Of course, it’s a bit ridiculous. Michael Jackson’s
dead, and his estate and Sony are capitalizing on his name. I just hope Prince, Paris and Blanket get the majority of the profits — but a lot of this money is going to go to operating expenses (like lawyers) in running his estate. And MJ of course seeing none of this since he is gone. Sad.
“Michael Jackson” is now a brand. And ironically, he is no longer around the destroy his own name or add any more to it’s legend.
From Billboard:
The estate of Michael Jackson has landed the late King of Pop the biggest recording deal in history: a $200 million guaranteed contract with Sony Music Entertainment for 10 projects over seven years.
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
Source Billboard
From: Rickey.org
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