Michael Jackson: Stake in catalogue sells for $600m

Sony Music Group is understood to have paid at least $600m for half of Michael Jackson's catalogue. Michael Jackson, who died in 2009 at the age of 50, is one of the most successful pop stars of all time, selling more than 400 million records worldwide. The back catalogue deal is also reported to include tracks by other artists acquired by Jackson's Mijac publishing group, said to include hits by Ray Charles, Elvis Presley and Aretha Franklin. The sale would have been arranged with the Estate of Michael Jackson, who manage the late star's affairs. BBC News has contacted Sony Music Group and the Estate of Michael Jackson for comment.

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