Sony Strikes Deal with Jacko Estate

Michael Jackson may be gone, but we’ll be hearing more of him than ever: Sony is set to release 10 Jacko albums in seven years after it set a new music-industry record by striking a $250 million deal with Michael Jackon’s estate, says The Wall Street Journal. These albums will include both previously unreleased songs and also remakes of Jackson’s classics. Sony has sold an estimated 31 million Jackson albums since he died on June 25. By the first anniversary of his death, Jackson’s family is expected to have raked in another $250 million from music, merchandise, and ticket sales for the concert film This Is It.