Deceased Celebrities Still Making Millions
If that was truly the case then his revenue surely skyrocketed after his death. In the two years following his passing Michael Jackson's estate made an estimated $400 million off of "This Is It" the movie, album sales, endorsements and royalties. Not only does Jackson's estate make money off of his own music, but also of several other well-know musicians. The reason is that Jackson paid roughly $47.5 million in 1985 to buy a publishing catalog containing music by The Beatles, Bob Dylan, Elvis Presley and many others. Although Sony did buy half the rights years later for around $90 million, the Jackson estate still receives 50% of the profits from the Sony/ATV joint venture. Jackson just may have made more money dead already than when he was alive.
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