As the Elvis estate could tell you, being dead is a great business deal. Michael Jackson’s estate is living proof of that, as his heirs, controllers, and various business managers have negotiated the biggest record deal in history for the singer, who died only 9 months ago in mid-preparation for a string of comeback concerts. The deal is reported to be worth an estimated minimum $200 million dollars, with a high ceiling of $250 million dollars possible. That’s not even the best-case scenario for this sprawling 10-year deal with Sony Music that covers 7 projects.
These include video games, unreleased songs, new albums, and a re-release of Jackson’s solo album, Off The Wall. Not included is merchandising, which makes this deal even more impressive and profitable for the Jackson family. That’s a pretty impressive deal for a guy who, for 10 years before his death, was a total pariah whose last album was lucky to break even. Imagine how big this deal would have been had Michael Jackson 2009 had been as popular as Michael Jackson 1984!
Tags: Michael Jackson, Michael Jackson’s estate, biggest record deal ever, Michael Jackson’s estate signs 0-million record deal, giant record deals, Sony Music, Michael Jackson’s 10-year 7-project record deal