Civil service pension fund ABP is set to benefit from last week’s death of pop singer Michael Jackson because it owns the rights to some of his songs, the Financieele Dagblad reports.
Every time the hits ‘You are not alone’ or ‘Dangerous’ are played on the radio, ABP indirectly gets a payout because it owns the investment fund Imagen Music Group. The fund booked an 8% return on investment last year, ABP says.
The paper also says ABP would be interested in buying the rights to the Beatles music owned by Jackson, if they come up for sale. The Jackson estate may sell the Beatles rights to raise cash and reduce the singer’s debts.
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