Michael Jackson's mother Katherine has lost her bid to stop a $600 million deal to sell the late King of Pop's songs to Sony Music Group.
Michael Jackson's mother Katherine has lost her bid to stop a $600 million deal to sell off his songs.
The executors of the late King of Pop's estate - John Branca and A R executive John McClain - who also run the family's trust announced plans to sell off a portion of Jackson's tracks to Sony Music Group back in 2022 but the plan was met with resistance from Katherine, 94, who filed a number of objections insisting the sale would be contrary to her son's wishes.
However, a Los Angeles appeals court has now ruled the sale can go ahead declaring Katherine's objections "lack merit".
In paperwork filed in Los Angeles on Wednesday (21.08.24) - and obtained by PEOPLE - the ruling declares: "The will gave the executors broad powers of sale, with no exception for the specific assets at issue in this case.
"As such, the probate court did not err in concluding that it was Michael’s intent to allow the executors to sell any estate assets, including those at issue in the proposed transaction ... all of the estate’s assets will be distributed to the trust".
The late singer's millions are handled by the Michael Jackson Family Trust and the beneficiaries believed to be his three children Prince, 27, Paris, 26, and 22-year-old Bigi, also known as Blanket, as well as a number of charities.
Katherine is a beneficiary of a sub-trust, which allows the trustees to pay for her "care, support, maintenance, comfort and well-being".
She previously claimed the singer - who died aged 50 in 2009 after suffering a drug overdose - had wanted to keep the estate's assets in the family.
It comes after a report suggested the 'Thriller' star was more than $500 million in debt at the time of his death.
Documents seen by PEOPLE revealed Jackson - well-known for his extravagant spending habits - owed hundreds of millions of dollars in unpaid debts and was busy writing new songs and preparing for a residency at The 02 in London in a bid to bring his financial troubles back under control.
On the same day that Glastonbury welcomed back Margate's adopted sons, The Libertines, Margate itself put on it's very own Leisure Festival as it...
Sheffield's very own all girl group Pretty Fierce are still on a high after the recent release of their debut single - 'Ready For Me'.
Three nights before the end of his current tour Will Varley returned to his home town of Deal to delight a sold out crowd in The Astor Theatre.
With only a few days to go before Portsmouth based songstress and producer WYSE releases her new single, 'Belladonna', we caught up with her to find...
Colorado raised, Glasgow educated and Manchester based Bay Bryan is nothing if not a multi-talented, multi-faceted artist performing as both...
Former Marigolds band member Keelan Cunningham has rediscovered his love of music with his new solo project Keelan X.
Wiltshire singer-songwriter Luke De Sciscio, formally known as Folk Boy, is set to release is latest album - 'The Banquet' via AntiFragile Music on...
Since no one will ever see the epic show, the next best thing is this...