Newsone.com has listed ten facts you probably did not know about Michael, including his sales records, his charitable donations and his very high profile business interests.
1. Michael Jackson Is The Highest-Earning Deceased Artist: Besting the vaunted Rock and Roll artist Elvis Presley and former Beatles member singer-songwriter John Lennon, Michael Jackson has been recognized by the Guinness Book Of World Records in a new category for Highest-Earning Deceased Artist, gaining the top honor. In the first year after his passing in 2009, Jackson’s estate raked in a reported $1 billion.
2. Michael Jackson Was A Shrewd Businessman: While many viewed Jackson as a boyish and playful figure, underneath that exterior was the mind of a man who made investments that continue to pay off to this day. In 1985, he wisely purchased the rights to 250 Beatles backlogged songs penned by Lennon and Paul McCartney for $47 million. In 1995, Jackson sold a portion of the catalog to Sony for $95 million, resulting in the powerful joint venture music publishing company Sony/ATV, with annual revenues hovering around $1 billion. This doesn’t include his many endorsement deals, licensing, and other streams of revenue Jackson has generated from his name.
3. Michael Jackson Owns The Distinction Of Having The Biggest Recording Contract Ever: Nine months after his passing, the estate of Michael Jackson signed a deal with Sony Records that gives the company access to a vast vault of unreleased recordings for a whopping $250 million. Ten albums are expected to be released by 2017, including the recent soundtrack to the tour documentary ‘This Is It.’
Read The Rest Here:
No comments:
Post a Comment