He's still breaking records!
The contract will give Jackson's former label, Sony, the rights to sell and distribute the pop star's unheard recordings and back catalogs through 2017!!
Jackson's estate will apparently be rewarded up to $250 million for the use of his back catalog!
Holy shiz!! That is UNHEARD OF!!
Rob Stringer, chairman of Columbia/Epic Label Group, a division of Sony, says:
“It’s not just a record deal. We’re not just basing this on how many CDs we sell or how many downloads. There are also audio rights for theater, movies, computer games. I don’t know how an audio soundtrack will be used in 2017, but you’ve got to bet on Michael Jackson in any new platform.”
Wow. We hope people are still interested in Jackson in seven years, or this is going to be a MASSIVE misstep for Sony!
What do U think??? Are U interested in unreleased Michael Jackson recordings?
[Image via WENN.]