Michael Jackson Estate Signs $250 Million Contract With Sony
Michael Jackson's estate is making history nine months after his death, signing the most lucrative recording contract in history.
His estate has agreed to a seven year contract with Sony Records worth an estimated $250 million.
Through the contract the record label will have access to Michael's back catalog granting them permission to release unreleased music from the King of Pop.
Additionally, the contract calls for the release of ten CDs with both new and old material repackaged.
Since his death in June, Sony has sold 31 million of his albums worldwide.
They have also collected an estimated $250 million in sales from CDs, memorabilia and his “This Is It” movie.
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