Jackson Estate Makes Record-Breaking Deal

Michael Jackson’s estate continues to successfully market Jackson’s legacy with the following record-breaking deal, which one of the estate’s administrators called an honor in a market with declining records sales:

Administrators of Michael Jackson’s estate and his longtime record label, Sony Music Entertainment, Monday announced a seven-year distribution deal for as many as 10 new Jackson projects, including unreleased recordings, DVDs and perhaps even video games, valued at as much as $250 million.

Chris Lee, Michael Jackson estate, Sony Music Entertainment strike distribution deal, LA Times, March 16, 2010; see also AP, Sony bets MJ fans won’t stop ’til they get enough, March 17, 2010.

Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this to my attention.