The legendary king of pop Michael Jackson has a music catalog Notoriously desired by various music producers. There were years when Sony Music tried to get it, but finally, and thanks to the decision of the laws of States JoinedYou can buy the bestselling catalog and its value is the highest ever recorded.
A California appeals court has allowed Michael Jackson’s estate executors to continue selling the late King of Pop’s catalog to Sony Music Groupin a transaction expected to represent the largest valuation of an artist’s musical assets in history, estimated at between 1,200 and 1,500 million dollars.
The judgment, issued on August 21, rejected the objections filed by Catherine jacksonmother of the late singer, who had tried to block the sale, claiming it violated her son’s wishes while he was alive, as his catalog would continue to increase in value over the years if it was not sold.
However, the court concluded that the executors, John Branca And John McClaindid not violate the terms of Michael Jackson’s will by proceeding with the sale.
“The musician granted the executors broad powers of salewithout exception for the specific assets at issue in this case“, the court wrote on the day of sentencing, according to the North American portal ‘The Hollywood Reporter’.
“Therefore, the trial judge did not err in concluding that Michael’s intention was to allow the executors to sell all of the estate’s assets heritageincluding those involved in the proposed transaction.
Earlier this year, Beckloff overruled Katherine Jackson’s objections, allowing the Sony Music deal to move forward. Her mother appealed the decision, but the recent appeals court ruling reaffirmed the validity of the catalog sale. Michael jackson.
