Michael Jackson estate signs $250 million record deal with Sony

In what is thought to be the most profitable recording deal in history, administrators in charge of Michael Jackson's estate and Sony Music Entertainment has reportedly reached a recording deal valued at approximately $250 million. CONTINUE READING BELOW.

Posted by Richard Neil Ilagan on Mar 16th, 2010 and filed under Featured, Money and Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Michael Jackson estate signs $250 million record deal with Sony
 

In what is thought to be the most profitable recording deal in history, administrators in charge of Michael Jackson‘s estate and Sony Music Entertainment has reportedly reached a recording deal valued at approximately $250 million.

The contract plans on releasing 10 albums over seven years, and may include media through unreleased Jackson recordings, DVDs and video games. The deal guarantees Jackson’s estate a hefty $200 million.

“There may be theater. There may be films and movies. There may be computer games – or multimedia platforms that I don’t know about today that will happen in 2015,” exclaims Rob Stringer, the chairman of Sony’s Columbia Epic in a report by the Los Angeles Times.

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