black people and money

Sony buys Michael Jackson’s vast catalog of music: Was it a rip-off?

Sony buys Michael Jackson’s vast catalog of music: Was it a rip-off?

The late Michael Jackson was, among other things, an astute investor. More than 30 years ago, he purchased an incredibly valuable music catalog that only served to grow in value over time. After his death, Sony purchased the catalog for a cool $750 million dollars.

Was this a good deal for Michael’s family, or a bad one? In this video, Erica Thompson from Take Note discusses the transaction and all relevant questions to help us understand what it means and who benefits.

Take a listen.

  • black people and money

    FJT aims to be the information hub that empowers Black wealth creation. We are behind FJT's fresh & insightful content that helps you think, learn, laugh, and move towards action to create a stronger Black community.

    More in black people and money

    Read How One NFL Player Is Saving 90% Of His Pay

    sgreyJune 22, 2017

    Kerry Washington Encourages Women To Become Financially Literate

    sgreyJune 19, 2017

    LeBron James Gives $2.5 Million To National Museum Of African-American History and Culture

    sgreyJune 18, 2017

    Dr. Dre Donates $10 Million For A New Performing Arts Complex In Compton, Ca

    sgreyJune 18, 2017

    Daymond John Says Quitting Your Job Is The Worst Thing You Can Do

    sgreyJune 15, 2017

    Guess How Much Someone Spent For A Pair Of Game 5 NBA Finals Tickets

    sgreyJune 14, 2017