billyworld99
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26-12-2010) Despite lagging behind Susan Boyle's 'The Gift' and Taylor Swift's 'Speak Now,' Michael Jackson's 'Michael' has done well even though it trails short of last year's soundtrack of 'This Is It,' which sold 373,000 on its first week. And over the past year Michael's legacy has earned some $275 million, more than any other entertainer, including Lady Gaga, Beyonce, Madonna and Jay-Z combined. And although 'Michael' comes in behind both Swift and Boyle on the charts, many feel that the new album is performing much better than many industry insiders had expected.
This bodes very well for the long-term earnings prospects as 'Michael' was the first of many planned albums scheduled to be released over the next seven years as part of the Jackson estate's deal with Sony Music. This should result in between $200 million to $250 million over the course of the contract.
The estate also received an additional $60 million advance for the film 'This Is It,' sales of the MJ video game 'Experience,' memorabilia and a re-released autobiography. The estate owns the rights to Michael's music, which took in almost another $50 million with heavy readio play and album sales over the past year and should continue to produce income.
Then add in Jackson estate's 50% interest in the Sony/ATV catalog, which contains half a million songs including titles from Elvis, Eminem, Bob Dylon, Beyonce and not to forget The Beatles. Insiders estimate that the catalog generates yet another $50 million to $100 million per year, producing a total in the neighborhood of $1.5 billion. This brings in an annual $25 million to $50 million for the estate on top of the large sums coming from Michael's own music and merchandise.
Even after coming in third place last week in album sales, Michael still rules!
Source: MJFC / Forbes
This bodes very well for the long-term earnings prospects as 'Michael' was the first of many planned albums scheduled to be released over the next seven years as part of the Jackson estate's deal with Sony Music. This should result in between $200 million to $250 million over the course of the contract.
The estate also received an additional $60 million advance for the film 'This Is It,' sales of the MJ video game 'Experience,' memorabilia and a re-released autobiography. The estate owns the rights to Michael's music, which took in almost another $50 million with heavy readio play and album sales over the past year and should continue to produce income.
Then add in Jackson estate's 50% interest in the Sony/ATV catalog, which contains half a million songs including titles from Elvis, Eminem, Bob Dylon, Beyonce and not to forget The Beatles. Insiders estimate that the catalog generates yet another $50 million to $100 million per year, producing a total in the neighborhood of $1.5 billion. This brings in an annual $25 million to $50 million for the estate on top of the large sums coming from Michael's own music and merchandise.
Even after coming in third place last week in album sales, Michael still rules!
Source: MJFC / Forbes
