LOS ANGELES— Even in death, Michael Jackson is breaking new records: a $200 million guaranteed contract with Sony Music Entertainment for 10 projects over seven years.
The record-breaking contract may be worth more than $250 million if certain conditions are met. One of the albums will feature a never-before-released Jackson track that will come out in November.
Official announcement is expected later Tuesday.
Future projects may also include a video game, a DVD compilation of videos and a re-release of “Off the Wall,” Jackson’s fifth studio album, which first came out in 1979, accompanied by some unreleased material. One of the projects already counted in the contract was the two-disc album that accompanied “This Is It,” the film based on footage of concert rehearsals for what was to have been Jackson’s comeback at London’s O2 arena.
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