According to sources familiar with the deal, MJ’s estate has reportedly signed a $200 million contract with Sony Music Entertainment, making it the biggest recording deal in history.
The contract will reportedly last through 2017 and amount up to $250 million if certain clauses are met. Under the deal, MJ's estate is expected to pump out 10 projects, including a video game, the re-release of Jackson’s “Off The Wall” opus, a DVD compilation of videos and a never-before-released album slated for a November drop date.
A source also revealed that an announcement for the record-breaking deal could come later today, (March 16) but asked to remain anonymous.
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