What has happened?
he entertainment industry’s bible Variety reported this week that the estate of Michael Jackson was close to agreeing a sale of half its interests in the singer’s music catalogue. Sony and a financial partner are set to acquire the half-stake in Jackson’s publishing and recording catalogues, in a deal worth around $800m-$900m, the magazine reported – making it by far the biggest deal ever in music rights. Sony previously acquired Bruce Springsteen’s publishing and recording catalogue for a reported $500m, and paid a reported $150m-$200m for Bob Dylan’s recorded music catalogue. The music giant, and
