Michael Jackson's $1.5B Catalog Lands Court Approval For Sale — 'Thriller' For Sony
Michael Jackson's $1.5B Catalog Lands Court Approval For Sale — 'Thriller' For Sony
Michael Jackson's estate received a green light to finalize a landmark $750 million sale of half of the late pop star's music catalog to Sony Group Corp.'s (NYSE:SONY) Sony Music.
迈克尔·杰克逊的遗产获得了绿灯,最终完成了一项具有里程碑意义的7,5000万美元的交易,出售已故流行明星一半的音乐目录给索尼集团(纽交所: 索尼)的索尼音乐。
The catalog, valued at approximately $1.5 billion, includes Jackson's publishing and recorded masters, Music Business Worldwide reported.
这份目录价值约为15亿美元,包括杰克逊的出版物和录制大师作品,Music Business Worldwide 报道。
The decision, made by the California Second District Court of Appeal, overturns objections from Jackson's mother, Katherine Jackson, who had argued that the sale contradicted her son's wishes and that the catalog's value would increase further over time.
加州第二区上诉法院做出的这一决定推翻了杰克逊的母亲凯瑟琳·杰克逊的异议,凯瑟琳曾表示该交易违反了她儿子的意愿,并且认为目录的价值将随时间进一步增加。
The ruling upholds the preliminary decision from July 17, affirming that the estate's executors have the authority to proceed with the sale according to Jackson's will.
该裁决支持7月17日的初步裁决,确认遗产执行人有权依据杰克逊的遗嘱继续进行出售。
"The will gave the executors broad powers of sale, with no exception for the specific assets at issue in this case," the court stated. "The probate court did not err in concluding that it was Michael's intent to allow the executors to sell any estate assets."
法院表示:“遗嘱赋予了执行人广泛的出售权,对于此案中涉及的特定资产没有例外。” “法院未在得出结论时犯错,认为迈克尔打算允许执行人出售任何遗产资产。”
Strategic Decision
战略决策
Initially reported in February, the deal sees Sony acquiring 50% of Jackson's music catalog, valued at $1.5 billion.
这项交易最初于二月报导,意味着索尼正在收购占价值15亿美元的杰克逊音乐目录中50%的份额。
Priced at $750 million, the transaction exceeds the $1.31 billion valuation of Queen's catalog, which Sony Music also purchased.
这笔价格为7,5000万美元的交易超过了女皇乐队目录的价值13.1亿美元的估值,索尼音乐也将其购入。
The court assured that this transaction represents a strategic business decision rather than a mere asset liquidation. "The proposed transaction is not a gift or distribution of estate assets — it is an asset sale."
法院保证这笔交易代表着战略性的业务决策,而不仅仅是资产清算。"拟议的交易不是给予或分配财产资产,而是资产出售。"
The executors, John Branca and John McClain, also stressed that Katherine Jackson has received over $55 million in support since Michael Jackson's death in 2009.
执行人员约翰·布兰卡和约翰·麦克莱恩还强调,自迈克尔·杰克逊于2009年去世以来,凯瑟琳·杰克逊已获得超过5500万美元的支持。
Sony's business relationship with Michael Jackson began in 1995 with the acquisition of half of ATV Music, which included rights to a vast catalog, including songs by The Beatles.
索尼与迈克尔·杰克逊的业务关系始于1995年,当时收购了ATV音乐的一半股权,其中包括了一大批目录,包括了披头士的歌曲。
- Over 200 Artists, Including Billie Eilish And Katie Perry, Demand AI Respect For Music Rights
- 包括比莉·艾利什和凯蒂·佩里在内的200多位艺人要求人工智能尊重音乐权益
Image credits: Ralf Liebhold on Shutterstock.
图片来源:shutterstock上的Ralf Liebhold