The Estate of Michael Jackson signs $200 million dollar deal

I think Michael’s legacy is priceless but this is the music business so the gravy train must continue. I wonder how much money has been made off the Jacksons in total. Would we even have a music industry without them?

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.

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Sorry No Beatles on iTunes

When this does actually happen it will be huge for the music industry, but right now it is just rumor. More below:

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via Apple Insider

While the Sept. 9 date marks major events for both The Beatles and Apple, the timing is just a coincidence and does not foreshadow any announcements set for Wednesday, a new report claims.

Peter Kafka with MediaMemo cited “a source familiar with the band’s plans” in a story Tuesday, in which he debunks the ongoing rumors that the world’s most famous rock band would see its catalog debut on Apple’s iTunes Music Store.

“If you’re trying to convince people to spend $16.99 for a remastered copy of the White Album,” Kafka asked, “or as much as $250 to play along with the band’s ghostly avatars, why offer a competing product from Apple at the same time? Nor do I see Steve Jobs expressing much interest in coordinating his marketing announcements with the likes of Viacom.”

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