Michael Jackson estate set to sell music catalog for $900 million
WIBC 9AM-Noon Podcast
WIBC
4.6 • 1.2K Ratings
🗓️ 8 February 2023
⏱️ 6 minutes
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| 0:00.0 | The Michael Jackson estate is in the process of selling half of their interests |
| 0:06.0 | into the singer's music catalog. It's a deal that could be worth between 800 and 900 |
| 0:13.2 | million dollars. Yeah so my question to you and this is because we are for some reason there's |
| 0:18.9 | just been a slew of these that have taken place and I don't know if this is because these artists |
| 0:24.9 | the case of the ones who are still living are getting older and they say I want to be involved |
| 0:29.0 | in the sale of this because it's my music I wanted to wear it goes I want to have a say over it |
| 0:33.7 | rather than and take care of it while I'm living so my children don't have to do it. We saw Dylan |
| 0:38.5 | did it. Genesis has done it. Bruce Springsteen has done it. Part of Taylor Swift's early stuff has |
| 0:45.1 | been sold. Yep. This would by far be the most ever paid. I think Springsteen has the previous record |
| 0:51.5 | at 600 million but this would I mean just dwarf that. Yeah. Yeah I was looking to see because |
| 0:58.0 | Bob Dylan's was between 150 and 200 and you're right Springsteens was 600 so if Michael and they're |
| 1:05.8 | not even talking about selling the entire catalog. That's like 50% of it. Yeah 50%. Here's my |
| 1:11.1 | question half a catalog. Well this would be my question to you because you obviously have worked |
| 1:15.1 | in the business side of radio longer than I have. How do you monetize a $900 million investment? |
| 1:24.4 | Like is there that much money in using music for commercials or movies or like where is the |
| 1:32.1 | monetization at in a deal like this that can't be that much in films and whatever I mean is it |
| 1:41.5 | to the Spotify's and the terrestrial radio. I mean. Radio. How do you make your money that have |
| 1:47.4 | to pay BMI and ASCAP fees? Yeah I don't know. And does Michael Jackson music still get played that much |
| 1:54.5 | that it's worth between $800 and $900 million. What a great question. So that's even better right |
| 2:00.4 | because okay you think about what Michael Jackson songs do you hear on the radio regularly? |
| 2:05.5 | Obviously beat it. Billy Jean. Yeah. I'm going to be starting something. Yeah. The |
| 2:11.5 | smooth criminal. Don't stop till you get enough. Well isn't the alien. Was it Adam Ante or |
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