The late King of Pop has earned a fortune by any standard since his death his death last year. Billboard.com estimates that Michael Jackson has made at least $1 Billion dollars in posthumous earnings since his sudden passing last June. According to Billboard, Jackson sold nine-million albums in the United States alone. His music sales over the past year, domestic and international, total 429-million-dollars. Then there’s the 392-million-dollars generated by the documentary “Michael Jackson: This Is It” through box office and DVD sales as well as television air rights. Jackson’s music publishing brought in another 130-million-dollars over the past 12 months. And despite the fact that the singer died before the launch of his London comeback concert series, Jackson still earned 35-million-dollars on licensing and touring. Some fans retained tickets as souvenirs and concert merchandise continued to sell, and a Jackson memorabilia exhibit produced by concert promoter AEG is making the rounds around the globe. The Jackson estate also recently signed licensing deals for a dance-oriented video game with Ubisoft and with Cirque du Soleil for a tour and Las Vegas residency. There’s also the 31-million-dollar recording contract signed in March. The agreement between Jackson’s estate and Sony Music Entertainment means ten albums of the King of Pop’s music will be released through 2017. The first installment of music is expected to be released in November as a collection of previously unreleased songs, and a re-release of Jackson’s 1979 “Off The Wall” album is due out next year.
Via: Philadelphia.com
