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Sony buys stake in Michael Jackson’s catalogue in landmark deal

Michael Jackson‘s catalogue in a landmark deal.According to Billboard, the company will fork out at least $600million (£475million) for its stake in the late star’s publishing and recorded masters catalogue, with sources valuing it at between $1.2billion and $1.5billion in total. However, no exact figure is known currently.Should these numbers be accurate, the deal is expected to be the biggest-ever valuation of an artist’s music assets.It is said that Sony’s deal with the Michael Jackson estate does not include royalties from Broadway’s MJ The Musical and other theatrical productions featuring the King Of Pop’s material.But it reportedly includes songs by other acts from Jackson’s Mijac publishing catalogue such as Sly & The Family Stone, Curtis Mayfield and Ray Charles.The deal, which Billboard said closed in late 2023, trumps the $1.2billion that Queen are currently seeking for their recorded music, publishing and other income streams like royalties from the Bohemian Rhapsody biopic.Almost exactly one year ago, it was reported that the Michael Jackson estate was nearing a huge deal to sell half of its ownership in his catalogue.
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The Impressions star Sam Gooden dies aged 87 as tributes flood in for late artist
READ MORE: Ellen DeGeneres admits to having 'no recollection' of first meeting with Meghan MarkleThe Impressions formed in the 1950s after Gooden and brothers Richard and Arthur Brooks met Curtis Mayfield and Jerry Butler in Chicago.Gooden sang lead baritone vocals on the group’s first hit single, 1958 ballad For Your Precious Love, which reached number 11 on the US pop charts and number three on the R&B charts.The Impressions remained a top group in the 1960s, known for their gospel-styled harmonies and socially conscious songs.Mayfield helped write many of their hits, including the widely covered People Get Ready, along with Gypsy Woman, Keep on Pushing, It’s All Right and We’re A Winner.Their classic People Get Ready was touted as the unofficial anthem of the Civil Rights movement, and was later inducted into both the Library of Congress’ National Recording Registry as well as the Grammy Hall of Fame.The band were inducted into the Rock & Roll Hall of Fame in 1991.The Rock and Roll Hall of Fame tweeted in tribute: ‘Remembering Sam Gooden of 1991 Inductees The Impressions, whose music effortlessly bridged R&B with the sound of the civil rights movement.‘As an original member, Gooden’s uplifting voice was an essential component of The Impressions’ unique vocal blend.Mayfield left the group in 1970 for a solo career, although he continued to write and help produce for The Impressions.Gooden and fellow Chattanoogan Fred Cash continued to sing as The Impressions along with other lead singers, including Leroy Hutson. They toured until 2018.Decades later, Gooden was invited to the White House to meet then-President Barack Obama.
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