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Sony is paying Michael Jackson’s estate $750m for the late pop star’s share of a joint music publishing venture that owns the rights to songs by The Beatles, Bob Dylan, Eminem and more.

The agreement, expected to take effect on March 31, will provide funds to help reduce the Jackson estate’s remaining $250m debt and also give the late musician’s three children more financial flexibility.

Jackson held a 50% stake in Sony ATV Music Publishing as part of a business partnership that began in 1995.

The catalogue doesn’t include any of Jackson’s own master recordings and his estate will maintain its holdings in Mijac Music, which owns all the songs written by Jackson, as well as EMI Music Publishing.

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