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Sony Deal

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entertainment1 year ago

"Legal Battle Erupts Over Michael Jackson's $600 Million Catalog Deal"

Lawyers for Katherine Jackson argued in court that the estate co-executors should be held in contempt for finalizing a $600 million deal with Sony for Michael Jackson's music assets while she's still appealing a ruling on the matter. The judge, however, ruled that the executors had the authority to proceed with the deal, but would be personally liable if their actions led to lawsuits. The estate maintains that the deal allows them to retain control over Michael's music and legacy, while diversifying their assets. The probate case is still open due to unresolved issues, including a tax dispute and revived lawsuits from two of Jackson's molestation accusers.