All articles tagged with #sony music
Originally Published 4 months ago — by The Hollywood Reporter
Jack White is selling a stake in his music catalog, including works with The White Stripes, his solo projects, and bands like The Raconteurs and The Dead Weather, to Sony Music, with the deal closing earlier this summer. The specifics of the stake and payment are undisclosed, but White retains control of his recordings and the deal does not include future works.
Originally Published 1 year ago — by BBC.com
Sony Music is in talks to purchase Queen's music catalogue for up to $1 billion, which would include hits like "Bohemian Rhapsody" and "We Will Rock You." The deal, if finalized, would be the largest of its kind, surpassing previous high-value acquisitions like Bruce Springsteen's catalogue. Negotiations are ongoing and may not result in a sale.
Originally Published 1 year ago — by Variety
Sony Music Group has acquired half of Michael Jackson’s publishing and recorded masters in a deal valued at around $1.2 billion, making it the biggest deal for a single music artist’s assets to date. The complex transaction includes assets from Jackson’s Mijac publishing catalog, but does not include royalties from the “MJ” Broadway musical and other theatrical productions featuring the musician’s music. Sony's acquisition of Jackson's catalog adds to its ownership of the world’s largest music publishing company.
Originally Published 1 year ago — by Billboard
Sony Music Group has acquired a stake in Michael Jackson's publishing and recorded masters catalog, valuing the rights at over $1.2 billion, with sources suggesting it could be as much as $1.5 billion. The deal, likely worth at least $600 million, includes non-Jackson-authored songs in his Mijac publishing catalog, as well as iconic songs by other artists. Jackson's music assets are estimated to earn about $75 million annually, and his popularity is growing, with increasing sales and streams. The deal adds to Sony's previous acquisitions, driving the total amount paid to the Jackson estate past the $2 billion mark.
Originally Published 2 years ago — by Billboard
A victim of R. Kelly's sexual abuse has been granted priority access to the singer's Sony Music royalty account, valued at $1.5 million in 2020, to pay off a $4 million judgment against him. The Illinois Supreme Court ruled that Heather Williams should be given priority over Midwest Commercial Funding, a property manager that won a separate $3.5 million ruling against Kelly over unpaid rent at a Chicago studio. Kelly's attorney is seeking to overturn the underlying $4 million judgment, but it's unclear whether Williams will enjoy similar priority over additional monetary penalties that Kelly owes to victims as a result of his federal criminal convictions.