Sony Music Acquires Major Stake in Michael Jackson Catalog, Valued at $1.2 Billion-Plus
variety.comJem Aswad Executive Editor, Music In what is apparently the conclusion of a deal that Variety tipped a year ago, Sony Music Group has completed a transaction to acquire half of Michael Jackson’s publishing and recorded masters in a transaction that values the total catalog at around $1.2 billion, and possibly more, sources confirm to Variety.
Billboard reports that Sony will pay at least $600 million for the stake. If accurate, the deal is the biggest for a single music artist’s assets to date.
Sources confirm to Variety that the complex deal also includes assets from Jackson’s legendary Mijac publishing catalog, which includes multiple titles by Sly & the Family Stone as well as hits written or performed by Jerry Lee Lewis, Jackie Wilson, Curtis Mayfield, Ray Charles, Percy Sledge, Dion and others.
However, it does not include royalties from the “MJ” Broadway musical and other theatrical productions featuring the musician’s music.
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