Michael Jackson’s Estate Lands $250 Million Music Deal
The estate of the late, great Michael Jackson has negotiated a new music deal for some of Jackson’s archived recordings, and an album of previously unreleased music, in a deal that will exceed $200 million dollars.
The deal could extend up to $250 million dollars if certain targets are met.
Future projects may also include a DVD compilation of videos and a re-release of “Off the Wall,” Jackson’s fifth studio album, which first came out in 1979, accompanied by some unreleased material. Before his sudden death in June at age 50, the pop star had wanted to re-issue the album, people familiar with the deal said.
One of the projects already counted in the contract was the two-disc album that accompanied “This Is It,” the film based on footage of concert rehearsals for what was to have been Jackson’s comeback at London’s O2 arena.
The album of previously unreleased music will be released in November.
Michael is finally getting the big deals again now, sadly after his death. To be fair his money is being managed eons better by his estate than Jackson did while alive.
His long-time lawyer, John Branca, who Jackson had exiled during the last few years of his life, is one of the co-administrators of the estate. Branca was responsible for many of the deals during the 80′s that made Jackson millions of dollars.
[image: wenn.com]
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