Sony Buys Stake In Michael Jackson's Catalog For $600 Million
Sony Music Group has finalized a deal to acquire a 50% stake in Michael Jackson's music catalog for $600 million, Billboard reported Friday.
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Sony Music Group has finalized a deal to acquire a 50% stake in Michael Jackson's music catalog for $600 million, Billboard reported Friday.
Sony has agreed to acquire half of Michael Jackson ’s catalogue from the star’s estate in what is probably the richest transaction for a single musician’s...
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The deal, which has been gossiped about in the music industry for months, is said to involve Sony purchasing a 50% stake in Jackson's recorded music and songwriting catalogs. That includes not only the estate's share of megahits such as "Beat It" and "Bad," but also the music publishing assets that are part of Jackson's Mijac catalog, among them songs written by Sly Stone and tracks made famous by artists such as Ray Charles and Jerry Lee Lewis.
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