Sony Acquires Michael Jackson's Catalog for Record $1.2 Billion
Sony Music Group has reportedly paid at least $600 million for half of Michael Jackson's music catalogue, making his entire catalogue worth over $1.2 billion. This deal marks the biggest ever for the work of a single musician. Jackson, one of the most successful pop stars of all time, has sold over 400 million records worldwide and remains popular on streaming services. The sale also includes tracks by other artists acquired by Jackson's Mijac publishing group. Selling music back catalogues has become a financially lucrative trend among artists, with Bruce Springsteen and Bob Dylan also making significant deals.