Music Group will reportedly pay at least $600 million for its stake in Jackson’s rights. Based on Billboard’s report, the agreement “does not include royalties from the Broadway play and other theatrical productions featuring Jackson’s music.” The Broadway play the outlet is referring to is “MJ the Musical.” Sony’s interest in the legacy Jackson left behind isn’t...

Feb 10, 2024

Was This Short-Lived Children's Album The Reason Michael Jackson Gained Ownership Of His Masters Early On In His Career?

As one of the greatest entertainers to have graced this earth, Michael Jackson always remained in a league of his own.

Dec 14, 2023

Why The Late Michael Jackson Fired His Management Team After The Release Of 'Thriller'

Back in 1982, Michael Jackson took the music industry by storm with the release of his sixth studio album, “Thriller.” The late legend’s 34x-platinum album, NME reports, not only became his highest-selling project but also created an influence that is still heard in today’s music. However, the process of recording “Thriller” was reportedly an uphill battle for Jackson that led to major changes in his artistry.

Feb 23, 2023

Michael Jackson's Estate To Reportedly Sell Music Catalog  For An Estimated $800-$900M

Even in the afterlife, Michael Jackson continues to make history.

Feb 8, 2023

Michael Jackson's Estate Seeks To Recover $1M In Stolen Property

If you think about pop music, one name typically comes to mind — Michael Jackson. From his iconic outfits to his timeless music, the title of the King of Pop is well deserved. Unfortunately, this mammoth of a musical gift departed this earth on June 25, 2009. Since then, the Jackson Estate has faced some challenges that were finally settled after some IRS disputes in 2021. However, that settlement did not resolve the recovery of the alleged stolen property once Jackson passed away.

Nov 9, 2022

SWV On Michael Jackson Clearing The Sample ‘Human Nature:' 'We Were One Of The First Artists Who He Allowed To Use His Sample'

It’s one thing to get a nod of approval from a musical mastermind, but to have them clear an entire song for free is truly next level. Legendary girl group Sisters with Voices, or SWV, first hit the music scene in 1988 as a gospel group. When the 1990s hit, they soon became one of the most successful R&B groups of the decade, thanks to hits like “Weak,” “I’m So Into You,” and “You’re the One.”   View this post on Instagram   A post shared by SWV (@officialswv)

Sep 23, 2022

Akon Fulfills His And Michael Jackson's Plan To Open Schools In Africa By Naming Akon City's Educational District After The Pop Icon

If there’s one thing that we love about the Internet, it is its ability to share information that would otherwise have never seen the light! This time, Akon let the world in on a big secret — he and the King of Pop were planning to open music-focused schools in Africa ahead of his untimely death in 2009. That’s right, the Senegal native and Michael Jackson had big dreams of collaborating in a huge way to bless students on the continent.

Sep 9, 2022

How Michael Jackson's Attorney Played A Part In Master P's Success — 'He Told Me He Would Talk With Me If I Gave Him $25K'

If there’s one person who we can consistently learn from when it comes to making smart business moves, it’s Percy Miller. Miller, known to the culture as Master P, cemented a place in Hip-Hop for himself through his No Limit Soldier movement in the early 90s. Since then, he has also solidified himself as a renowned businessman as the founder of No Limit Records, the CEO and founder of P. Miller Enterprises, the creator of Rap Snacks, and much more. After inheriting $10,000, following medical malpractice that led to the death of his grandfather, Master P used the funds to invest in not only himself but his family. He made the decision to take his music dreams all the way by eventually relocating from his home of New Orleans, LA to California.

Jul 25, 2022

Three Of Michael Jackson's Tracks Have Been Removed From Streaming Services Due To Claims Of 'Fake' Vocals

No matter the generational differences between music fans, one thing that is rarely disputed is Michael Jackson’s place and influence in music. As the revered King of Pop, fans are serious about preserving his legacy and honoring the rich musical history associated with his work. Fans have leveled up their fandom by working on getting some of his music removed from streaming services.

Jul 7, 2022

Jackson Family Values: How Each Of Michael Jackson's Siblings Are Financially Faring Today

When people think of the Jackson family, they automatically think of Janet Jackson, Jermaine Jackson, and of course, the late great Michael Jackson. But more than just producing these pop icons, Joseph and Katherine Jackson of Gary, IN forever changed the pop culture landscape. They brought to light the predatory nature of the music industry and protected their own against all interlopers. In so doing, the Jackson family became an unstoppable force. Despite the problems that Michael Jackson, especially, seemed to have with his father, he eventually forgave him and proclaimed an annual “Joseph Jackson Day” at Neverland Ranch. As Michael would later explain during an emotional speech at Carnegie Hall in 2001, his father was the product of the Great Depression and the Jim Crow era of the United States. And these traits hardened him emotionally. But, despite this, he did his best to give his children the best the world had to offer and did it in the face of all the detractors who said...

Here's How Michael Jackson's Kids Are Maintaining His Multi-Million Dollar Legacy — And Obtaining Their Own

Michael Jackson wasn’t just an entertainer. He was a legacy and a legend — the likes of which we will never see in our lifetimes again. But when he died, the affairs of his estate were a bit contentious. According to the Associated Press, Jackson’s estate was worth $482 million when he passed in 2009. However, the estate hotly contested that value — mostly because of the estate bill that was prepared that was “far too high” for the heirs. Ultimately, in May 2021, Judge Mark Holmes ruled that the Michael Jackson estate was worth $111 million. The ruling in the estate’s favor in May 2021 means that the IRS must recalculate the taxes owed, and this time, they must not include any penalties or fees. The heirs in question — sons Michael Joseph Jackson Jr. and Prince “Blanket” Jackson II, and daughter Paris — however, are set for life. According to Life & Style Magazine, each of the children receives an $8 million allowance yearly. When the children turn 33, they will each acquire equal...

Here's A Look At How The Legendary Michael Jackson's Estate Has Grown Over The Years

When mentioning the term “legacy,” the name Michael Jackson most likely follows. Unfortunately, we are only left with his legacy — and what a legacy it was. Throughout his lifetime, Jackson became the undisputed King of Pop. He is one of the best-selling artists of all time, with an estimated 400 million units in sales. He has earned 15 Grammy Awards, a Juno Award, six Brit Awards, a Golden Globe Award, and 39 Guinness World Records, including the “Most Successful Entertainer of All Time.” And he’s also one of the only musicians to ever be inducted into the Rock’n’Roll Hall of Fame twice (once as a member of The Jackson Five, and once as a solo artist). Yet, today, the Michael Jackson estate puts out little, if anything, about one of the greatest musicians of all time. Why? “Given how much has been done in the first decade following Michael’s tragic and untimely passing, it should not be a surprise that there is a natural slowing and spreading out of major releases as the Estate...