Michael Jackson catalog could be sold for R$ 4 billion

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Japanese Sony seeks to buy half of the singer’s catalog, in addition to the rights to the biopic in production and to a musical inspired by the artist. The American singer Michael Jackson is seen during a presentation at the Morumbi Stadium, in São Paulo, in São Paulo, October 1993. The singer stayed at the Maksoud Plaza during his stay in São Paulo Japan’s Sony seeks to acquire half of Michael Jackson’s music catalog for a potentially record sum of US$800 million to US$900 million (around R$4.1 billion and R$4.6 billion), reported the American magazine “Variety “. Bob Dylan sells his entire music catalog in a deal estimated at US$ 300 million Why Justin Bieber decided to sell rights to his songs for R$ 1 billion If the heirs who control the estate of the late King of Pop agree to the sale, it could include half of the interests they own and the rights to the in-production biopic “Michael” and the musical comedy “MJ: The Musical”. The deal, which would include another buyer alongside Sony, Variety reports, could become the biggest-ever sale for the increasingly coveted music catalog industry. With the streaming revolution, the musical rights of artists dead or alive, but considered timeless, have become precious assets, since those who hold them earn money with each reproduction, a gain that is added to the profits in case of reproduction of the music on the radio and in movies or advertisements. In the past two years, Sony has paid over $500 million to acquire the Bruce Springsteen catalogue, and Universal Music has acquired the rights to the complete works of David Bowie for $400 million. At the end of January, Canadian singer Justin Bieber sold the rights to his music catalog to the company Hipgnosis for US$ 200 million. In this context, the anticipated value for the Michael Jackson catalog is particularly impressive, not least because it does not concern all rights, contrary to common negotiations in the sector. The former member of the Jackson 5, who died in 2009 aged 50 after a legendary solo career, left behind one of the most lucrative music catalogs in the world.

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