Los Angeles: Sony Music Entertainment has acquired half of the music catalog of the late pop singer Michael Jackson, the U.S. entertainment media Variety reported Friday.

The transaction is valued at around 1.2 billion dollars, which is approximately 180 billion yen, the biggest for a single music artist’s assets to date, Variety said.

Sony Music and Jackson’s estate have not made any comment so far.

In 2011, Sony reportedly acquired rock singer Bruce Springsteen’s music catalog.

JIJI Press