Court Approves $600M Sale of Michael Jackson's Catalog to Sony

Michael Jackson's estate wins legal battle against his mother, allowing the sale of half his music catalog to Sony Music.

The California appeals court ruled that the executors of Jackson's estate have broad powers to sell assets.
Katherine Jackson's objections to the sale were overruled, affirming the executors' authority.
The deal involves Sony purchasing 50% of Jackson's publishing and recorded masters for $600 million.
This transaction is one of the largest music catalog sales in history, valuing Jackson's catalog at $1.5 billion.
The estate's executors emphasized that the sale is a strategic business decision, not a liquidation of assets.