In a groundbreaking move, Sony Music Group has reportedly finalized an agreement to purchase 50% of the late Michael Jackson's publishing and recorded masters catalog.

The deal, valued at over $1.2 billion, marks one of the largest transactions for a single musician's work in history, with Sony committing to pay at least $600 million for its stake.

A Historic Milestone in Music Industry

This deal eclipses the $1.2 billion deal sought by rock band Queen and sets a new benchmark in the music industry.

Sony's acquisition not only includes Jackson's hit songs like "Beat It" and "Bad," but also encompasses the music publishing assets within his catalog.

These assets feature songs written by iconic artists such as Sly Stone, Ray Charles, and Jerry Lee Lewis, expanding the breadth and depth of Sony's music portfolio.

Retaining Control Over the Catalog

Despite the acquisition, the Michael Jackson estate will retain a significant degree of control over the catalog, setting this deal apart from other major catalog transactions involving artists like Bob Dylan, Bruce Springsteen, and Paul Simon.

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