March 18, 2010

Jackson Estate Signed $250 Million Deal

Of course after the King of Pop dies, he still makes money. First it was $60 million with the "This Is It" movie, which was basically a bunch of rehearsal footage. Now, it seems like there is even more money to be made from the dead Michael Jackson. And I'm not even talking about robbing his grave. Which was my idea first, so don't even think about it.

Both Sony and the administrators for Michael Jackson's estate agreed on a deal that totaled to $250 million. This deal will include releasing new music that Michael Jackson was working on before his untimely death. Which seems morbid and greedy, but it happens to performers all of the time. Just look at Tupac.

This deal also gives Sony all kinds of distribution rights for Jackson's material until the year 2017. This record-breaking deal gives Sony Music's Columbia Epic Label Group and Legacy Recordings an extension on their rights to Jackson's catalog of music.

But enough of all of these music dealings - I want to get to the important stuff. Who is going to be getting those sequenced gloves?

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