Michael Jackson & Sony: Biggest Record Deal in Music History
March 17th, 2010 - 8:28 pm ICT by Angela Kaye Mason
Mar 17 (THAINDIAN NEWS) Michael Jackson has just signed the biggest recording deal in music history…from beyond the grave. The Jackson Estate and Sony Music Entertainment made an announcement on Monday revealing the signing of distribution contract for a seven year deal involving ten brand new Michael Jackson projects.
One of those projects will be a new album made up of never before released work of Michael’s, due to be out in November. Others will include DVDs, and maybe even video games. The contract could be worth up to 250 million dollars. According to John Branca, who is an administrator for the Michael Jackson Estate, “We and Sony feel that the future for Michael Jackson is unlimited.”
The chairman of the Columbia Epic label group, which is a division of Sony Music said that this is a landmark deal for the recording industry. “The audio rights span across different projects,” Stringer said. “There may be theater. There may be films and movies. There may be computer games — or multimedia platforms that I don’t know about today that will happen in 2015.”
When Michael Jackson died in Los Angeles on June 25, 2009, he was almost half a million dollars in debt to financial institutions. Since his death, more than 31 million of his albums have sold worldwide, and two thirds of those sales were overseas. These sales have helped to pay off a good chunk of the money Michael owed.
- MJ's estate signs one of the biggest recording contracts in history - Mar 16, 2010
- Sony Music signs a $ 250 million recording deal with Michael Jackson's estate - Mar 17, 2010
- MJ to release first of several new albums from beyond the grave - Aug 03, 2010
- Sony signs a record $200 million deal with Michael Jackson's estate - Mar 17, 2010
- Just $30 million left for Jackson's family - Sep 14, 2011
- Michael Jackson's Estate Strikes Deal With Sony - Mar 17, 2010
- Michael Jackson's New Song "Breaking News" Released - Nov 08, 2010
- Michael Jackson's "Breaking News" Lands Into Controversy - Nov 09, 2010
- Some songs on MJ's new album are bogus, says Randy - Nov 19, 2010
- New MJ CD under threat as family claims impostor sang songs - Oct 30, 2010
- MJ earning hundreds of million dollars after death - Aug 13, 2009
- Michael Jackson's "This Is It" in theatres Oct 30 - Aug 12, 2009
- MJ's new album already pirated by computer hackers - Dec 09, 2010
- Michael Jackson Once Again! - Oct 15, 2010
- MJ has 'earned $1bn' since his death - Jun 23, 2010
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