Half of Michael Jackson's catalog sold to Sony Music
Updated | By Poelano Malema
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 estate eyeing near-$1bn sale of music rights: report
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.
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