Sony Music Group has paid at least 600 million dollars to acquire half of the music catalog of the singer Michael Jackson, the American press reported, cited by the BBC on Saturday.
If the information is confirmed, then the music catalog of the pop megastar would be worth 1.2 billion dollars.
Also, the transaction concluded by Sony would have concluded the most important acquisition ever made for the music catalog of a solo artist.
Michael Jackson, who died in 2009 aged 50, was one of the most successful pop stars of all time, selling more than 400 million records worldwide.
This figure is still disputed and could actually be much higher.
His 1982 album “Thriller” remains to this day the best-selling album of all time, according to Guinness World Records.
The “King of Pop” is also extremely popular on music streaming services, where his songs are listened to by nearly 40 million users every month on the Spotify platform.
His songs “Billie Jean” and “Beat It” have each been listened to over 1 billion times on Spotify.
A future biographical film dedicated to him, in which the main role will be played by a grandson of Michael Jackson, will certainly arouse huge interest among the public, BBC journalists note.
It also appears that the deal regarding the catalog bought by the Sony group also includes songs by other artists bought by Michael Jackson’s publishing group Mijac, which is said to contain hits by singers Ray Charles, Elvis Presley and Aretha Franklin.
The transaction was made with the Estate of Michael Jackson, which manages the affairs of the late pop star.
Artists who sell their music catalogs have come to represent an important business on the music market. Bruce Springsteen would have obtained in this way 500 million dollars, while Bob Dylan would have received up to 450 million dollars for his albums.
According to some sources, it seems that the band Queen is planning a similar transaction.
The representatives of Sony Music Group and the Estate of Michael Jackson have not responded to the invitation sent by the BBC to make statements on this topic.
Tags: music, sony, michael jackson, catalog,
Publication date: 12-02-2024 17:36
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