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Nairaland Forum / Entertainment / Michael Jackson's Catalog Worth $1.2B Sold In Record Deal To Sony Music Group (1431 Views)
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Michael Jackson's Catalog Worth $1.2B Sold In Record Deal To Sony Music Group by FactsZoneAfrica: 11:46am On Mar 08 |
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. Continue Reading Here: https://africafactszone.com/michael-jackson-catalog/
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Re: Michael Jackson's Catalog Worth $1.2B Sold In Record Deal To Sony Music Group by SadiqBabaSani: 11:49am On Mar 08 |
Michael Jackson made, used and killed by the mafiaso |
Re: Michael Jackson's Catalog Worth $1.2B Sold In Record Deal To Sony Music Group by iamtardey: 11:56am On Mar 08 |
Mj … Sony won’t let him |
Re: Michael Jackson's Catalog Worth $1.2B Sold In Record Deal To Sony Music Group by ERockson: 12:14pm On Mar 08 |
Number 1 music legend 1 Like |
Re: Michael Jackson's Catalog Worth $1.2B Sold In Record Deal To Sony Music Group by Depriest2020: 6:31am On Jun 26 |
Dead but still making money for his family & business associates. |
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