Half of Michael Jackson's track catalog purchased for $600 million | EUROtoday

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un file determine. After these of Bob Dylan, Neil Young and Bruce Springsteen, it’s the flip of a part of the musical catalog of Michael Jackson, who died in 2009, to be offered, studies the BBC. Sony Music purchased half of the publishing rights, which belonged to the “King of Pop” household, for a minimum of 600 million {dollars}.

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According to the English media, Sony Music has additionally negotiated 50% of the rights to the musical “MJ: The Musical” and the following biopic entitled “Michael” which is because of be launched in theaters in 2025. Michael Jackson is without doubt one of the hottest pop stars hottest albums of all time, with greater than 400 million albums offered worldwide. His album “Thriller”, launched in 1982, can be the best-selling album of all time.

Catalogs of legends

Sony has already purchased a number of catalogs of music legends. At the top of 2021, all the musical rights of Bruce Springsteen ($500 million) and people of Bob Dylan ($200 million) had been bought by the Japanese agency. According to a number of American media, Universal Music Group ought to provide greater than a billion {dollars} to Disney Music Group to amass the musical catalog of the legendary British rock group Queen, making a possible historic transaction.READ ALSO For its fortieth anniversary, Michael Jackson's “Thriller” album is launched with beforehand unreleased tracksFor a number of years, Sony Music has turn out to be the world's main music writer by buying the rights of artists whose listening on streaming platforms doesn’t weaken, even a long time after the discharge of their music.