Archive for the ‘this is it movie’ Category
My idol, the King of Pop Michael Jackson is still setting new music industry records. He has raised the bar so high that even if he’s gone, he is still the undisputed king and I am proud to be his fan.
The Michael Jackson estate signed a whooping USD 250M deal with Sony Corporation for up to 10 recordings until 2017. It guarantees the Michael Jackson estate at least USD 200M and would include Michael’s unreleased songs and remixes of his popular hits. That’s about 120 new materials for us if based on 12 cuts per album. And the first installment according to Sony will be due on November of this year.
This deal surpassed Jay-Z’s previous music industry record of USD 150M deal with Live Nation Entertainment. But I am happier for Michael’s kids as the deal profits will so to their trust funds, sharing it with Katherine Jackson. Also, this deal will zero out Michael’s debt.
I Miss You Michael
Here’s more good news, the documentary film “This Is It” grossed USD 252M worldwide, the most of any concert film ever. And it brought USD 100M more to the Michael Jackson’s estate. The kids’ future are now secured and that’s what Michael could have wanted.
It’s a bittersweet victory, from my perspective. It could have been fulfilling if Michael’s still with us. But it’s part of life’s mystery and though it’s hard to accept, I will move on to continue his legacy.
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