Entertainment

Michael Jackson: Stake in catalogue sells for US$600 million

Michael Jackson, who died in 2009 at the age of 50, is one of the most successful pop stars of all time, selling more than 400 million records worldwide

Sony Music Group is understood to have paid at least US$600 million (£475m) for half of Michael Jackson‘s catalogue.

If accurate, it would mean the singer’s musical assets are worth more than US $1.2 billion (£950m).

The deal would also be the biggest ever for the work of a single musician.

Michael Jackson, who died in 2009 at the age of 50, is one of the most successful pop stars of all time, selling more than 400 million records worldwide.

That figure is disputed and may be much higher.

His 1982 album, Thriller, is still the best-selling record of all time, according to Guinness World Records.

The King of Pop is also hugely popular on streaming services, with almost 40 million monthly listeners on Spotify.

His songs Billie Jean and Beat It have each been played more than one billion times on Spotify alone.

An upcoming film biopic starring Jackson’s nephew in the title role will also undoubtedly increase interest.

The back catalogue deal is also reported to include tracks by other artists acquired by Jackson’s Mijac publishing group, said to include hits by Ray Charles, Elvis Presley and Aretha Franklin.

The sale would have been arranged with the Estate of Michael Jackson, who manage the late star’s affairs.

Bruce Springsteen performing in Hyde Park in London
Selling music back catalogues can be a financially lucrative

Artists selling their back catalogues is big business. Bruce Springsteen reportedly made US$500 million (£396m), while Bob Dylan is understood to have received up to US $450 million (£356m) for his.

The rock band Queen is reportedly planning a similar deal.

BBC News has contacted Sony Music Group and the Estate of Michael Jackson for comment.

 

Asaase Radio 99.5 broadcasts on radio via 99.5 in Accra, 98.5 in Kumasi, 99.7 in Tamale, 100.3 in Cape Coast and on our affiliates Azay FM 89.1 in Takoradi, Bawku FM 101.5 in Bawku, Beats FM 99.9 in Bimbilla, Somua FM 89.9 in Gushegu, Stone City 90.7 in Ho, Mining City 89.5 in Tarkwa and Wale FM 106.9 in Walewale
Tune in to broadcasts online: asaaseradio.com, Sound Garden and TuneIn
Follow us on Twitter: @asaaseradio995
Live streaming on facebook.com/asaase99.5. Also on YouTube: 
AsaaseXtra.
Join the conversation. Call: 020 000 9951 or 059 415 7777. Or WhatsApp: 020 000 0995.

#AsaaseRadio
#TheVoiceofOurLand
#WeAreHere
#WeLoveOurLand

Show More

Related Articles

Back to top button

Adblock Detected

ALLOW OUR ADS