Michael Jackson’s new record deal
Michael Jackson during a concert in 1988. (AP Photo/Cliff Schiappa)
Pop singer Michael Jackson is still making it rain with dollars bills even from beyond the grave.
Jackson’s estate scored the biggest recording deal in history, according to Billboard magazine.
The record deal is worth $200 to $250 million for 10 music projects during the next seven years. The projects include video compilations, unreleased songs, DVD’s and a re-release of Jackson’s “Off The Wall” album.
Since Jackson is no longer here, the money will go to his children, his mother and the executors of his estate.
Jackson was swimming in debt when he died, so some of the money probably will be used to pay some of his creditors who have filed claims against him.
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