Sony Atv London
Records registry agreement for Michael Jackson
Sales of Michael Jackson's album En Vivo
Several months after his death, Michael Jackson continues to record, thanks to a deal involving his farm and Sony worth $ US250 million.
The agreement, promoted by Sony and property of Jackson as the most lucrative recording contract ever, guaranteeing the property at least $ US200m.
With 10 albums in seven years, the agreement will contain some unreleased songs and two repackaged favorite hits.
The dollar amount is particularly striking in the context of the music business as a whole, where album sales U.S. have nose dived Fifty-two percent in a decade.
Superstar deals worth millions of dollars per album were rare, even at the height of the explosion selling album in the late nineties.
On the first anniversary of his death, his assets have earned $ US250m expects sales of music, merchandise and tickets to the posthumous "This Is It 'concert documentary.
The farm is likely to pay about $ US125m debt at year-end, including $ US35m because AEG Live concert promoter in London.
The farm is likely to refinance another $ US325m backed by two great assets Jackson: Sony / ATV Music Publishing, its joint venture with Sony, which owns rights to 251 Beatles songs, and his 1000ha Neverland Valley Ranch outside Santa Barbara, California.
In striking the deal, Sony is confident that the interest in Jackson's music will be more than just a spike generated by his sudden death and frenzy of the media later.
A record deal struck in the early eighties Jackson gave possession of his recordings.
Sony had exclusive distribution rights through 2015.
The deal retroactively covers the soundtrack of This Is It, in addition to host one of the emissions, some already planned, others to be determined at a later date. The agreement also likely expanded reissues of Jackson albums Off the Wall and Bad and collections of remixes.
A DVD of all the music videos for Michael Jackson is also a strong possibility.
Cirque Du Soleil can also create a show based on the music of Michael Jackson, as it has done with the music of the Beatles.
If it does, a soundtrack of some sort, likely to be included in the offer.
Resources:
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