Sony Music Acquires Half of Michael Jackson's Catalog for $600M

Sony Music Group has reportedly purchased half of Michael Jackson's music catalog for at least $600 million, valuing the King of Pop's music at $1.2 billion, potentially the largest valuation ever of a musician's music assets. The deal includes tracks by other artists acquired by Jackson's Mijac publishing group and comes as an upcoming biopic about Jackson's life and career is set to hit the big screen. This deal marks a significant move in the music business and highlights the enduring popularity of Jackson's music, particularly in the streaming era.