Sony has reached an agreement with Michael Jackson’s estate to obtain the pop star’s 50 percent stake in a publishing catalog for $750 million.
Publishing rights give the stakeholder authority over how music and lyrics are applied into radio, TV and film. The deal for the singer’s share of the Sony/ATV Music Publishing catalog will give Sony sole ownership of works by artists including The Beatles, Bob Dylan, Taylor Swift, Wyclef Jean, and Eminem.
The deal comes more than a decade after Jackson bought the ATV segment of the catalog for $41.5 million.
