In the year since his untimely passing, Jackson’s estate has brought in more than $1 billion from music sales, movies, memorabilia and other treasured items.
Billboad magazine reported that demand for the pop legend’s music contributed tremendously to the income surging into the estate. The magazine says Jackson’s albums sales alone have generated $383 million.
Additionally, This is It concert film, which packaged footage of his dress rehearsals for the ill-fated concert series in Great Britain, made over $400 million. A new recording contract was struck by the MJ estate, bringing in another estimated $31 million thus far.
And there’s no end in sight to the money the estate will make. Jackson and Sony Music Entertainment have struck a deal by which 10 albums of his music will be released, including one with previously unreleased material. They will all be released over the next seven years. –terry shropshire
