News

Michael Jackson, Inc: The First-Year “Deathiversary” Arrives…

Michael Jackson the entertainer has passed away. But one year later, Michael Jackson the enterprise is running full-steam ahead. Friday marked the first-year anniversary of the singer’s death, and nearly everyone can remember when MJ passed. Now, celebrations are happening around the world for a star whose past transgressions have been posthumously washed away.

Those emotions are powering a very lucrative Michael Jackson, Inc., and the estate is busy counting its cash. Jackson himself is no longer around to burn the Benjamins, and since last June, some estimates peg Jackson Estate revenues at $1 billion. That includes nearly $250 million in music sales alone, according to one estimate from Billboard. The rest is coming from an entertainment powerhouse that includes the documentary This Is It, an upcoming game from Ubisoft, a Cirque du Soleil production, and lots more.

Also, a 50-percent stake in the Beatles catalog is also spitting handsome returns. And, a more comfortable financial position may be empowering the Jackson estate to reconsider a planned sale of its stake in Sony/ATV Music Publishing LLC. According to Bloomberg, the rethinking is based on a desire to capture far greater long-term gains, the tried-and-true philosophy among smart publishers

Leave a Reply

Search