Michael Jackson's Estate Signs $250 Million Contract With Sony, Thus Beating Jay-Z By $100 Million In Establishing the Most Absurdly Lucrative Deal, Ever
$250 million is by far the record for a recording artist, living or dead--the closest thing, Jay-Z's $150 million dollar deal with Live Nation, isn't really anywhere close. The fact that Jackson isn't alive to fulfill the contract is incidental--the Wall Street Journal reports that Sony is due 10 albums over seven years, consisting of "a mix of previously unreleased songs and new packages of familiar ones." No problem: Jackson has legendary unreleased archives, mostly recorded during the '90s and '00s with everybody from will.i.am to Akon, and last year's This Is It soundtrack--the first album to be released in this retroactive deal--is presumably only the first of many greatest hits and deluxe reissue packages to come.
Image Courtesy of: Jean-Marc Giboux/Liaison