Half of Michael Jackson’s music catalog has been reportedly purchased by Sony Music Group for at least $600 million.
The deal values the King of Pop’s music at some $1.2 billion, which could be the largest valuation ever of a musician’s music assets, according to Billboard.
The deal would also be the biggest ever for the work of a single musician, the BBC reported.
Jackson, who died in 2009, remains immensely popular on music streaming services like Spotify, where he averages 40 million monthly listeners.
Just two of his countless hits, “Billie Jean” and “Beat It,” have each been played more than one billion times on Spotify alone, according to the BBC.
The deal comes just as an upcoming biopic about Jackson’s life and career starring his nephew is set to hit the big screen next year.
