The estate of late pop icon Michael Jackson and Sony Corp. have signed a deal for one of the most lucrative recording contracts in history. The deal guarantees the Michael Jackson estate over $200 million in income and will produce around 10 new albums over the next decade.
The Michael Jackson Sony deal will result in 10 new albums mixed of previously unreleased songs and familiar fan favorites. The Michael Jackson estate stands to garner over $200 million in revenue from the deal, which also includes licensing arrangements for use of the late singer’s material in movies, television and other productions. New lines of Michael Jackson memorabilia will also be on tap for fans.
The Sony deal’s first acquisition will be a retroactive claim to Michael Jackson’s This Is It soundtrack, released last year. A new Michael Jackson album of previously unreleased tracks is scheduled to be released later this year.
â€œItâ€™s not just a record deal,â€ Rob Stringer, chairman of the Sony’s Columbia/Epic Label Group division, told the New York Times. â€œWeâ€™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 donâ€™t know how an audio soundtrack will be used in 2017, but youâ€™ve got to bet on Michael Jackson in any new platform.â€
Michael Jackson may be gone, but the new Sony deal with his estate ensures his legend will continue to permeate the music industry and our culture at large for many years to come.
The Michael Jackson documentary This Is it took over at number one in the weekend box office,Â pushing low-budget horror hit Paranormal Activity down to the number two spot.
This Is It landed at number one at the box office over the weekend, raking in a domestic total of $21.3 million. The film has so far garnered over $101 million worldwide since its release five days ago.
Low-budget horror darling Paranormal Activity slipped to number two in the box office over the weekend, raking in $16.5 million, for a total of $84.8 million overall. Not too shabby for a film reportedly filmed for somewhere around $15,000 and purchased for only $300,000 by Paramount. In contrast, Sony Pictures paid $60 million for the film rights to This Is It.
Sony has announced it will extend the theatrical run for This Is It for an additional three weeks in the U.S. and one to three weeks overseas.
Kenny Ortega, the director of the Michael Jackson documentary This Is It, has spoken out about speculation the film might be nominated for an Academy Award.
Sony Pictures has received two disappointing blows this week so far in their release of the Michael Jackson This Is It documentary. First, the film as so far generated much lower ticket sales than projected, garnering only $20.1 million so far of the $60 million investment made in the film. Second, Sony Pictures has pulled plans to release the film on DVD in time for the holiday shopping season due to protests from movie theater owners who feared the quick DVD release would damage ticket sales.
In spite of the less than blockbuster success expected for the film, there is some good buzz for Sony Pictures. Speculation This Is It might come away with more than a few award nominations, including an Oscar nod. Unfortunately the film was released too late to be nominated for the Best Documentary category, but it could still be eligible for other Oscar awards, including Best Picture.
This Is It director Kenny Ortega is not lending much weight to the Oscar speculation yet, however. “Awards, Oscars, that’s all great wishful thinking,” Ortega said, according to CBS news. More important for Ortega though was “telling a good story and creating a film for the fans, really enabling them to understand what Michael Jackson had dreamed for them.”
Rumors are circulating that someone out there has illegally obtained Michael Jackson autopsy photos taken while his body was at the L.A. Coroner’s Office. The person supposedly holding information about the alleged photos also reportedly once helped a journalist track down Princess Diana death scene photos after she died in a horrific car crash.
According to Gerald Posner at theDaily Beast, he received a phone call last week from someone claiming to have knowledge of an illegally obtained Michael Jackson autopsy photo. This is, allegedly, the same source that once helped Posner track down rumored photos from Princess’ Diana’s fatal car accident. Those photos turned out to be real.
As for the alleged Michael Jackson autopsy photos, the verdict is still out whether they exist or not. Posner attempted to track them down, but ran into a wall when the restaurant owner who supposedly has them broke off contact with him.
If such a photo does exist, it would likely garner $1 million or more for publishing rights. If anyone was sleazy enough to publish it. Then again, CBS’s 48 Hours did eventually air some of the Princess Diana death photos. So if the photo is out there, more than likely we’ll see it eventually – whether we want to or not.
The wait is finally over for Michael Jackson fans. The Michael Jackson documentary film This Is It, featuring The last video footage of the late superstar performing, hits theaters worldwide on Tuesday.
This Is It will premiere around the world on Tuesday to sold-out crowds. The Hollywood premiere of the film will take place at the Nokia Theatre. This Is It director Kenny Ortega, along with celebs such as Snoop Dogg, Zac Efron and Smokey Robinson are expected to attend.
Fan reaction to the film so far has been mixed. While millions of fans are eagerly anticipating seeing video of Michael Jackson in his final days, some are not so positive about the documentary. One collection of fans has launched a “This Is Not It” campaign, claiming Michael Jackson was pushed beyond his limits the last few months of his life by business colleagues and friends alike.
Few actually saw the film in its entirety before its release. Even entertainment journalists were granted only a 12 minute clip of the film to review last week. One who was granted a viewing of the entire film – Michael Jackson longtime pal Elizabeth Taylor. Posting on Twitter Monday, Taylor said This Is It “is the single most brilliant piece of filmmaking I have ever seen… It cements forever Michael’s genius in every aspect of creativity.”
The date for Michael Jackson‘s funeral has been pushed back to September 3rd, the Jackson family has announced. Michael’s father, Joe Jackson, leaked the news earlier this week that the burialÂ was scheduled to beÂ held on what would have been the pop icon’s 51st birthday, August 29th.
Initially the Jackson family confirmed the funeral for Michael Jackson would take place on August 19th. Then it was rumored the date had changed to August 31. The family released an official statement on Friday saying the service would be pushed back to September 3rd. No reason was given for the move. Michael Jackson’s body will be interred at Glendale, California’s exclusive Lawn Memorial Park Great Mausoleum.
Meanwhile, the release of the Michael Jackson movie documentaryThis Is It has been moved up to October 28. The film, which features footage of Jackson rehearsing for his London comeback tour, will play in theaters for a limited run of two weeks. Tickets for theÂ movie go on sale September 27.
As for the date on which people will actually let Michael Jackson finally rest in peace, we estimate that to be sometime between never and a snowball’s chance in hell.