AP Source: Jackson in $200M-plus recording deal |+ video
Like so many entertainers before him Michael Jackson was a pop phenomenon during most of his short pretty full life, now he may become a bigger one in death and seeing his family who are talented in their own rights will still get their bills paid courtesy MJ, but one good side of it is that his three children are set for life after the inking of this deal as long as lawyers and family members don’t steal and or spend it all before they’re 18 or 21 and it becomes theirs.
However, he also left behind some hellacious bills, so they can be sure those creditors will somehow get a hold of their share as well. And the picture becomes even clearer that Michael worked to death so he could keep his family swimming in money all along the way since they couldn’t manage breaking out of his shadow after the Jackson 5 heydays as the more successful yet “little” brother.
He was pressured into the “Victory Tour” to help his brothers and father replenish their dwindling bank accounts, where his hair was caught on fire which in retrospect is what caused Jackson to start changing his looks because he was very severely burned and his hair never really grew back forcing him into plastic surgeries that continued the entire duration of his short life according to well publicized reports then and even in his death today.
200 -250 Million Guaranteed!(That’s a funny phrase when you think “nothing in life is guaranteed, especially our next breath.)
Certainly not 200 million dollars while a handful of Muslim terrorists bankrupt the west with their threats of terror at airports around the free world, at least until the west wakes up and realizes this is fight for civilization.
- AP Source: Jackson in $200M-plus recording deal.
LOS ANGELES (AP) – The estate of Michael Jackson has landed the late King of Pop the biggest recording deal in history: a $200 million guaranteed contract with Sony Music Entertainment for 10 projects over seven years, according to a person familiar with the deal.
The record-breaking contract through 2017 could be worth up to $250 million if certain conditions are met. One of the albums will be of never-before-released Jackson recordings that will come out in November, the person said.
The person spoke on condition of anonymity because the official announcement is expected Tuesday.
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.
Including the more than 5 million copies of that special release, Jackson has sold some 31 million albums since his death in June, about two-thirds of them outside the United States.
“During his life, Michael's contracts set the standard for the industry,” said John Branca, the co-administrator of the Jackson estate, in a statement prepared for release Tuesday. “By all objective criteria, this agreement with Sony Music demonstrates the lasting power of Michael's music by exceeding all previous industry benchmarks.”
Rob Stringer, chairman of Sony Music's Columbia Epic Label Group, said in prepared remarks, “We're 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.”
via My Way News
