In September 2016, Sony and the Jackson estate reached a landmark agreement that saw Sony acquire the Jackson estate’s stake in Sony/ATV in a deal valued at around $750 million. Sony/ATV is a joint venture between Sony and the Jackson estate that owns the rights to a large catalogue of songs, including those of Michael Jackson.

The agreement saw Sony acquire the Jackson estate’s 50% stake in Sony/ATV, giving Sony full ownership of the company. The Jackson estate, however, retained its ownership of Mijac Music, which holds the rights to Michael Jackson’s songs and master recordings. The revenue from the sale of the Jackson estate’s stake in Sony/ATV will be placed in trust for Jackson’s children.

The deal was seen as a win-win for both parties. Sony was able to gain full ownership of Sony/ATV, while the Jackson estate was able to receive a large sum of money for its stake in the company. The money will be used to provide for Jackson’s children and ensure their financial security.

While Michael Jackson no longer owns Sony/ATV, he still retains ownership of Mijac Music, which holds the rights to his songs and master recordings. This means that Michael Jackson still has a stake in the music industry, albeit a smaller one than before.

Overall, the deal between Sony and the Jackson estate has been beneficial for both parties. Sony has gained full ownership of Sony/ATV, while the Jackson estate has received a large sum of money for its stake in the company. Michael Jackson may no longer own Sony/ATV, but he still retains ownership of Mijac Music, which holds the rights to his songs and master recordings.

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