ABP, a Dutch pension fund, looks set to benefit from the surge in the sale of Michael Jackson music following the star’s death.
Jackson’s solo album sales in the United States jumped from 10,000 copies in the week before his death to 422,000 in the week ended June 28, according to Nielsen SoundScan Photo: AP
The huge boom in popularity of the King of Pop’s music has boosted pension fund ABP, which owns the rights to a number of of Michael Jackson songs.
ABP bought two music catalogues last year, including the rights to some Michael Jackson songs like You Are Not Alone, according to the website of Imagem Music Group, which manages the music assets for ABP.
“There are always certain songs that for whatever reason, in this case tragic, suddenly become very popular. The last fact is a basis for the investment,” said an ABP spokesman…
Read the original article at Telegraph
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