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Jackson's record record deal
Summary
17 March 2010
Record company Sony have signed a deal to release old and new songs by the late pop star Michael Jackson. The deal is worth about $250 million and is the biggest ever made for any artist, living or dead.
Reporter:
Rajesh Mirchandani
Report
The deal with Michael Jackson's long-time record company Sony is worth up to a quarter of a billion dollars over seven years. It's the biggest ever and includes ten projects. Among them at least one album of entirely1 new songs Jackson recorded before he died.
Some old hits will be re-issued as well, perhaps re-mixed for a younger audience. And a DVD of his music videos is likely too.
It's a bonanza2 for fans but also a shrewd bet on his future bankability. Pop stars often earn money after they have died, but nothing on this scale. More than 30 million Michael Jackson albums have been sold since his death, making him one of the highest-earning artists of last year.
It means Michael Jackson's estate can look forward to huge earnings3, benefitting his children, his mother and several charities.
It will also help to pay off some of the $400 million in debt the star left behind.
The contract dwarfs4 those for other stars. In recent years rap mogul Jay-Z signed a deal worth $150 million and Madonna for $120 million.
Rajesh Mirchandani, BBC, Los Angeles
1 entirely | |
ad.全部地,完整地;完全地,彻底地 | |
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2 bonanza | |
n.富矿带,幸运,带来好运的事 | |
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3 earnings | |
n.工资收人;利润,利益,所得 | |
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4 dwarfs | |
n.侏儒,矮子(dwarf的复数形式)vt.(使)显得矮小(dwarf的第三人称单数形式) | |
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