We have heard many times in recent years about her. sale of music catalogs record labels or rights management companies for major international musicians. Some time ago we actually found out that his list Justin Bieber sold for a big sum 200 million dollars.

An even bigger deal, of course, is in the negotiations and that goes for his list Michael Jackson. In fact, the heirs of the King of Pop are currently selling it. half of the music catalog stars for an astronomical sum 800-900 million dollars, According to sources cited by Variety.

When negotiations are completed, we will talk about the largest deal in the history of the sale of music catalogs, which has flourished in the music industry in recent years.

However, not many details about the deal are known, however, again, according to a Variety report, Sony together with another financial partner are going to buy the rights publishing income records, musical “MU: The Musical” on Broadway, from an upcoming biopic “Michael” but also other possible future projects, in the amount of 50%.

This is not the first time that Sony is involved in the relevant agreement. He acquired the rights to publish and record music for his catalogue. Bruce Springsteen near 600 million dollars while the company is said to have given ca. $150-200 million buy the rights to write in his directory Bob Dylanwhen he sold the publishing rights to Universal for $400 million.

According to Variety.