{"id":4165,"date":"2024-02-10T12:55:40","date_gmt":"2024-02-10T12:55:40","guid":{"rendered":"https:\/\/artistherald.com\/?p=4165"},"modified":"2024-02-10T12:55:40","modified_gmt":"2024-02-10T12:55:40","slug":"sony-acquires-half-of-michael-jacksons-catalogue-in-landmark-deal","status":"publish","type":"post","link":"https:\/\/artistherald.com\/?p=4165","title":{"rendered":"Sony acquires half of Michael Jackson&#8217;s catalogue in landmark deal"},"content":{"rendered":"\n<p><strong>The late artist&#8217;s music assets are worth $ 1.2 billion and $ 1.5 billion overall<\/strong>.<\/p>\n\n\n\n<p><strong>Introduction<\/strong><\/p>\n\n\n\n<p>In a groundbreaking move, Sony Music Group has reportedly purchased half of Michael Jackson&#8217;s catalogue, encompassing his publishing and recorded masters.&nbsp;<\/p>\n\n\n\n<p>Valued between $1.2 billion and $1.5 billion, this deal marks a significant milestone in the music industry.<\/p>\n\n\n\n<p><strong>Deal Details<\/strong><\/p>\n\n\n\n<p>Sony Music Group is said to have paid at least $600 million for its stake in Jackson&#8217;s catalogue, making it one of the largest-ever valuations of an artist&#8217;s music assets.&nbsp;<\/p>\n\n\n\n<p>The deal, finalized in late 2023, excludes royalties from Broadway&#8217;s MJ The Musical but includes songs from Jackson&#8217;s Mijac publishing catalogue, featuring artists like Sly &amp; The Family Stone, Curtis Mayfield, and Ray Charles.<\/p>\n\n\n\n<p><strong>Historical Context<\/strong><\/p>\n\n\n\n<p>Michael Jackson&#8217;s association with Sony dates back to his solo career, during which he collaborated with the label to establish Sony\/ATV Music Publishing in 1995, incorporating his share of The Beatles&#8217; publishing.&nbsp;<\/p>\n\n\n\n<p>In 2016, Sony acquired the Michael Jackson estate&#8217;s 50% stake in the venture for $750 million, subsequently gaining sole ownership. Additionally, Sony obtained the estate&#8217;s 25.1% stake in EMI Music Publishing in 2018.<\/p>\n\n\n\n<p><strong>Implications and Comparison<\/strong><\/p>\n\n\n\n<p>This landmark deal surpasses Queen&#8217;s ongoing efforts to sell their recorded music, publishing rights, and royalties, currently valued at $1.2 billion.&nbsp;<\/p>\n\n\n\n<p>Jackson&#8217;s enduring legacy and global influence have contributed to the substantial valuation of his catalogue, solidifying his status as one of the most significant figures in music history.<\/p>\n\n\n\n<p><strong>Conclusion<\/strong><\/p>\n\n\n\n<p>Sony Music Group&#8217;s acquisition of half of Michael Jackson&#8217;s catalogue represents a monumental milestone in the music industry.&nbsp;<\/p>\n\n\n\n<p>With its historic valuation and strategic implications, this deal underscores the enduring impact of Jackson&#8217;s music and legacy, ensuring that his artistry continues to resonate with audiences worldwide for generations to come.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The late artist&#8217;s music assets are worth $ 1.2 billion and $ 1.5 billion overall. Introduction In a groundbreaking move, Sony Music Group has reportedly purchased half of Michael Jackson&#8217;s catalogue, encompassing his publishing and recorded masters.&nbsp; Valued between $1.2 billion and $1.5 billion, this deal marks a significant milestone in the music industry. Deal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[26],"tags":[199,200,198,37,188],"genre":[],"artist":[],"class_list":{"0":"post-4165","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-music-news","8":"tag-catalogue","9":"tag-landmark-deal","10":"tag-michael-jackson","11":"tag-music","12":"tag-sony"},"_links":{"self":[{"href":"https:\/\/artistherald.com\/index.php?rest_route=\/wp\/v2\/posts\/4165"}],"collection":[{"href":"https:\/\/artistherald.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/artistherald.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/artistherald.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/artistherald.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4165"}],"version-history":[{"count":1,"href":"https:\/\/artistherald.com\/index.php?rest_route=\/wp\/v2\/posts\/4165\/revisions"}],"predecessor-version":[{"id":4167,"href":"https:\/\/artistherald.com\/index.php?rest_route=\/wp\/v2\/posts\/4165\/revisions\/4167"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/artistherald.com\/index.php?rest_route=\/wp\/v2\/media\/4166"}],"wp:attachment":[{"href":"https:\/\/artistherald.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/artistherald.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/artistherald.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4165"},{"taxonomy":"genre","embeddable":true,"href":"https:\/\/artistherald.com\/index.php?rest_route=%2Fwp%2Fv2%2Fgenre&post=4165"},{"taxonomy":"artist","embeddable":true,"href":"https:\/\/artistherald.com\/index.php?rest_route=%2Fwp%2Fv2%2Fartist&post=4165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}