Published Jun 22, 2010Though he was putting together his This Is It tour to aid his debt, it turns out Michael Jackson couldn't have made a better financial move than he did on June 25, 2009. In his first year since passing away, the moonwalker's estate has raked in over $1 billion, with more to come in the coming decade.
As BBC News points out, Billboard has calculated that the late singer made $383 million in album sales and $400 million in revenue from his concert film This Is It, along with hefty profits from publishing rights, licensing and touring.
Touring, you ask? Yep, the This Is It tour sold a huge amount of tickets prior to Jackson's death, and despite being offered refunds following his passing, many fans opted to keep the tickets as souvenirs. That fact earned Jackson a whopping $6.5 million, more than most artists make from actually showing up at venues and, you know, performing.
Additionally, Sony has agreed to pay Jackson's estate an estimated $200 million to $250 million for the rights to release ten more Michael Jackson albums in the coming years, including one of unreleased songs.
Jackson's remaining profits come from DVD sales and rentals, downloads, royalties, ringtones and, of course, his 50 percent share in Sony/ATV, which this year pulled in $80 million.