At the time of his death last June, Michael Jackson was reportedly deeply in debt and had agreed to sign on for an unprecedented 50-date run at the O2 arena in London, as a means of turning his financial fortunes around.
But thanks to a flurry of merchandising deals and a flood of nostalgia-fueled সঙ্গীত sales, his estate has generated nearly $1 billion in the past year,Billboard reports via Reuters.
Billboard broke down the উৎস of that windfall, determining that nearly half of it came from the robust সঙ্গীত sales following the singer's shock death on June 25, 2009. Jackson has sold 9 million albums in the U.S. and 24 million around the globe since his death, along with around 800,000 copies of albums দ্বারা the Jackson 5 and the Jacksons. Assuming a worldwide retail sales price of $11.62 per unit, the magazine estimated that the Jackson catalog brought in about $383 million in sales.
Add in 12.9 million track downloads in the U.S. over the past year, along with 26.5 million in international downloads, and আপনি have another $34 million. Then there's about 1.5 million in ringtone sales in America, another 3 million globally for another $5 million, as well as $2 million from digital performance royalties from সঙ্গীত subscription services and $4.5 million from global digital performances for a সঙ্গীত total of $429 million.
The সেকেন্ড biggest উৎস of revenue was TV and movie projects, led দ্বারা the "Michael Jackson: This Is It" documentary about the singer's final rehearsals for his planned লন্ডন shows. Sony Pictures paid $60 million for the rights to the film, which earned $72 million at the box office to become the highest-grossing সঙ্গীতানুষ্ঠান film ever. It earned an additional $188 million overseas, while the DVD of the film raked in $43 million in the U.S., as well as $24 million in rental income. It earned $18 million just in জাপান on the first দিন of release and another $7 million in Blu-Ray sales.
Billboard also speculated that the sales of the TV rights to "This Is It" to Viacom (the parent company of MTV) may have generated an additional $15 million, and licensing fees for nontheatrical performances (airplanes, cruise ships, hotels) could bring in around $24 million.
One of Jackson's traditional cash cows, his সঙ্গীত publishing rights, was another lucrative উৎস of income, taking in nearly $130 million. The singer's Mijac publishing company — with an estimated value of $75 million in 2005 — has a current value of around $150 million, generating around $25 million a বছর in revenue, with that number possibly doubling to $50 million in the past year. Jackson's half ownership of the lucrative Sony/ATV catalog could be worth as much as an additional $80 million a year.
The executors of Jackson's estate have cut a series of deals over the past year, resulting in around $35 million in additional revenue. Because many অনুরাগী declined to return their tickets to the লন্ডন This Is It shows, preferring to retain them as keepsakes, those tickets were worth $6.5 million, along with around $5 million in সঙ্গীতানুষ্ঠান merchandise sales; a সেকেন্ড deal with merchandise maker Bravado cut in August reportedly included a $10 million advance. A Jackson memorabilia exhibit in জাপান has earned $3.5 million. And additional licensing royalties and retail sales could have rolled up $10 million অথবা আরো for the estate.
It is not known how much game-maker Ubisoft paid to license Jackson's image for an upcoming video game অথবা what potential revenues could be from a pair of upcoming Jackson-themed Cirque du Soleil shows.
Finally, even in death Jackson has one of the most lucrative recording contracts around. Sony সঙ্গীত Entertainment cut a deal in March with the estate to release 10 Jackson albums through 2017. From a collection of previously unreleased Jackson songs due in November to reissues of such landmark albums as 1979's solo debut, Off the Wall, the estate is guaranteed between $200 and $250 million for the Sony pact. Though none of the albums have been released yet, if just one of the contract's eight years comes off as planned, it could add $31 million to the estate's coffers.
Celebrate Michael Jackson's legacy all week long as এমটিভি News looks back at his life, his সঙ্গীত and the death that shook the world one বছর ago.
But thanks to a flurry of merchandising deals and a flood of nostalgia-fueled সঙ্গীত sales, his estate has generated nearly $1 billion in the past year,Billboard reports via Reuters.
Billboard broke down the উৎস of that windfall, determining that nearly half of it came from the robust সঙ্গীত sales following the singer's shock death on June 25, 2009. Jackson has sold 9 million albums in the U.S. and 24 million around the globe since his death, along with around 800,000 copies of albums দ্বারা the Jackson 5 and the Jacksons. Assuming a worldwide retail sales price of $11.62 per unit, the magazine estimated that the Jackson catalog brought in about $383 million in sales.
Add in 12.9 million track downloads in the U.S. over the past year, along with 26.5 million in international downloads, and আপনি have another $34 million. Then there's about 1.5 million in ringtone sales in America, another 3 million globally for another $5 million, as well as $2 million from digital performance royalties from সঙ্গীত subscription services and $4.5 million from global digital performances for a সঙ্গীত total of $429 million.
The সেকেন্ড biggest উৎস of revenue was TV and movie projects, led দ্বারা the "Michael Jackson: This Is It" documentary about the singer's final rehearsals for his planned লন্ডন shows. Sony Pictures paid $60 million for the rights to the film, which earned $72 million at the box office to become the highest-grossing সঙ্গীতানুষ্ঠান film ever. It earned an additional $188 million overseas, while the DVD of the film raked in $43 million in the U.S., as well as $24 million in rental income. It earned $18 million just in জাপান on the first দিন of release and another $7 million in Blu-Ray sales.
Billboard also speculated that the sales of the TV rights to "This Is It" to Viacom (the parent company of MTV) may have generated an additional $15 million, and licensing fees for nontheatrical performances (airplanes, cruise ships, hotels) could bring in around $24 million.
One of Jackson's traditional cash cows, his সঙ্গীত publishing rights, was another lucrative উৎস of income, taking in nearly $130 million. The singer's Mijac publishing company — with an estimated value of $75 million in 2005 — has a current value of around $150 million, generating around $25 million a বছর in revenue, with that number possibly doubling to $50 million in the past year. Jackson's half ownership of the lucrative Sony/ATV catalog could be worth as much as an additional $80 million a year.
The executors of Jackson's estate have cut a series of deals over the past year, resulting in around $35 million in additional revenue. Because many অনুরাগী declined to return their tickets to the লন্ডন This Is It shows, preferring to retain them as keepsakes, those tickets were worth $6.5 million, along with around $5 million in সঙ্গীতানুষ্ঠান merchandise sales; a সেকেন্ড deal with merchandise maker Bravado cut in August reportedly included a $10 million advance. A Jackson memorabilia exhibit in জাপান has earned $3.5 million. And additional licensing royalties and retail sales could have rolled up $10 million অথবা আরো for the estate.
It is not known how much game-maker Ubisoft paid to license Jackson's image for an upcoming video game অথবা what potential revenues could be from a pair of upcoming Jackson-themed Cirque du Soleil shows.
Finally, even in death Jackson has one of the most lucrative recording contracts around. Sony সঙ্গীত Entertainment cut a deal in March with the estate to release 10 Jackson albums through 2017. From a collection of previously unreleased Jackson songs due in November to reissues of such landmark albums as 1979's solo debut, Off the Wall, the estate is guaranteed between $200 and $250 million for the Sony pact. Though none of the albums have been released yet, if just one of the contract's eight years comes off as planned, it could add $31 million to the estate's coffers.
Celebrate Michael Jackson's legacy all week long as এমটিভি News looks back at his life, his সঙ্গীত and the death that shook the world one বছর ago.
Girlfriend
I'm gonna tell your boyfriend (yeah)
Tell him (woo hoo)
Exactly what we're doin' (yeah)
Tell him what আপনি do to me
Late at night when the wind is free
Girlfriend
I'm gonna প্রদর্শনী your boyfriend (yeah)
প্রদর্শনী him (woo hoo)
The letters I've been savin' (yeah)
প্রদর্শনী him how আপনি feel inside
An' how প্রণয় could not be denied (oh no)
We're gonna have to tell him
You'll only be a girlfriend of mine
Do-doot-do, etc.
Girlfriend
আপনি better tell your boyfriend (yeah)
Tell him (woo hoo)
Exactly what we're doin' (yeah)
Tell him what he needs to know
অথবা he may never let আপনি go
Yeah we're gonna have to tell him
You'll only be a girlfriend of mine
Do-doot-do ...... ad lib to fade
I'm gonna tell your boyfriend (yeah)
Tell him (woo hoo)
Exactly what we're doin' (yeah)
Tell him what আপনি do to me
Late at night when the wind is free
Girlfriend
I'm gonna প্রদর্শনী your boyfriend (yeah)
প্রদর্শনী him (woo hoo)
The letters I've been savin' (yeah)
প্রদর্শনী him how আপনি feel inside
An' how প্রণয় could not be denied (oh no)
We're gonna have to tell him
You'll only be a girlfriend of mine
Do-doot-do, etc.
Girlfriend
আপনি better tell your boyfriend (yeah)
Tell him (woo hoo)
Exactly what we're doin' (yeah)
Tell him what he needs to know
অথবা he may never let আপনি go
Yeah we're gonna have to tell him
You'll only be a girlfriend of mine
Do-doot-do ...... ad lib to fade
All আপনি gotta do is just walk away and pass me দ্বারা
Don't acknowledge my smile when I try to say hello to you, yeah
And all আপনি gotta do is not answer my calls when
I'm trying to get through
To keep me wondering why, when all I can do is sigh
I just wanna touch আপনি
Chorus
I just wanna touch and চুম্বন
And I wish that I could be with আপনি tonight
আপনি give me প্রজাপতি inside, inside and I
All I gotta say is that I must be dreaming, can't be real
You're not here with me, still I can feel আপনি near me
I caress you, let আপনি taste us, just so blissful listen
I would give আপনি anything baby, just make my dreams come true
Oh baby আপনি give me প্রজাপতি
Chorus x 2
If আপনি would take my hand, baby I would প্রদর্শনী আপনি
Guide আপনি to the light babe
If আপনি would be my love, baby I will প্রণয় you, প্রণয় আপনি
'Till the end of time
Chorus x 3
Don't acknowledge my smile when I try to say hello to you, yeah
And all আপনি gotta do is not answer my calls when
I'm trying to get through
To keep me wondering why, when all I can do is sigh
I just wanna touch আপনি
Chorus
I just wanna touch and চুম্বন
And I wish that I could be with আপনি tonight
আপনি give me প্রজাপতি inside, inside and I
All I gotta say is that I must be dreaming, can't be real
You're not here with me, still I can feel আপনি near me
I caress you, let আপনি taste us, just so blissful listen
I would give আপনি anything baby, just make my dreams come true
Oh baby আপনি give me প্রজাপতি
Chorus x 2
If আপনি would take my hand, baby I would প্রদর্শনী আপনি
Guide আপনি to the light babe
If আপনি would be my love, baby I will প্রণয় you, প্রণয় আপনি
'Till the end of time
Chorus x 3