It seems as if Katherine Jackson, mother of the late Michael Jackson, just canβt win when it comes the legal dispute between her and her sonβs estate. And thanks to a recent court ruling, it looks she definitively wonβt.
For context and as previously reported by The Root, Katherine had been fighting against the co-executors of the estate in objection to their decision to βsecretlyβ sell half of the late singerβs music catalogβfor a whopping $600 millionβto Sony Music Group back in February. By the beginning of summer, a probate court came to a tentative decision to reject her appeal, citing the fact that it had βno merit,β thereby allowing the estate to move forward with the sale.
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Now, in new court documents filed on Wednesday, a Los Angeles appeals court (a higher court than the previous one) decided to uphold the prior ruling, essentially handing the estate the ultimate win and paving the way for the sale to be finalized. Per the LA Times, the courtβs decision was based off the determination that the King of Popβs will gave the executors βbroad powers to buy and sell estate assets in the estateβs best interestsβ but it made it clear that βall of the estateβs assets will be distributed to the trust.β Katherine and Michaelβs three children Paris, Prince, and Bigi are all beneficiaries to that trust.
The LA Times has more:
The appeals court also rejected Katherine Jacksonβs challenge on grounds that she βforfeited her contention that the proposed transaction violates the terms of Michaelβs will because she did not make that contentionβ in a lower court.
According to court documents, Katherine Jackson had previously complained that selling assets from Michael Jacksonβs catalog would violate her sonβs wishes, but acknowledged that executors had the power to do so. The appeals court also noted that Katherine Jackson was the only family member and beneficiary of the trust to formally object to the sale
βThe proposed transaction is consistent with the terms of Michaelβs will as so interpreted, and thus the probate court did not abuse its discretion by granting the executorsβ petition,β the documents read.
As valued by Billboard, the estate rakes in about $75 million each year. Assets include: ownership of master recordings, publishing for Jacksonβs share of his songs, his Mijac publishing catalog (home to hits from Sly & the Family Stone, Jackie Wilson and more), merch revenue, and royalties from theatrical shows like βMJ: The Musical.β
In the landmark deal with Sony Music Group, the company is to receive all of the aforementioned assets except for the royalties from the Broadway play and any other theatrical production featuring his songs.
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