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Michael Jackson has proven to be most profitable after his untimely demise.  His estate has negotiated the richest record deal in history – a $200 million guaranteed contract with Sony Music Entertainment for 10 projects over seven years.  With incentives, this number could increase by another $50 million.  This contract has several projects already completed such as the double-disc attached to his posthumous This Is It documentary.  Other projects speculated to be a part of this deal are a comprehensive video collection on DVD, a re-release of Off The Wall and other unreleased material. MJ has already sold more than 31 million records since his death last June.

This entry was posted on Tuesday, March 16th, 2010 at 2:54 am and is filed under Business, Music, News. Tags: $200 million, Michael Jackson, Off The Wall, Sony Music Entertainment, This is It