This is a huge profit considering that back in 1985, MJ purchased the ATV catalog for a sum of $41.5 million. It was a smart move indeed and has paid off even after his death.
Sony Corp. announced the deal to take over Jackson's 50% stake in the joint venture that was launched in 1995 -- and owns copyrights for some of the biggest recordings in history. For instance, Sony/ATV controls "New York, New York," "Jailhouse Rock," "I Heard it Through the Grapevine," "All You Need Is Love" and "The Mission Impossible Theme."
Source: http://m.tmz.com/#article/2016/03/14/michael-jackson-sony-atv-purchased
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