Welcome to Generation Jackson Discussion Board.

You are currently viewing the forum is guest mode which means you cannot see a lot of the discussion board. Things are hidden for guests. By joining the community you will be able to create and write in topics as well as take part in many opportunities.

Joining is free, quick and simple. So please join Generation Jackson.

Were a whole new generation!
Welcome to Generation Jackson Discussion Board.

You are currently viewing the forum is guest mode which means you cannot see a lot of the discussion board. Things are hidden for guests. By joining the community you will be able to create and write in topics as well as take part in many opportunities.

Joining is free, quick and simple. So please join Generation Jackson.

Were a whole new generation!
Would you like to react to this message? Create an account in a few clicks or log in to continue.



 
HomePortalLatest imagesRegisterLog in
Welcome To Generation Jackson, we hope you enjoy your stay! Let´s spread the Legacy of Love of the King Of Pop!

Share | 
 

 The Michael Jackson Estate has earned almost a BILLION US dollars since 25th June 2009!

View previous topic View next topic Go down 
AuthorMessage
MICHAELa
Admin
Admin
MICHAELa

Age : 44
Location : Slovakia
Posts : 196

The Michael Jackson Estate has earned almost a BILLION US dollars since 25th June 2009! Empty
PostSubject: The Michael Jackson Estate has earned almost a BILLION US dollars since 25th June 2009!   The Michael Jackson Estate has earned almost a BILLION US dollars since 25th June 2009! EmptyMon Jun 07, 2010 9:09 am

Michael Jackson's estate has raked in close to a billion dollars in the year since he died.

The huge sum - from record sales and lucrative deals brokered by the estate - is 47 TIMES what the debt-ridden King Of Pop made the previous year.

That's nearly two thirds of what Elvis Presley's estate has made in the 33 YEARS since his death. If the cash keeps rolling in, Jackson's children, Prince Michael, 12, Paris, 11 and Blanket, seven, will get billions from their trust funds when they reach 21.

A source said: "The estate has made around $900million (£614m) in cash since Michael's death. This is an incredible amount. No other artist has ever made that much since they died. It should ensure Michael goes down in history as the greatest artist of all time."

Record sales soared as soon as news of Jackon's death was announced on June 25 last year.

More than 415,000 albums were sold in the first four days in America alone - and 2.3million songs were downloaded across the world.

In the previous year Jackson, who was struggling to pay off $500million of debts and was selling off his beloved Neverland Ranch, had sold just 10,000 records, got cash from 37,000 downloads - and made an estimated $19million.

His estate, run by two US lawyers, has since signed the most lucrative recording contract ever - a $250million deal with Sony for continuing rights to his music and further unreleased songs.

A $200million contract with Cirque du Soleil to create a Michael Jackson show in Las Vegas is also said to be in the pipeline. Jackson merchandise, profits from The Beatles songwriting catalogue which he bought in 1985, and the This Is It film released after his death helped raise the $900m.

The estate has won a court order so details about the money can be kept from the public.

But a lawyer for Jackson's father Joe, who wants a share of the cash, said: "They are being too secretive. The public has a right to know what the estate is doing in his name."

by Graeme Culliford

source: http://www.mirror.co.uk/celebs/news/2010/06/06/wad-jackson-s-earned-1bn-since-he-died-a-year-ago-115875-22313471/

Only one word: WOW.......
Back to top Go down
 

The Michael Jackson Estate has earned almost a BILLION US dollars since 25th June 2009!

View previous topic View next topic Back to top 

 Similar topics

+
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
 :: Because this is Michael street! :: This Time Around-
Jump to: