Sony Group Corp (NYSE:SONY) looks to acquire a 50% stake in the music catalog of the iconic pop star Michael Jackson from his estate in a landmark deal valued at over $600 million, marking the largest transaction of its kind in history, as reported by Billboard.
This strategic acquisition encompasses Jackson’s song shares and includes the Mijac publishing catalog, which contains tracks from various other artists.
The deal’s assets comprise the ownership of master recordings and publishing rights, offering Sony a significant portion of the late singer’s musical legacy, Bloomberg reports.
Previously, Jackson’s estate had divested its half interest in Sony/ATV Music Publishing.
This collaboration notably included the Beatles’ ...