Tuesday, March 16, 2010

Michael Jackson Estate Signs Biggest Record Deal In History

Even in death Michael Jackson still makes history...The Wall Street Journal reports that Sony Music Entertainment recently agreed to terms with Michael Jackson's estate on a deal worth 250 million dollars for the rights to release 10 projects over the next 7 years...Future offerings may include a mix of previously unreleased songs, new packages of familiar hits, and a DVD compilation of music videos. One of the albums containing never-before-released Jackson recordings is expected in November. The soundtrack to last fall’s concert documentary This Is It will count toward the 10-album obligation.

The current deal absolutely smashes previous record deals Mariah Carey (100 Million)...Bruce Springsteen (100 million)...Madonna (120 million)...and Jay-Z (150 million)

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