Rap-Up.com || Michael Jackson Estate Signs Biggest Record Deal Ever

Even after his death, Michael Jackson continues to set records. Despite declining album sales in the music industry, the King of Pop has landed the largest recording deal in history.

Sony Music Entertainment will pay the Jackson estate as much as $250 million for the right to release 10 projects over the next seven years, according to The Wall Street Journal.

Future offerings may include a mix of previously unreleased songs, new packages of familiar hits, and a DVD compilation of music videos. One of the albums containing never-before-released Jackson recordings is expected in November. The soundtrack to last fall’s concert documentary This Is It will count toward the 10-album obligation.

“We’re dedicated to protecting this icon’s legacy and we’re thrilled that we can continue to bring his music to the world for the foreseeable future,” said Sony Music Chairman Rob Stringer.

The record-breaking contract eclipses previous deals by Mariah Carey ($100 million), Bruce Springsteen ($100 million), Madonna ($120 million), and Jay-Z ($150 million).

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9 Comments

Lindsay
March 16th, 2010 at 4:41 am
This is great news, I just hope that the money goes to his children and favorite charites; and not to those coat tail riders he called brothers.
Jeffery J-Boe
March 16th, 2010 at 4:54 am
I Agree, This Is The Best News Ever Since His Passing… Michael Jackson/M.J. Will Forever Live On In Our Hearts, Mind, and Soul… Long Live The “King Of Pop”.
JASMINE
March 16th, 2010 at 7:16 am
MY SISTER JOSEPHINE SAYS THAT SHE AGREE THAT THIS IS THE BEST NEWS AND SHE WANT TO LET EVERYBODY KNOW THAT SHE LOVES MICHAEL JACKSON.AND SHE IS ONLY 11!
Pinoy
March 16th, 2010 at 7:21 am
DAMN!!MJ LOOKING DOWN LIKE “HOLY SHIT I DID IT AGAIN”
still breaking records when he was alive and now when he is dead.
Rockstarrk09
March 16th, 2010 at 9:49 am
Don’t Forget About Janet Jackson’s Record Deal With Virgin Records Was Worth 80 Million..
KEY
March 16th, 2010 at 12:49 pm
GO mike, we alwayz luv u
Alive
March 16th, 2010 at 7:53 pm
AWESOME !!!
kinda
March 16th, 2010 at 9:25 pm
i still miss him so much. he’s the king of music.
Quincy
March 19th, 2010 at 9:11 am
No one will ever come close to this man’s talent, and his big heart. The blessing continue still after his death. We all miss you so much Michael. We will never forget you! Gone to soon.