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Posted: 10:06 PM Mar 15, 2010
Jackson in $200M-Plus Recording Deal
AP Source: Jackson in $200M-plus record-breaking contract
Reporter: Associated Press |
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LOS ANGELES (AP) -- 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 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.
The person spoke on condition of anonymity because the official
announcement is expected Tuesday.
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