and the winner is Michael Jackosn @ 250 million, suprise!

so i can across this on Yahoo and thought I would share, for any1 who keeps up with this sort of stuff.

Anyway as I was reading it, and started to think about the deal Prince made back in the day....i read different figures (100, 125 mil etc). At one time long ago he was the benchmark....

http://new.music.yahoo.co...--61990644
[Edited 3/16/10 9:25am]

1817 said:

There is going to be a WHOLE lot of recycling happening. Then again, that's exactly what happened with Elvis and it worked.

Sony Inks Reported $250 Million Michael Jackson Deal

By DOUGLAS MCINTYRE
Posted 5:00 AM 03/16/10 Sony




Michael Jackson, like Elvis Presley before him, may make more money in death than in life. Sony (SNE) has signed a deal with the departed singer's estate worth as much as $250 million. The Wall Street Journal reports that "With 10 albums over seven years, the deal will involve a mix of previously unreleased songs and new packages of familiar ones."

The contract may be the largest record deal in history. The paper reports that 31 million Jackson albums have been sold since his death on June 25. The Journal says, "The advances being paid by Sony are to be offset by sales of albums as well as revenue generated by licensing Mr. Jackson's music for uses like videogames, movies and theatrical performances."

Sony can distribute Jackson's material through 2017, so it's betting on the artist's long-term appeal. The deal is also retroactive to cover the income from Jackson's concert film This Is It, although other parts of the Jackson estate are not included in the agreement. The income from the transaction will be used, at least in part, to pay down tens of millions of dollars in debts that Jackson owed.

The Forbes annual list of dead celebrities, called "Dead Celebs," shows that the bet on Jackson is probably a safe one. He ranks third on the list with $90 million in earnings in 2009. Yves Saint Laurent is first with $350 million followed by Rogers & Hammerstein at $235 million. Elvis is fourth at $55 million.

Jackson has regained his popularity but at an awful cost.

Biggest fan fleece job.....

CHIC0 said:

OMG

nobody may believe me when i say this -and it's o.k.

but here goes....

Michael Jackson is alive and well(to me, he is). when i read about this deal (which actually "leaked" yesterday),i'm sitting here and thinking to myself how could i have ever been a fan of prince? all this time i THOUGHT that he was a genius but not anymore....Michael Joseph Jackson is..he pulled off the hoax of the century.

RipTheJacker said:

When this so called deal is complete, the fans will end of with 99% of the same material they already OWN and have paid 4 multiple times.

Graycap23 said:

That’s all speculation

You just don’t know.

All those breaking records , It proved that MJ is the truth.

Graycap23 said:

The truth. Nothing against the fans because i am one myself but why
am i gonna pay money for another greatest hits project for just one
or two new songs when i already have one and i can just download the
new songs if i like them.

phunkdaddy said:

we don't know anything at this point..lets wait and see.

Michael Jackson Deal: $225 Mil Just for Records, Nothing Else
By: Roger Friedman // Monday March 15, 2010

The new Sony deal for Michael Jackson’s new records is actually worth $225 million according to my sources.

That means that Jackson attorneys John Branca (a co-executor) and Joel Katz, with the help of co-executor John McClain, have cut for Michael Jackson’s estate the richest deal ever in recording business history. It far exceeds the deal Sony made with Bruce Springsteen a couple of years ago for $100 million.

The deal is only for records for the next seven years. It already includes the soundtrack to “This Is It.” Come November, the first scheduled release will be a collection of unreleased tracks perhaps including a duet with Paul Anka and one or two songs left off of “Thriller.”

Two more releases will be anniversary editions of “Bad” and “Off the Wall” which will include extra and remixed tracks a la the 25th anniversary edition of “Thriller.” McClain and hopefully Jackson’s longtime manager Frank DiLeo will be involved with those.

There are also enough tracks for at least one or two live albums from various Jackson tours.

The Sony deal does not include anything to do with Michael’s publishing, live shows still to be arranged, or merchandise. A show with Cirque du Soleil, as I’ve written before, will be announced shortly for Las Vegas.

But all of that is separate. What happened: Since his death Jackson has sold 31 million albums worldwide. Sony, which had parted company with Jackson before his death, wants to remain in the Jackson business. With this contract, they will be in business with his estate for at least seven more years.

Insiders say that Jackson’s estate will retain the rights to all the master recordings, too. This is highly unusual. Also: Branca, Katz and McClain also, apparently, renegotiated Jackson’s royalty rate with Sony for this deal. “It’s the highest rate anyone’s ever had,” says a source.

At this rate, the prediction is that Jackson’s huge debt leveraged against his own MiJac Music Publishing will be paid off in a short time. His even bigger debt, secured against his one half interest in the Sony/ATV Music Publishing company–also known as the Beatles catalog–will be refinanced and reduced. When Jackson died, sources point out, he was $500 million in debt.His estate is now solvent, and his children are well taken care for their lives.

It is the sad irony of the Michael Jackson story that for years he suffered financially, and drifted in his career. Since his death. his career and finances have flourished.

seeingvoices12 said:

Lol.....keep spending 4 hard earned $, Sony loves U.

seeingvoices12 said:

Oh i never believe anything i read about the Jacksons on the org.
All i do is wait and see the facts before responding with 30 posts.

Graycap23 said:

MJ's estate supported the project , what the

Im not gonna buy the repackaged albums, Only the new ones, we are talking about 10 NEW ALBUMS being released, we don't know anything at this point.

phunkdaddy said:

How about that great new release of material, the cd "This Is It"?

seeingvoices12 said:

mj da truff

Whatever we´re gonna end up with, I am still happy that Mike matters that much.

Graycap23 said:

how come u hate mj so much.....

mookie said:

And Roger Friedman never lies....he just sort has a "mild" imagination.

alexothetimes said:

Graycap23 said:

yea you

Here we go...

ScarletScandal said:

Scoot over, hun...

But unfortunately this is an MJ thread so we can eat popcorn at the MJ sticky lol
[Edited 3/16/10 12:57pm]

Timmy84 said:

Lol.....Mj fans are funny. 1 new song on a so called new release and they go nuts.

I was waiting on this and other lucrative deals that's bound to come. When you think about how Marilyn Monroe, Bob Marley, Elvis' estates have all branched out into various forms of merchandising it was inevitable that Mike's estate would go this route. Hell, this is probably just the beginning.

Sony on the other hand are going to try to milk this Michael Joseph Jackson cow until infinity.

How many times can they release the same albums over and over and over again???

I know they sell a ton of copies, but it feels like folks are getting ripped off.

Then again, if you're stupid enough to buy ANOTHER reissue of Off the Wall, you deserve to get ripped off!!!

It's already posted on the MJ sticky, thanks http://prince.org/msg/8/331303

The Very Best of Michael Jackson
The Definitive Collection
Greatest Hits: 1969-1982
Greatest Hits: 1987-2001
King of Dance- The Visual Anthology
Moonwalker- The Video Collection
Michael Jackson: The Remixes
Off the Wall - The 35th Aniversary Edition
Bad- The 25th Aniversary Edition
HIStory- The Future (CD 2 re-issue)