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Sony Music Group

All articles tagged with #sony music group

music-business1 year ago

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.

entertainment1 year ago

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.