The landmark deal would give entertainment giant the distribution rights, Jackson's material by 2017, source close to this matter told AFP, increase the deal would be worth about US250 million dollars ($A273.4 billion).
Thanks to the agreement, this agreement against all records of music industry, SONY music Columbia epic tag group and heritage of the recording will keep their hold on for the long-term rights, Jackson directory of music.
They will score distribution of new products, including publishing record, never music because some songs will now in November.
The movie involving up to 10 new Jackson projects, and "music project" will include computer games, and music and film distribution, this matter to insider said. "It could be a DVD, a stage performances, music videos. Creative possibility is very cheerful," the source said.
Jackson, he has been in epic tag sudden death three decades, June 25 in his in Los Angeles rented the building in an overdose of powerful prescription drugs, because he is going to do a series of regression concert in London.
On a controversial remarks, his son's death, Joe Jackson said, the pop star is "death when he alive". He may be proved right.
The king of pop music is the artist's most record sales in the United States last year and 8.3 million copies sold, nearly twice the number painter country - pop two dots Taylor swift star 4.6 million albums copies.
Since his death, Sony has sold some 31 million Jackson albums worldwide. The album to accompany the This Is It movie has sold five million copies, Sony said.
The posthumous concert movie, based on video of Jackson's rehearsals for the London concerts, has already grossed more than $US250 million ($A273 million) worldwide.
"By all objective criteria, this agreement with Sony Music demonstrates the lasting power of Michael's music by exceeding all previous industry benchmarks," entertainment lawyer John Branca, one of the estate's executors, said in joint statement with Sony.
The closest comparable contracts would be rapper Jay-Z's 2008 accord with Live Nation worth $US150 million ($A164.04 million) for recordings and concerts.
Madonna secured a 10-year, $US120 million ($A131.23 million) contract.
The deal would guarantee the late singer's heirs more important revenues then those of other dead stars, going a long way to easing the estimated $US500 million ($A546.81 million) in debt Jackson left behind due to his lavish lifestyle.
Elvis Presley's heirs share between $US50 million ($A54.68 million) and $US60 million ($A65.62 million) each year from sales of music albums and other products.
A Los Angeles court has named Jackson's mother, Katherine Jackson, 79, the guardian of his three children, Prince Michael, 12, Paris, 11 and Prince Michael II, 7, as well as of his estate, which includes his Neverland ranch and rights he held to songs by The Beatles.
"We believe we have a partner in Sony that knows and appreciates Michael's artistry as well as the passion of his fans," said another estate administrator, John McClain.
Jackson's doctor Conrad Murray last month pleaded not guilty to involuntary manslaughter in connection with the sudden death, but has admitted administering the drugs to the singer.
In October, Forbes Magazine named Jackson as number three in its annual Top-Earning Dead Celebrities list, earning $US90 million ($A98.43 million) in the months after his death.
Fashion legend Yves Saint Laurent topped the list with $US350 million ($A382.76 million) in posthumous earnings, while Elvis Presley came just behind Jackson with $US55 million ($A60.15 million).
Thanks to the agreement, this agreement against all records of music industry, SONY music Columbia epic tag group and heritage of the recording will keep their hold on for the long-term rights, Jackson directory of music.
They will score distribution of new products, including publishing record, never music because some songs will now in November.
The movie involving up to 10 new Jackson projects, and "music project" will include computer games, and music and film distribution, this matter to insider said. "It could be a DVD, a stage performances, music videos. Creative possibility is very cheerful," the source said.
Jackson, he has been in epic tag sudden death three decades, June 25 in his in Los Angeles rented the building in an overdose of powerful prescription drugs, because he is going to do a series of regression concert in London.
On a controversial remarks, his son's death, Joe Jackson said, the pop star is "death when he alive". He may be proved right.
The king of pop music is the artist's most record sales in the United States last year and 8.3 million copies sold, nearly twice the number painter country - pop two dots Taylor swift star 4.6 million albums copies.
Since his death, Sony has sold some 31 million Jackson albums worldwide. The album to accompany the This Is It movie has sold five million copies, Sony said.
The posthumous concert movie, based on video of Jackson's rehearsals for the London concerts, has already grossed more than $US250 million ($A273 million) worldwide.
"By all objective criteria, this agreement with Sony Music demonstrates the lasting power of Michael's music by exceeding all previous industry benchmarks," entertainment lawyer John Branca, one of the estate's executors, said in joint statement with Sony.
The closest comparable contracts would be rapper Jay-Z's 2008 accord with Live Nation worth $US150 million ($A164.04 million) for recordings and concerts.
Madonna secured a 10-year, $US120 million ($A131.23 million) contract.
The deal would guarantee the late singer's heirs more important revenues then those of other dead stars, going a long way to easing the estimated $US500 million ($A546.81 million) in debt Jackson left behind due to his lavish lifestyle.
Elvis Presley's heirs share between $US50 million ($A54.68 million) and $US60 million ($A65.62 million) each year from sales of music albums and other products.
A Los Angeles court has named Jackson's mother, Katherine Jackson, 79, the guardian of his three children, Prince Michael, 12, Paris, 11 and Prince Michael II, 7, as well as of his estate, which includes his Neverland ranch and rights he held to songs by The Beatles.
"We believe we have a partner in Sony that knows and appreciates Michael's artistry as well as the passion of his fans," said another estate administrator, John McClain.
Jackson's doctor Conrad Murray last month pleaded not guilty to involuntary manslaughter in connection with the sudden death, but has admitted administering the drugs to the singer.
In October, Forbes Magazine named Jackson as number three in its annual Top-Earning Dead Celebrities list, earning $US90 million ($A98.43 million) in the months after his death.
Fashion legend Yves Saint Laurent topped the list with $US350 million ($A382.76 million) in posthumous earnings, while Elvis Presley came just behind Jackson with $US55 million ($A60.15 million).
没有评论:
发表评论