Sony Music Acquires Major Stake in Michael Jackson Catalog, Valued at $1.2 Billion-Plus
Jem 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.