Sony's Record-Breaking Acquisition of Michael Jackson's Catalog Worth Over $1.2 Billion

Sony has reached a blockbuster deal to acquire half of Michael Jackson’s music catalog from the star’s estate, valuing the total collection at $1.2 billion or more. This deal, likely the richest transaction ever for a single musician’s work, includes Jackson’s recorded music and songwriting rights, as well as the music publishing assets in his Mijac catalog. The estate retains control over other lucrative Jackson-related businesses, such as the Broadway musical "MJ" and Cirque du Soleil's Jackson-themed shows.