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Blake, Wm. The Goddess of Fortune. 1824.

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Sony has agreed to purchase half of Michael Jackson’s catalog for over $1.2 billion, marking the most significant deal for a musician’s work to date. This acquisition includes a 50% stake in Jackson’s music and songwriting rights, as well as music publishing assets.

It involves only a portion of the estate’s interests, excluding ventures such as the Broadway musical “MJ,” Cirque du Soleil shows, and an upcoming biopic starring Jaafar Jackson.

Primary Wave, a music company that owns a minority stake in Jackson’s music publishing interests, was not a party to the transaction. A representative of Primary Wave declined to comment.