Yep, that's right. Michael Jackson has a brand new $200 million contract with Sony Music Entertainment for 10 projects over 7 years. How is this possible? Jackson actually has loads of unreleased recordings and we will likely hear some of them as soon as November. The deal also includes various DVDs, and even a re-release of "Off the Wall". What will make the re-release so special? Previously recorded tracks that were never released. Michael Jackson has already sold at least 31 million albu$s since his death not even a year ago, so this sounds like a pretty great idea to me. Rob Stringer, the chairman of the label group states, "we're dedicated to protecting this icon's legacy and we're thrilled that we can continue to bring his music to the world for the foreseeable future."
I wouldn't doubt it! If "certain conditions are met," the contract could be worth up to $250 million. That's quite an accomplishment for a deceased artist. With all of the hype still around Michael Jackson and his death, I think this is a great idea. These days if you slap MJ's name on anything, it will sell. Die-hard fans will appreciate the new material and the label banking on it will too.