Overview

• Sony Music Group finalizes a deal to purchase a 50% stake in Michael Jackson's music catalog, valuing the total assets at around $1.2 billion.
• The acquisition encompasses Jackson's own compositions as well as songs from other legendary artists within the Mijac publishing catalog.
• The deal, excluding royalties from Broadway and other theatrical productions, highlights Sony's commitment to significant music assets.
• Michael Jackson's legacy continues to grow, with a notable increase in music consumption and anticipation for an upcoming biopic.
• The transaction has sparked mixed reactions, with some fans expressing outrage over the sale to a company Jackson reportedly despised.