You know that exactly 0.3 seconds after that headline was released to the world, all four Jacksons in the picture above received a “Hey, what’s up?” text from cash-sniffing bloodhound Jermaine Jackson.
Last year it was reported that Michael Jackson’s Estate has made $2 billion since moonwalking his way up to Heaven back in 2009. Now TMZ is saying we can go ahead and change that number to “nearly $3 billion.” Sony has recently announced that they’re buying Michael Jackson’s share of Sony/ATV Music Publishing for $750 million. Since MJ is dead, all the money goes to his estate, which benefits his children, Prince, Paris, and Blanket Jackson, and his momma, Katherine Jackson.
The reason for that huge-ass payout is because Michael Jackson owned 50% of Sony/ATV. That’s also where that whole “Michael Jackson owns The Beatles’ music catalog” thing came from. Not only did MJ make money off The Beatles, but he also owned 50% of the publishing rights to many other famous songs, including “New York, New York“, “Moon River“, “Jailhouse Rock“, and the Mission: Impossible theme. Sony/ATV has gone on to become the largest music publishing company in the world, so it makes sense that they wouldn’t want to keep handing over half of their profits to a person who has been dead for almost 7 years.
Along with a $750 million check, Michael Jackson’s estate will also get to keep all the songs he wrote and a bunch of others that he purchased while he was still alive.
Obviously at least a third of that money should be reinvested into La Toya Jackson’s…whatever she wants it for, really (don’t ask questions). But whatever is left over should be used to spend as they wish. Since Sony/ATV just turned the Jackson kids from “fucking super rich” to “really fucking super rich“, I think they should use some of that cash to change their names to reflect that. Prince Michael should change his to King, Paris can upgrade to France, and Blanket can now go by Cashmere Throw.