Reuters Amsterdam – For Dutch pension fund ABP, Michael Jackson’s death could be good for business.
The passing of the man called "King of Pop" last week has created a run on his music, which is partly owned by Dutch state pension fund ABP. It is the world’s third-largest state pension fund after Japan’s and Norway’s.
"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," an ABP spokesman said.
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.
