Michael Jackson's (@michaeljackson) estate received a green light to finalize a landmark $750 million sale of half of the late pop star’s music catalog to @sonymusic.
The catalog, valued at approximately $1.5 billion, includes Jackson’s publishing and recorded masters.
The decision, made by the California Second District Court of Appeal, overturns objections from Jackson’s mother, Katherine Jackson, who had argued that the sale contradicted her son’s wishes and that the catalog’s value would increase further over time.
The ruling upholds the preliminary decision from July 17, affirming that the estate’s executors have the authority to proceed with the sale according to Jackson’s will.
“The will gave the executors broad powers of sale, with no exception for the specific assets at issue in this case,” the court stated.
$SONY
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