Music Gear News
Jackson estate to sign 200 million dollar deal
Michael Jackson's estate is to sign a $200 million contract to release new material with Sony Music.
The seven-year deal is reported to be the biggest record deal in history and is due to be finalised today (16.03.10).
The deal will cover 10 projects, including an album of unreleased songs, featuring the late 'Thriller' singer, who died last June, aged 50.
Co-executor of Michael's estate, John Branca, said: "During his life, Michael's contracts set the standard for the industry. By all objective criteria, this agreement with Sony Music demonstrates the lasting power of Michael's music by exceeding all previous industry benchmarks."
Projects which are thought to be included under the terms of the deal are a remastered version of Michael's breakthrough solo LP 'Off The Wall', a DVD compilation of his music videos and a new videogame, as well as the rights to the posthumously released album and DVD 'This Is It', which has so far sold over five million copies, and made $200 million at the worldwide box office during a limited run.
Since his passing, Michael's back catalogue has proved extremely lucrative, with the 'King of Pop' selling over 31 million albums worldwide, making him the biggest selling recording artist in the world in 2009.
The amount the singer's estate could make could even exceed $200 million with tied in merchandise and other deals.
The contract dwarfs previous contracts signed by other stars for recording and touring including a 10-year deal signed in 2007 by Madonna with Live Nation reportedly worth $120 million and a $152 million deal signed the next year between Jay-Z and the same company.Posted on 16 Mar 2010 10:00 to category : Band / Celebrity News
Related Music News
Through a collaboration with Martin, Sheeran's latest signature model features artwork from his latest album '÷' and has been built to his exact specifications.
An icon who helped propel the rock 'n' roll movement to new and unprecedented heights. Chucky Berry is praised by many as a founding father of modern music.
Founding guitarist of legendary LA band Y and T Joey Alves passes away due to complications relating to Ulcerative Colitis. Documentary on soon to follow.
Destroyer Cola is to be the latest release in rock veterans Kiss' long line of merchandise currently available to the general public for purchase
In a recent unconfirmed report, frontman of famous rock and roll outfit Guns N' Roses is said to be heading into the studio with Australian rock veterans AC/DC
Never before has music been so accessible. With social media, tab sites and forums at your immediate disposal, learning your favourite song couldn't be easier.
Recent Music News
Celebrating 50 years since his iconic performance at Monterey pop festival, Fender's Jimi Hendrix Monterey Stratocaster recreates the sound of a cultural icon.
Building upon the already established fan favourite DJ-808 DJ Controller, Roland have now announced the launch of the portable and compact DJ-202 DJ Controller.
Coinciding with the launch of its brand new DJ-202 counterpart, the Roland DJ-505 DJ Controller breathes a breath of new life into Roland's renowned DJ range.
New to Roland's illustrious boutique range, the SH-01A builds upon the foundations of the revered SH-1A, granting the player a whole range of vintage voices.
Based on the legendary TR-808m the TR-08 Rhythm Composer brings all of the legendary capabilities of its forefather into a more modern and streamlined format.
Designed to complement the TR-08 Rhythm Composer, the Roland SP-404A Linear Wave Sampler offers a plethora of exciting new sampling methods for live performances.