An unstoppable force when alive, the legend of the King of Pop Michael Jackson is living up to its billing, even after the singer’s untimely death. It has today been announced that Jackson’s estate have signed a record-breaking deal with Sony Music Entertainment, worth $250 Million – a figure which earns the lucrative deal the title of the the biggest record deal in music history!
The terms of the partnership, according to The Wall Street Journal, will see up to 10 Jackson album’s released over a 7 year period. Included will be re-packaged versions of Jackson’s material in compilation form, a DVD of his entire video catalogue, as well as LP’s of entirely new and unreleased material – the first of which is set to be released in November. The ‘This Is It’ CD, which accompanied the theatrical release last year, is included in the deal.
Speaking on the deal, Sony Music chairman Rob Stringer: “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”.
For much of his storied career, Jackson’s label home was Sony; a relationship which, despite a few bumps, was a largely fruitful one. It is believed that at the time of his passing, Jackson was prepping the release of his new material via the label (in potential conjunction with tour sponsor AEG).
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Awesome news! It really serves as a testament to level of impact his star had and will continue to have for generations to come.
I’m particularly hopeful that the new material is given the treatment it deserves i.e. great promotion, creative videos, and is aligned with great brands (e.g. movies, commercials etc). What better way to keep his legacy alive. Long live the King!