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		</div><p>Michael Jackson&#8217;s estate has sold its interest in a massive music catalogue to Sony for $750m (€673.8m).</p>
<p>Sony and Jackson&#8217;s estate announced the sale of the Sony/ATV catalogue in a joint press release.</p>
<p>Jackson&#8217;s estate owned a half share of the catalogue, which includes the works of artists such as The Beatles and Bob Dylan.</p>
<p>The press release said Jackson purchased the ATV portion of the catalogue for $41.5m in 1985.</p>
<p>The sale does not transfer to Sony ownership of Jackson&#8217;s master recordings or rights to songs the King of Pop wrote.</p>
<p>Jackson&#8217;s estate benefits his mother and three children.</p>
<p>The Sony/ATV catalogue represented one of Jackson&#8217;s greatest assets when he died in June 2009 at the age of 50, although the singer was deeply in debt at the time.</p>
<p>Sony will also take ownership of works by Eminem and Taylor Swift.</p>
<p>The deal is another posthumous blockbuster deal for Jackson, whose estate has erased the singer&#8217;s massive debts through a mixture of new music and movie ventures and re-releases of the singer&#8217;s most popular music.</p>
<p>Sony president and chief executive Kazuo Hirai said: &#8220;This agreement further demonstrates Sony&#8217;s commitment to the entertainment businesses and our firm belief that these businesses will continue to contribute to our success for years to come.&#8221;</p>
<p>The co-executors of Jackson&#8217;s estate, lawyer John Branca and music executive John McClain, said: &#8220;This transaction further allows us to continue our efforts of maximising the value of Michael&#8217;s estate for the benefit of his children.</p>
<p>&#8220;It also further validates Michael&#8217;s foresight and genius in investing in music publishing.&#8221;</p>
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