Michael Jackson's Estate has finally settled its beef with the girl who played MJ's date in the famed "Thriller" video -- three years after she filed her lawsuit.
TMZ broke the story ... Ola Ray sued MJ and his production company in May 2009 -- the month before Jackson died -- claiming she hadn't been paid royalties from the legendary 1983 music video.
The former Playboy Playmate sued for breach of contract, insisting she was still owed a massive chunk of "Thriller" profits.
We don't know how much the Estate settled for -- but from what we can gather, Ola got something.
"Thriller" director John Landis has filed a similar lawsuit against the Estate. We're told both sides are still trying to negotiate a settlement.