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Michael Jackson Catalog Stake Sold to Sony, Valued at Whopping $1.2 Billion
Sony completed an agreement to acquire half of Michael Jackson's publishing and recorded masters.
In what is likely the largest transaction for a solo musician’s body of work, Sony completed an agreement to acquire half of Michael Jackson ‘s publishing and recorded masters. Last February, Variety reported that Jackson’s estate was in negotiations seeking $800 million-$900 million for half of its interests in the singer’s music catalog. Although Jackson’s legacy has faced multiple allegations of child sexual abuse, he continues to be one of best-selling artists of all time.
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