Man even in death Michael Jackson is still the man. Billboard.com is reporting that MJ’s estate has just has landed the late singer the biggest recording deal in history: a $200 million guaranteed contract with Sony Music Entertainment for 10 projects over seven years, according to a person familiar with the deal.
Per Billboard:
The record-breaking contract through 2017 could be worth up to $250 million if certain conditions are met. One of the albums will be of never-before-released Jackson recordings that will come out in November, the person said.
The person spoke on condition of anonymity because the official announcement is expected later on Tuesday (March 16).
Future projects may also include a DVD compilation of videos and a re-release of “Off the Wall,” Jackson’s fifth studio album, which first came out in 1979, accompanied by some unreleased material. Before his sudden death in June at age 50, the pop star had wanted to re-issue the album, people familiar with the deal said.
Wow. 250 million dollars??!? Personally, I’m concerned with who from his estate will be getting their grubby paws on this money. Will it be his kids, family, or the corporate heads, who many suggest is behind MJ’s death.
Let’s hope the financial intentions are revealed very soon.
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