Jackson in $200 million-plus posthumous recording deal
Michael Jackson performs during his 13-city U.S. tour in Kansas City, Mo. in 1988. The estate of Michael Jackson has landed the late King of Pop the biggest recording deal in history.
by AP
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By The Associated Press
Published: March 15, 2010 7:26 PM
LOS ANGELES — The estate of Michael Jackson has landed the late King of Pop 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 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, the person said.
The person spoke on condition of anonymity because the official announcement is expected Tuesday.
