Sony Music Group has reportedly struck a monumental deal, acquiring 50% of the late Michael Jackson’s music catalog for a staggering $600 million (£475 million). This landmark agreement, if confirmed, would value the iconic singer’s musical assets at over $1.2 billion (£950 million) and mark the largest single-artist music rights acquisition ever.
Jackson, who left an indelible mark on the music world with his unparalleled artistry and global hits, remains one of the best-selling artists of all time. His 1982 album, Thriller, holds the Guinness World Record for best-selling album ever, and his songs continue to captivate audiences across generations. With nearly 40 million monthly listeners on Spotify and over a billion streams each for iconic tracks like “Billie Jean” and “Beat It,” his music reignites interest with every passing year.
The upcoming biopic featuring Jackson’s nephew in the lead role is expected to further fuel this fascination, potentially driving up the value of his music rights. Interestingly, the deal extends beyond just Jackson’s own work, reportedly including songs acquired by his Mijac publishing group, potentially encompassing compositions by legends like Ray Charles, Elvis Presley, and Aretha Franklin.
This news follows a trend of music legends monetizing their back catalogs. Bruce Springsteen reportedly commanded $500 million for his work, while Bob Dylan allegedly fetched $450 million. Rock band Queen is also rumored to be exploring similar options.
While the financial details of the Jackson deal remain unconfirmed, its potential impact is undeniable. It highlights the enduring power of music as an investment and underscores the enduring legacy of Michael Jackson, whose music continues to resonate with fans worldwide. Whether through streaming, licensing, or future ventures, this deal ensures the King of Pop’s music will continue to generate revenue and influence for generations to come.