Categories
Old Blog

Fired, the Superlawyer Returns to Bail Jackson Out — for a Price | TheWrap.com

Thus, in 1995, Branca pulled off another coup: Sony/ATV Music Publishing. Jackson owned half of a much larger company, and pocketed a $150-million check from Sony. If Branca were entitled to 5 percent, his take totaled $7.5 million.

Sony/ATV’s repository of 750,000 songs, from Elvis Presley to Eminem to Bob Dylan, is the smallest of the four major publishers, behind EMI Music, Universal Music Group and Warner’s Music/Chappell.

Estimates of its value range from $1.6 to $2 billion, and in recent years it generated operating cash of $100 million to $130 million a year, according to the New York Times.The publishing income alone, which Sony and the Jackson estate divvy up, should acount for tens of millions a year in estate income — as it used to for Jackson.

via Fired, the Superlawyer Returns to Bail Jackson Out — for a Price | TheWrap.com.

Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s