Sony in new music deal with Michael Jackson estate

Related Video

Video

Jackson record deal

Tue, Mar 16 2010

1 of 2. A portrait of pop singer Michael Jackson dressed as a king by artist Norman Oak is shown in this image released to Reuters in this February 17, 2009 file photo.

Credit: Reuters/Shaan Kokin/Julien's Auctions/Handout

NEW YORK | Tue Mar 16, 2010 5:45pm EDT

NEW YORK (Reuters) - The King of Pop is dead; long live the King of Pop.

That's what Sony Music seemed to be saying after signing a $250 million 10-album deal for previously unreleased music and the catalog from the late Michael Jackson.

The label, a unit of Sony Corp, is expected to release the first batch of new music in November.

Jackson has been with Sony's Epic label for 30 years and the new deal with his estate extends his time with the label from 2015 to 2017.

The self-proclaimed King of Pop, was one of 2009's biggest-selling artists, as fans, new and old, mourned his passing on June 25. The sales provided a boost to Sony Corp overall.

Sony Music sold 28 million Michael Jackson albums, including 5 million copies of the soundtrack from "This Is It," a documentary of the slate of shows the star was planning at the time he died.

Sony's Hollywood studio unit Sony Pictures produced the film, which took the number one spot in DVD sales breaking previous records for first-week sales of a music film.

(Reporting by Yinka Adegoke; Editing by Derek Caney)
Entertainment
Fashion
Music
People

Related Quotes and News

Company
Price
Related News

Entertainment News From the Wrap

Photo

'Game of Thrones' Season 2 Poster Promises a Bloody Good Time 5:15pm EST

"War Is Coming" to HBO's fantasy hit; wait, it's going to get even more violent?

Photo

Whitney Houston iTunes Price Hike Was a 'Mistake,' Sony Says 5:19pm EST

Deceased pop singer's record company blames the price jump following her death on employee error

Photo

Matt Groening Gives UCLA $500,000 for Animation 4:07pm EST

"The Simpsons" creator endows Matt Groening Chair in Animation to UCLA's School of Theater, Film and Television

Photo

'Inside Apple': Why 'Everyone Inside Wants Out' 5:08pm EST

Author Adam Lanshinsky pulls back the curtain on the inner workings of his company where "fear is palpable"

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (4)
STORY-BURN wrote:
When Elvis died, he instantly became worth more than ever before. Same with poor Michael

Mar 15, 2010 11:07pm EDT  --  Report as abuse
PwlM wrote:
underground music scene
lol

Mar 15, 2010 11:58pm EDT  --  Report as abuse
fh794631570 wrote:
呵呵~~

Mar 16, 2010 1:59am EDT  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
See All Comments »