US EditionSony Music Buys Stake in Michael Jackson Catalog, Valuing Rights at Over $1.2B
- Sony Music Group has reportedly paid at least $600 million for half of Michael Jackson's catalogue, making it the biggest deal ever for the work of a single musician.
- The deal also includes songs by other artists acquired by Jackson's Mijac publishing group, such as hits by Ray Charles, Elvis Presley, and Aretha Franklin.
- This acquisition adds to Sony Music Group's history of large catalog sales, including rights to Bruce Springsteen and Bob Dylan, and follows a trend of artists selling their back catalogues for substantial sums.
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Sony repeatedly buys the rights to the complete works of famous singers for hundreds of millions. The Group is now said to have entered into a record deal with the estate administrators of the “King of Pop.” However, this only concerns half of the rights.
Coverage Details
Total News Sources28
Leaning Left4Leaning Right4Center6Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 29%
C 43%
R 29%
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