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Sony in $250 million deal with Jackson's estate: report
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Sony in $250 million deal with Jackson's estate: report
	
	
		
NEW YORK
		
Mon Mar 15, 2010 9:59pm EDT
	
               
      
 
      
               
      
      
 
    
			
     
            	
                    
                        
A fan holds a tattered Michael Jackson photo outside a public memorial for the singer at the Apollo Theater in New York, June 30, 2009. 
                        
Credit: Reuters/Lucas Jackson
                    
  
                
            
	
NEW YORK (Reuters) - Sony Corp has reached a deal with Michael Jackson's estate that could be worth as much as $250 million, the Wall Street Journal reported on Monday, citing people familiar with the situation.
 
			Entertainment  |  Music  |  People
The report said the deal, coming months after Jackson's death, is the most lucrative recording contract ever signed. It guarantees the estate at least $200 million, according to the newspaper's web site, and involves 10 albums over seven years.
The deal will combine a mix of previously unreleased songs and new packages of familiar ones, according to the report.
Sony has sold about 31 million of Jackson's albums worldwide since his death on June 25, the report said. It added that the advances Sony will pay are to be offset by sales of albums as well as revenue generated by licensing Jackson's music.
Sony's deal with the estate retroactively covers the soundtrack album to "This Is It." It also covers a number of other releases, some of which have been planned and others that still must be determined, according to the Wall Street Journal.
One album of previously unreleased songs is likely to hit stores before the end of this year, and another collection is due out later, it said.
(Reporting by Paul Thomasch)
			
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Mar 15, 2010 11:07pm EDT
        
When Elvis died, he instantly became worth more than ever before. Same with poor Michael
        STORY-BURN
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Mar 15, 2010 11:58pm EDT
        
underground music scene
lol
        PwlM
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Mar 16, 2010 1:59am EDT
        
呵呵~~
        fh794631570
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