Sony Music buys half of Michael Jackson's catalog at a high price. According to Variety and Billboard, the sale would constitute the largest transaction to date in the music catalog market.
Sony Music understood this well and became one of the biggest labels in the sector by multiplying the purchase of publishing rights with large checks. In 2021, rocker Bruce Springsteen, nicknamed ‘the boss’, sold all his publishing rights to him for $500 million. And among the latest big sales to date, there are those of the catalogs of Paul Simon, Neil Young and even David Bowie, sometimes for several hundred million dollars.