London, July 4 (ANI): The Dutch pension fund ABP is set to benefit from the surge in the sale of Michael Jackon’s music after his death.
ABP owns the rights to a number of the late King of Pop’s songs.
According to the website of Imagem Music Group, which manages the music assets for ABP, the firm bought two music catalogues last year, including the rights to songs like You Are Not Alone.
“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,” the Telegraph quoted an ABP spokesman as saying.
The ‘Thriller’ hitmaker’s solo album sales in the US increased from 10,000 copies in the week before his death to 422,000 in the week ended June 28, reports Nielsen SoundScan.
And the best-selling track was ‘Thriller’ with 167,000 copies being sold. (ANI)