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Tuesday, 22 June 2010

Michael Jackson has 'made $1bn' since his death

Michael Jackson's estate has made more than $1bn (£677m) since his death a year ago, according to estimates by trade paper Billboard.

The magazine says Jackson's album sales have generated about $383m (£259m), while revenue from the film This Is It has hit nearly $400m (£271m).
Profits from publishing rights, licensing and touring are also included in the total.
A new recording contract is estimated to have made $31m (£21m) so far.
The Sony Music Entertainment deal will see 10 albums of the late singer's music released over the next seven years, including one of previously unreleased material.
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