Facebook R&B crooner Mario has been relatively quiet on the music front for…
- Posted on Jun 22nd 2010 8:00AM by Matt Glazebrook
Around $383 million (£259 million) of the total is thanks to posthumous album sales, while the success of documentary-concert film 'This Is It' accounts for another $400 million (£271 million). More unusually, the ex-performer also managed to score a hefty return on a new record deal.
Sony plan to release 10 Jackson albums over the next seven years -- including one comprising unreleased tunes -- and will pay the singer's estate as much as $250 million (£169 million) for the privilege. Billboard includes around £21 million of this in its one year total.
Strangest of all, Michael Jackson made a $6.5 million (£4.4 million) touring profit in the past 12 months, despite being in no position to play any shows. Fans who decided to forgo refunds in favour of hanging onto their tickets for his planned 'This Is It' concert series (presumably as souvenirs rather than in anticipation of rescheduling) explain this figure.
Proceeds from publishing deals, licensing arrangements, ringtones, DVDs and merchandise make up the remainder of the hefty amount.