Sony, MJ estate in $250-mn deal | business | Hindustan Times
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Sony, MJ estate in $250-mn deal

business Updated: Mar 16, 2010 22:27 IST
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Even in death, Michael Jackson is breaking records. The King of Pop’s estate has signed 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.

Future projects may also include a video game, a DVD compilation of videos and a rerelease 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 reissue the album.

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.