
MJ might have passed away but his family and estate is reaping the benefits having just signed the biggest recording contract in history with Sony Music. The $200 million guaranteed contract is for 10 projects over seven years and depending on performance, could pay out an additional $50 million.
According to various sources, future projects may also include a video game, a DVD compilation of videos and a re-release of “Off the Wall,” Jackson’s fifth studio album. While the deal seems like an astronomical amount of money, Michael was over $400 million in debt when he passed away. Of course it has been after his death where the money and popularity of the King of Pop has had a resurgence. Records indicate his estate made over $100 million from the movie project This Is It.
