MJ’s Music Sells For $200 Million!
Even after his death, Michael Jackson continues his reign over pop music!
Sony Music Entertainment has inked a deal that will put $200 million into the King of Pop’s estate. The deal — which will be formally announced on Tuesday — guarantees ten projects over the next seven years and has become the largest recording contract in history, RadarOnline.com reports.
The projects of the late singer — due out this fall — will include an album of unreleased songs, a re-release of Jackson’s 1979 hit album Off The Wall, with bonus tracks and a DVD of Jackson’s video collection.
“During his life, Michael’s contracts set the standard for the industry,” John Branca, one of the Jackson estate executors, says. “By all objective criteria, this agreement with Sony Music demonstrates the lasting power of Michael’s music by exceeding all previous industry benchmarks.”
Sony’s Rob Stringer says his company is “dedicated to protecting this icon’s legacy, and we’re thrilled that we can continue to bring his music to the world for the foreseeable future.”