This means that Sony Corp. will take the complete control of the Sony/ATV music publishing company that began as a joint² venture between Sony and Michael Jackson 21 years ago.

 

Through the agreement, Sony will then have a sole ownership of works by The Beatles, Bob Dylan and other hit musicians, including Eminem and Taylor Swift.

 

Moreover, the agreement is another blockbuster deal the late singer's estate signed to erased³ the singer's massive debts, as well as benefit his mother and three children.

 

Jackson purchased the ATV portion of the catalog in 1985 for 41.5 million U.S. dollars which he later merged⁴ it with Sony. 

It remained the singer's most lucrative asset at the time of his death in June 2009, though by that point he was hundreds of millions of dollars in debt.

 

The sale this time does not include rights to Jackson's master recordings⁵ or songs that he wrote, and the singer's estate will continue to have a stake in EMI Publishing, Inc.

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