Half of Michael Jackson's song catalog bought for $600 million by Sony. Fifteen years after his death, ‘the king of pop’ is still making money.
Sony Music Group reportedly bought half of the company's turnover at the end of last year. At end of 2021, Sony Music bought all of Bruce Springsteen's music rights for $500 million and those of Bob Dylan for around $200 million. According to Goldman Sachs, the music market is expected to grow by almost 9% per year until 2030.