Jackson in $200M-plus recording deal - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Jackson in $200M-plus recording deal

Posted: Updated:

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 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, the person said.

The person spoke on condition of anonymity because the official announcement is expected Tuesday.

Future projects may also include a DVD compilation of videos and a re-release 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 re-issue the album, people familiar with the deal said.

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.

Including the more than 5 million copies of that special release, Jackson has sold some 31 million albums since his death in June, about two-thirds of them outside the United States.

"During his life, Michael's contracts set the standard for the industry," said John Branca, the co-administrator of the Jackson estate, in a statement prepared for release Tuesday. "By all objective criteria, this agreement with Sony Music demonstrates the lasting power of Michael's music by exceeding all previous industry benchmarks."

Rob Stringer, chairman of Sony Music's Columbia Epic Label Group, said in prepared remarks, "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."

  • Entertainment NewsEntertainment NewsMore>>

  • Actor Liev Schreiber set to answer harassment charge

    Actor Liev Schreiber set to answer harassment charge

    Monday, August 13 2018 6:38 PM EDT2018-08-13 22:38:13 GMT
    Tuesday, August 14 2018 6:02 AM EDT2018-08-14 10:02:00 GMT
    Liev Schreiber is facing a harassment charge in suburban New York, where his lawyer says the actor is accused of shoving a photographer's camera. 
    Liev Schreiber is facing a harassment charge in suburban New York, where his lawyer says the actor is accused of shoving a photographer's camera. 
  • Reality White House: Trump, Omarosa trade insults, charges

    Reality White House: Trump, Omarosa trade insults, charges

    Monday, August 13 2018 9:04 PM EDT2018-08-14 01:04:24 GMT
    Tuesday, August 14 2018 6:01 AM EDT2018-08-14 10:01:58 GMT
    (AP Photo/Evan Vucci, File). FILE - In this Feb. 1, 2017, file photo, President Donald Trump, center, is flanked by White House staffer Omarosa Manigault Newman, left, and  then-Housing and Urban Development Secretary-designate Ben Carson as he speaks ...(AP Photo/Evan Vucci, File). FILE - In this Feb. 1, 2017, file photo, President Donald Trump, center, is flanked by White House staffer Omarosa Manigault Newman, left, and then-Housing and Urban Development Secretary-designate Ben Carson as he speaks ...
    President Donald Trump lashed out at Omarosa Manigault Newman Monday over book, recordings. 
    President Donald Trump lashed out at Omarosa Manigault Newman Monday over book, recordings. 
  • Sean Young under investigation for alleged laptop theft

    Sean Young under investigation for alleged laptop theft

    Monday, August 13 2018 3:16 PM EDT2018-08-13 19:16:23 GMT
    Tuesday, August 14 2018 6:01 AM EDT2018-08-14 10:01:49 GMT
    New York police say actress-director Sean Young is still under investigation after the alleged theft of two laptops belonging to a production company that fired her. 
    New York police say actress-director Sean Young is still under investigation after the alleged theft of two laptops belonging to a production company that fired her. 
Powered by Frankly
All content © Copyright 2000 - 2018 Midwest Television, Inc. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.