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Thread: The King of Pop has ranked No. 1 in this year's list of highest-paid dead celebrities (FORBES)

   
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    Default The King of Pop has ranked No. 1 in this year's list of highest-paid dead celebrities (FORBES)






    There aren’t many living entertainers capable of clocking nine figures in a single year, but Michael Jackson has done it eight times since his 2009 death. Most recently, he tallied an estimated $400 million pretax in 2018, bringing his postmortem total to $2.4 billion. As a result, seeing his number tumble to $60 million in this year—still No. 1 on our list of top-earning dead celebrities—might come as something of a shock. It would be easy to attribute the dip to the well-publicized abuse allegations leveled in Leaving Neverland, but the documentary isn’t the real reason behind the drop.Last year’s figure included a onetime windfall of nearly $300 million for the sale of Jackson’s stake in EMI Music Publishing, as well as a new record deal with Sony and cash from a CBS Halloween special; this year’s total was always bound to be a fraction of 2019’s. But even after his early 2019 reckoning, Jackson’s U.S. streaming totals actually edged up from 1.8 billion to 2.1 billion, an increase of 17%.“Michael Jackson … maybe had a little bit of a downside from the detractors, probably an equal amount of upside from the supporters,” says David Bakula, Nielsen’s senior VP of Insight and Analytics. “He’s just going to continue to grow because streaming’s continuing to grow, and because he’s got some unbelievably popular pop songs.”That said, the days of Jackson’s centimillion-dollar annual earnings totals from beyond the grave may have come to an end—not so much because of a public backlash, but because megadeals and asset sales that fueled his afterlife bonanza have been completed. Among them: pacts for This Is It and the Michael Jackson Immortal World Tour, as well as Jackson’s $750 million haul for his half of the Sony/ATV catalog in 2016, in addition to the aforementioned sale of his EMI stake.Jackson still can count on further payouts from Sony, cash from the Las Vegas show Michael Jackson One and millions from his own Mijac Music catalog, which his estate still controls. And then there’s his sprawling Neverland compound, now known by its original Sycamore Valley Ranch moniker, which at $31 million may finally be priced to sell.There are new avenues to be explored, too. A Jackson-themed musical, whose Chicago run was canceled earlier this year, is set to open on Broadway in August 2020. That sort of production could help Jackson find fresh audiences while connecting with old ones, boosting his reach just as the likes of Spotify and Apple Music have.“Streaming the music helps expose the legacy to potential new fans,” says Jeff Jampol, who manages departed acts including Jim Morrison and Janis Joplin, and has worked with the Jackson estate as well. “Once they do that, they may buy a T-shirt or a poster or a box set … it’s a great marketing tool.”

    https://www.forbes.com/sites/zackoma...r#70279f3f4e5e

    https://www.forbes.com/sites/zackoma...r#70279f3f4e5e

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    Default Re: The King of Pop has ranked No. 1 in this year's list of highest-paid dead celebrities (FORBES)

    Cancel who?

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    Default Re: The King of Pop has ranked No. 1 in this year's list of highest-paid dead celebrities (FORBES)

    Mute Who?

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