The one year anniversary of the greatest entertainer of all-time, Mr. Michael Jackson, is only four days away. And quite naturally, people begin reflecting on what has happened since his death. And a lot has happened. The search for his will. Who’s watching the kids? The malpractice lawsuits. Joe Jackson blaming Katherine Jackson for his death. And the list goes on and on.
I’m sure that there will be a special MJ tribute on every channel and website, including this one, when June 25th arrives. Undoubtedly, the love for MJ continues to grow with each passing day. The estate of MiJ’s bank account is also growing and has generated at least $1 billion in revenues since the singer died a year ago, thanks in part to a lucrative new record deal with Sony Music and the most successful concert film of all time, according to Billboard estimates.
Through interviews with industry experts and some number-crunching, Billboard examines the various music-based revenue streams flowing into the estate.
Music sales generated $429 million. Film and Television has generated $392 million. The rest is in Music Publishing, Record contracts, and licensing for merchandising.
They always said that MJ brought in ridiculous amounts of money while he was alive but due to his lavish spending habits, he found himself often times in financial trouble, but with him gone it’s easy to see just how much earning power this man really had. Let’s hope that his family can settle all of their differences and let MJ rest and just share in the wealth. There’s more than enough to go around for everyone.