Sony Music buys half of Michael Jackson's catalog
Sony acquired half of the artist's publishing and recorded masters catalog and paid a whopping $600-million.
Sony Music Group has acquired half of Michael Jackson's publishing and recorded masters catalog.
According to several media publications, the music group paid a whopping $600-million.
According to Billboard, the musician's entire catalog is worth Over $1.2-billion.
Variety first revealed that negotiations were underway for Michael Jackson's catalog last year.
The publication said the deal is the biggest for a single music artist’s assets to date.
'Jackson deal, which closed late last year, is at a bigger valuation than the $1.2 billion that Queen is currently seeking,' reports Billboard.
READ: Michael Jackson's 'Thriller' album records 600th week on Billboard chart
Jackson, who was born on 29 August 1958, died on 25 June 2009.
Over a decade after his passing, his music continues to sell.
The singer, songwriter, and dancer sold one-million album units in 2022.
Last year November, his 'Thriller' album made history by spending 600 weeks on the Billboard chart since its release more than 40 years ago.
Image courtesy of YouTube screenshot.