2024-02-12 19:08:00
A record number. After those of Bob Dylan, Neil Young and Bruce Springsteen, it is the turn of part of the musical catalog of Michael Jackson, who died in 2009, to be sold, reports the BBC. Sony Music bought half of the publishing rights, which belonged to the “King of Pop” family, for no less than 600 million dollars.
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According to the English media, Sony Music would also have negotiated 50% of the rights to the musical MJ : The Musical and the upcoming biopic titled Michael which is due to be released in theaters in 2025. Michael Jackson is one of the most popular pop stars of all time, with more than 400 million albums sold worldwide. His album Thrillerreleased in 1982, is also the best-selling album of all time.
Catalogs of music legends
Sony has already bought several catalogs of music legends. At the end of 2021, all of the musical rights of Bruce Springsteen ($500 million) and those of Bob Dylan ($200 million) were purchased by the Japanese firm. According to several American media, Universal Music Group should offer more than a billion dollars to Disney Music Group to acquire the musical catalog of the legendary British rock group Queen in a potential historic transaction. READ ALSO For its 40th anniversary, Michael Jackson’s “Thriller” album is released with previously unreleased tracksFor several years, Sony Music has become the world’s leading music publisher by purchasing the rights of artists whose listening on streaming platforms does not weaken, even decades after the release of their music.
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