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Michael Jackson Estate Inks Record, Record DealPosted Mar 15th 2010 10:49PM by TMZ StaffTMZ has confirmed the Michael Jackson estate has signed the biggest deal ever in music -- worth up to $250 million with a guarantee of $200 million.The estate made the deal with Sony Music Entertainment. According to the Associated Press, the contract is for 10 projects over 7 years.One album will debut in November, which contains never-before released recordings. We're told Jackson left enough material for at least 3 albums.Read more: You are not allowed to view links. Register or Login
I don't know what to think but my heart is unsettled reading this. Sony? Weren't there other labels out there interested a partnership with Michael? What about Michael himself? Did he really need a label to sell his music?
QuoteMichael Jackson Estate Inks Record, Record DealPosted Mar 15th 2010 10:49PM by TMZ StaffTMZ has confirmed the Michael Jackson estate has signed the biggest deal ever in music -- worth up to $250 million with a guarantee of $200 million.The estate made the deal with Sony Music Entertainment. According to the Associated Press, the contract is for 10 projects over 7 years.One album will debut in November, which contains never-before released recordings. We're told Jackson left enough material for at least 3 albums.Read more: You are not allowed to view links. Register or LoginThat is pretty interesting.First of all: 7 years? That's a weird period for a contract...And MJ left enough for 3 albums, so how are they going to fill the other 7 albums?Contract worth 250 million: 2+5 = another 7...Coincidence? [/color]
The Jackson Estate made the deal with $ONY. John Branca and John McClane are executors of the estate and in charge according to the will. To receive an advance of $200 million, then it would have to be a major label. $ONY is the pitbull that has had it's teeth sunk firmly into this since June 25th. You're not alone, the article made me think unsettling thoughts too. Quote from: "voiceforthesilent"I don't know what to think but my heart is unsettled reading this. Sony? Weren't there other labels out there interested a partnership with Michael? What about Michael himself? Did he really need a label to sell his music?
Maybe this is a good thing? I'm not really too sure. How do we know that he wasn't the one that pushed for this deal to happen. To all of us the estate could just mean the estate where as it's really MJ himself, but to the public it has to say estate, and maybe even to sony it's just the estate. He could just keep releasing music for years and stay in hiding for years. You never know
Quote from: "GirlSaturday"The Jackson Estate made the deal with $ONY. John Branca and John McClane are executors of the estate and in charge according to the will. To receive an advance of $200 million, then it would have to be a major label. $ONY is the pitbull that has had it's teeth sunk firmly into this since June 25th. You're not alone, the article made me think unsettling thoughts too. Quote from: "voiceforthesilent"I don't know what to think but my heart is unsettled reading this. Sony? Weren't there other labels out there interested a partnership with Michael? What about Michael himself? Did he really need a label to sell his music?Something tells me this might not be that bad. Sony got the deal for the movie, without having the highest bid. There must be a reason why Sony gets all the deals. Either they are of use one way or the other, or they will be screwed big time.
Quote from: "mikestanek1"Maybe this is a good thing? I'm not really too sure. How do we know that he wasn't the one that pushed for this deal to happen. To all of us the estate could just mean the estate where as it's really MJ himself, but to the public it has to say estate, and maybe even to sony it's just the estate. He could just keep releasing music for years and stay in hiding for years. You never know 8-) I think I like that
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