Michael Jackson Estate Lands Largest Record Deal in History

Michael Jackson's "Bad" Jacket ad Belt (Image: Wikipedia)

Yahoo News - Sony Corp has reached a deal with Michael Jackson's estate that could be worth as much as $250 million, the Wall Street Journal reported on Monday, citing people familiar with the situation.

The report said the deal, coming months after Jackson's death, is the most lucrative recording contract ever signed. It guarantees the estate at least $200 million, according to the newspaper's web site, and involves 10 albums over seven years. Read more.