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.

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