0 Members and 1 Guest are viewing this topic.

You are not allowed to view links. Register or Login

Good for the Hoax!
Last Edit: December 31, 1969, 06:00:00 PM by Guest
friendly
0
funny
0
informative
0
agree
0
disagree
0
pwnt
0
like
0
dislike
0
late
0
No reactions
No reactions
No reactions
No reactions
No reactions
No reactions
No reactions
No reactions
No reactions
"And above all, watch with glittering eyes the whole world around you because the greatest secrets are always hidden in the most unlikely places....and those who don\'t believe in magic will never find it" - Roald Dahl

*

paula-c

Actually this article does not talk about the comparisons between Michael and Elvis we all know


Dead Celebs
The Rich Afterlife Of The King Of Pop
Zack O'Malley Greenburg, 10.25.10, 03:00 PM EDT
Smart deals by his estate have Michael Jackson set to be one of the top earners in music for years to come.
 
Over the past year Lady Gaga, Beyoncé, Madonna and Jay-Z cada uno cada uno ganó más de $ 50 millones. Pero Michael Jackson ganó más de los cuatro - en combinación.

Fueled by a bonanza of interest following Jackson's death, his estate raked in $275 million over the past 12 months, by our estimates. That's more than enough to earn the King of Pop the top spot on our annual Dead Celebs list; in fact, it's more than the rest of the artists on the list put together, and more than any living artist or group.


"The cash flow on an annual basis is tremendous," says Donald David, an estate lawyer who handled the postmortem finances of rapper Tupac Shakur. "Sure, it's going to decline eventually, but it's going to be a huge amount in the foreseeable future. [Jackson's] kids are going to have grandkids before that money's gone."

The Gloved One's long-term earnings prospects in the afterlife have been bolstered by the deals arranged since his death. His estate received a $60 million advance for last year's film This Is It; sales of a Jackson-themed videogame, memorabilia and a re-released autobiography brought in an additional $50 million. The estate still owns the rights to Jackson's music, which took in nearly $50 million on heavy radio play and album sales over the past year. The funds have been used to put a significant dent into the roughly $500 million in debt Jackson left
There is more money on the horizon for Jackson heritage: an agreement with Sony Music to turn off unreleased recordings will provide $200 million to $250 million over the next seven years. Adam Kluger, head of product placement the Agency Kluger, Jackson team hopes that the new releases include collaborations with artists like Akon and will.i.am, who worked with Jackson shortly before his death. He believes that the current increase in interest in Jackson will be sustainable.
"Michael Jackson will definitely have staying power for years to come," says Kluger. "There is a strong demand for Michael Jackson's music and merchandise, and that will only increase as more material surfaces in the years following his death."

Perhaps the most lucrative asset in Jackson's estate is a set of songs recorded by other artists. In 1985 Jackson made a brilliant financial move by shelling out $47.5 million to buy a catalog that included rights to 250 Beatles songs. Ten years later, crippled with personal debts he's incurred through extravagances--from $10,000-a-night hotel stays to Rolls Royce convertibles purchased as gifts for his lieutenants--Jackson sold a 50% interest in the catalog to Sony for $90 million, forming a joint venture called Sony/ATV.

Today Jackson's estate still owns half the catalog, which now contains half a million songs, including titles by Elvis Presley, Bob Dylan, Lady Gaga, Eminem and Beyoncé. Industry insiders estimate that the catalog throws off $50 million to $100 million per year, giving it a total value of about $1.5 billion. That means an annual $25 million to $50 million for the estate's coffers, on top of the considerable sums coming from Jackson's own music and merchandise.

"His earning potential will only increase year after year, as his legacy continues to be cemented," says Susan Blond, who served as Jackson's publicist during the Thriller days. "When our great-grandchildren are talking about music, it will be Michael Jackson over Elvis Presley."
Last Edit: December 31, 1969, 06:00:00 PM by Guest
friendly
0
funny
0
informative
0
agree
0
disagree
0
pwnt
0
like
0
dislike
0
late
0
No reactions
No reactions
No reactions
No reactions
No reactions
No reactions
No reactions
No reactions
No reactions
You are not allowed to view links. Register or Login

True that, but found it noteworthy (and always a bit heartstopping) when I see Michael on something like this....obviously the comparison of the Two Kings has a different meaning to us Hoaxsters, but good to see that out in the general public anyway...

Another sub-link under it was this:

"Who was the better King: Elvis or MJ?"
You are not allowed to view links. Register or Login
Last Edit: December 31, 1969, 06:00:00 PM by Guest
friendly
0
funny
0
informative
0
agree
0
disagree
0
pwnt
0
like
0
dislike
0
late
0
No reactions
No reactions
No reactions
No reactions
No reactions
No reactions
No reactions
No reactions
No reactions
"And above all, watch with glittering eyes the whole world around you because the greatest secrets are always hidden in the most unlikely places....and those who don\'t believe in magic will never find it" - Roald Dahl

 

SimplePortal 2.3.6 © 2008-2014, SimplePortal