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	<div class="breadcrumbs"><a href="https://youngmindsonline.org">Home</a> <span class="sep"> / </span> <a href="https://youngmindsonline.org/category/world-news/">World News</a> <span class="sep"> / </span> <span class="current">Sony buys out Michael Jackson music venture stake</span></div>			 <article id="post-6166" class="post-6166 post type-post status-publish format-standard has-post-thumbnail hentry category-world-news">
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                    <h1 class="entry-title">Sony buys out Michael Jackson music venture stake</h1>
                                                <aside id="meta-6166" class="entry-meta"><span class="posted-on">Posted on </span><a href="https://youngmindsonline.org/2016/03/16/sony-buys-michael-jackson-music-venture-stake/" title="12:18 PM"><time class="entry-date" datetime="2016-03-16T12:18:55+05:30">March 16, 2016</time></a><span class="by-author"> by </span><span class="author vcard"><a class="url fn n" href="https://youngmindsonline.org/author/admin/" title="View all posts by admin" rel="author">admin</a></span><span class="posted-in"> in </span><a href="https://youngmindsonline.org/category/world-news/" rel="tag">World News</a> 		</aside>
                        <img width="600" height="337" src="https://youngmindsonline.org/wp-content/uploads/2016/03/Sony-buys-out-Michael-Jackson-music.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" loading="lazy" srcset="https://youngmindsonline.org/wp-content/uploads/2016/03/Sony-buys-out-Michael-Jackson-music.jpg 600w, https://youngmindsonline.org/wp-content/uploads/2016/03/Sony-buys-out-Michael-Jackson-music-300x168.jpg 300w, https://youngmindsonline.org/wp-content/uploads/2016/03/Sony-buys-out-Michael-Jackson-music-370x208.jpg 370w" sizes="(max-width: 600px) 100vw, 600px" />                </header>
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					<p>Sony has agreed to a deal with the Michael Jackson estate to buy out the late King of Pop&#8217;s half of their Sony/ATV music publishing company. The deal, which comes 21 years after Jackson and Sony formed the joint venture, is expected to net the Jackson estate $750 million. The agreement also allows the Jackson estate to retain 10 percent of EMI Music Publishing as well as their stake in Mijac Music, which owns to rights to Jackson&#8217;s own works, and Jackson&#8217;s master recordings.<br />
The $750 million sale of Jackson&#8217;s half of Sony/ATV Music will go in part to finish paying off the massive $500 million debt the singer had accrued at the time of his death in 2009. After taxes, fees and expenses, the remaining money will be put into a trust for Jackson&#8217;s three children.</p>
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