SONY Acquires MJs Estate EMI Publishing for 287.5 Million

Suzie

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MJS ESTATE STILL OWNS MIJAC WICH INCLUDES HIS PUBLISHING AND OTHER ARTIST AS WELL. THEY ALSO OWN THE RIGHTS, LICENSE, ETC TO HIS IMAGE, LIKENESS, ETC

MJS ESTATE HAS MADE 1.037 BILLION FROM PUBLISHING ALONE IN THE LAST 3 YEARS.

SINCE SONY IS HAPPILY BUYING UP EVETYTHING THEY SHOULDVE GOTTEN NO LESS THAN 1.5 BILLION TOTAL FOR BOTH.



Sony Completes Acquisition of Michael Jackson Estate's Share of EMI Music Publishing

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In announcing its financial results, the Sony Corp. revealed that it had acquired Michael Jackson’s estate share of EMI Music Publishing, paying it a total of $287.5 million.

That was apparently the first step in completing its pending acquisition of EMI Music Publishing from a consortium of investors, which still has to be vetted by governmental regulatory agencies before the deal can proceed. Sony is still in the process of filing the paper work for the proposed acquisition, according to sources, so the process of scrutinizing the deals impact on potential anti-trust issues has yet to begin, they say.

As it is, Sony has agreed to pay $2.3 billion to acquire EMI, as well as assume EMI’s debt of $1.359 billion. With Sony and Jackson’s share valued at $1.091 billion that gives EMI Music Publishing a valuation of $4.75 billion.



READ MORE
European Regulators Greenlight Sony/ATV Deal



The Jackson estate held a 9.84% interest in EMI; or a 25.1% stake of the piece owned by Sony and the Jackson estate, which means that without putting up any money in the deal, by virtue of its stake in Sony/ATV, the Jackson estate received $287.5 million, not a bad return on a zero dollar investment.

While the Jackson estate is overseen by both music industry executive John McClain and lawyer John Branca, it is the latter, a partner in the law firm of Ziffren Brittenham LLP, who likely gets credit for making the shrewd publishing deals on behalf of the estate.



READ MORE
Sony Finalizes Acquisition of Michael Jackson Estate's Stake in Sony/ATV Publishing



Prior to this deal and before EMI Music Publishing came up for sale, the Jackson estate had sold its share of Sony/ATV in 2016 and received $750 million in cash, which means that the Jackson estate has made over $1 billion since it has unwound its interest in those publishing assets.

When Sony completes its acquisition—if it gets the regulatory approval that is—EMI Music Publishing will become a wholly owned subsidiary of Sony Corp, and will likely remained merged into Sony/ATV.
 

ORDER_66

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Man all that shyt should be going immediately to his 3 fukking kids... that's it... 1 billy in funds and they want to SELL shyt off for cash... it's worth a fukking billy mike still gets royalties, leave it alone!!!! :mindblown: you outlast the corporations don't let them buy anything from you unless it's for a billion.. if they can't pay up fukk em!!!:stopitslime:

EDIT: MAtter of fact if you can't pony up your entire music companies valuation CASH to buy the publishing then no deal!!! :camby:
 
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Paper Boi

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:snoop: Michael had these motherfukkers by the nuts... then you die and things are left up to your "estate". :wtb:

an estate overseen by a music industry exec no less...

"While the Jackson estate is overseen by both music industry executive John McClain"


i'm sure there is no conflicts of interest there. :jbhmm:
 

Suzie

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This is why you leave stuff the smartest person you know and not the person you feel should have it.
Hmmm you may not know what you’re talking about. This isn’t MJs music and was acquired after he died. It’s a win but they could’ve gotten more. Sony/ATV should’ve never been sold.

an estate overseen by a music industry exec no less...

"While the Jackson estate is overseen by both music industry executive John McClain"


i'm sure there is no conflicts of interest there. :jbhmm:
John BRANCA and MCCLAIN run the estate
Didn't this happen last year with the Sony/ATV buyout?
Yes. Sony is buying up tons of publishing.
 

Pimp

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Hmmm you may not know what you’re talking about. This isn’t MJs music and was acquired after he died. It’s a win but they could’ve gotten more. Sony/ATV should’ve never been sold.


John BRANCA and MCCLAIN run the estate

Yes. Sony is buying up tons of publishing.

I thought this was the publishing he bought of other artist.. Oh well who cares if not
 

Suzie

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I thought this was the publishing he bought of other artist.. Oh well who cares if not
Yes it is! I thought you were saying they sold his stuff. He still own other artist publishing in MIJAC

I agree they shouldn’t sell though
 
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