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Michael Jackson Still Making Money In Death: $200 Million Deal Inked

Sony Music Entertainment has inked Michael Jackson’s estate to the largest recording contact in history, which guarantees the late King of Pop’s estate at least $200 million for 10 projects over the next seven years, RadarOnline.com has learned.

The agreement will formally be announced Tuesday. Projects in the works include an album of never-released songs slated for release this fall; a re-release of Jackson’s 1979 hit album Off The Wall, with bonus tracks; and a DVD featuring all of Jackson’s videos.

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“During his life, Michael’s contracts set the standard for the industry,” John Branca, one of the Jackson estate executors, said in a statement Tuesday. “By all objective criteria, this agreement with Sony Music demonstrates the lasting power of Michael’s music by exceeding all previous industry benchmarks.”

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Sony’s Rob Stringer said his company is “dedicated to protecting this icon’s legacy, and we’re thrilled that we can continue to bring his music to the world for the foreseeable future.”

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