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At the time of his death last June, Michael Jackson was reportedly deeply in debt and had agreed to sign on for an unprecedented 50-date run at the O2 arena in London, as a means of turning his financial fortunes around.

But thanks to a flurry of merchandising deals and a flood of nostalgia-fueled muziki sales, his estate has generated nearly $1 billion in the past year,Billboard reports via Reuters.

Billboard broke down the chanzo of that windfall, determining that nearly half of it came from the robust muziki sales following the singer's shock death on June 25, 2009. Jackson has sold 9 million albums in the U.S. and 24 million around the globe since his death, along with around 800,000 copies of albums kwa the Jackson 5 and the Jacksons. Assuming a worldwide retail sales price of $11.62 per unit, the magazine estimated that the Jackson catalog brought in about $383 million in sales.

Add in 12.9 million track downloads in the U.S. over the past year, along with 26.5 million in international downloads, and wewe have another $34 million. Then there's about 1.5 million in ringtone sales in America, another 3 million globally for another $5 million, as well as $2 million from digital performance royalties from muziki subscription services and $4.5 million from global digital performances for a muziki total of $429 million.

The sekunde biggest chanzo of revenue was TV and movie projects, led kwa the "Michael Jackson: This Is It" documentary about the singer's final rehearsals for his planned London shows. Sony Pictures paid $60 million for the rights to the film, which earned $72 million at the box office to become the highest-grossing tamasha film ever. It earned an additional $188 million overseas, while the DVD of the film raked in $43 million in the U.S., as well as $24 million in rental income. It earned $18 million just in Japan on the first siku of release and another $7 million in Blu-Ray sales.

Billboard also speculated that the sales of the TV rights to "This Is It" to Viacom (the parent company of MTV) may have generated an additional $15 million, and licensing fees for nontheatrical performances (airplanes, cruise ships, hotels) could bring in around $24 million.

One of Jackson's traditional cash cows, his muziki publishing rights, was another lucrative chanzo of income, taking in nearly $130 million. The singer's Mijac publishing company — with an estimated value of $75 million in 2005 — has a current value of around $150 million, generating around $25 million a mwaka in revenue, with that number possibly doubling to $50 million in the past year. Jackson's half ownership of the lucrative Sony/ATV catalog could be worth as much as an additional $80 million a year.

The executors of Jackson's estate have cut a series of deals over the past year, resulting in around $35 million in additional revenue. Because many mashabiki declined to return their tickets to the London This Is It shows, preferring to retain them as keepsakes, those tickets were worth $6.5 million, along with around $5 million in tamasha merchandise sales; a sekunde deal with merchandise maker Bravado cut in August reportedly included a $10 million advance. A Jackson memorabilia exhibit in Japan has earned $3.5 million. And additional licensing royalties and retail sales could have rolled up $10 million au zaidi for the estate.

It is not known how much game-maker Ubisoft paid to license Jackson's image for an upcoming video game au what potential revenues could be from a pair of upcoming Jackson-themed Cirque du Soleil shows.

Finally, even in death Jackson has one of the most lucrative recording contracts around. Sony muziki Entertainment cut a deal in March with the estate to release 10 Jackson albums through 2017. From a collection of previously unreleased Jackson songs due in November to reissues of such landmark albums as 1979's solo debut, Off the Wall, the estate is guaranteed between $200 and $250 million for the Sony pact. Though none of the albums have been released yet, if just one of the contract's eight years comes off as planned, it could add $31 million to the estate's coffers.

Celebrate Michael Jackson's legacy all week long as MTV News looks back at his life, his muziki and the death that shook the world one mwaka ago.
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Michael Jackson
king of pop
added by HegiMjlover
added by House34
Hee - hee
Go on girl

Hey pretty baby with the high heels on
You give me fever
Like I’ve never ever known
You’re just a product of loveliness
I like the groove of your walk
Your talk, your dress
I feel your fever
From miles around
I’ll pick wewe up in my car
And we’ll paint this town
Just kiss me baby
And tell me twice
That you’re the one for me

The way wewe make me feel
(The way wewe make me feel)
You really turn me on
(You really turn me on)
You knock me off of my feet
(You knock me off of my feet)
My lonely days are gone
(My lonely days are gone)

I like this feelin’ you’re givin’ me
continue reading...
The Michael Jackson estate is tired of waiting for Lloyd's of London to pay out on the $17.5 million "This Is it" insurance policy -- so they're going after Lloyd's in court ... demanding they pay up, stat.

Lloyd's of London originally issued the policy to cover potential losses for MJ's 2009 "This Is It" concerts -- but earlier this year, the company asked an L.A. court to declare the policy null and void ... claiming MJ lied about his medical history and drug addiction.

Lloyd's insists the policy "was restricted to losses resulting from accident only" -- pointing out Michael's official cause of death was "homicide."

But the estate is now on the offensive -- filing a cross-complaint, claiming MJ never intended to die, whether kwa homicide au not, so his death still qualifies as an accident.

But the estate isn't just settling for the original $17.5 million -- they also want punitive damages. FYI, suing for punitive damages often scares the crap out of insurance companies.
added by M_Annie_J
added by cherl12345
added by numba1MJfan
added by Zashleyfan16
Michael Jackson
king of pop
added by mjOlik
added by michael58

Ben, the two of us need look no more
We both found what we were looking for
With a friend to call my own
I'll never be alone
And wewe my friend will see
You've got a friend in me
(You've got a friend in me)

Ben, you're always running here and there
(Here and there)
wewe feel you're not wanted anywhere
If wewe ever look behind
And don't like what wewe find
There's something wewe should know
You've got a place to go
(You've got a place to go)

I used to say "I" and "me"
Now it's "us", now it's "we"
I used to say "I" and "me"
Now it's "us", now it's "we"

Ben, most people would turn wewe away
I don't listen to a word they say
They don't see wewe as I do
I wish they would try to
I'm sure they'd think again
If they had a friend like Ben
(A friend)
Like Ben
(Like Ben)
Like Ben
posted by 2468244
Ow... ow
I took my baby
On a Saturday bang
Boy is that girl with you
Yes we're on and the same

Now I believe in miracles
And a miracle
Has happened tonight

But if
You're thinkin'
About my baby
It don't matter if you're
Black au white

They print my message
In the Saturday sun
I had to tell them
I ain't sekunde to none

And I told about equality
And it's true
Either you're wrong
Or you're right, he

But if
You're thinkin'
About my baby
It don't matter if you're
Black au white, he
He, he

I am tired of this devil
I am tired of this stuff
I am tired of this business
Girl when the
Going get rough
I ain't scared of your brother
continue reading...
added by cherl12345
Michael Jackson
king of pop
added by cherl12345
All alone wishing on stars
Waiting for wewe to find me
One sweet night I knew I would see
A stranger who’d be my friend

When someone in the dark reaches out to you
And touches all the spark that comes shining through
It tells wewe never be afraid
When somewhere in your moyo wewe can feel the glow
A light to keep wewe warm when the night winds blow
Like it was written in the stars I knew
My friend, my someone in the dark was you

Promise me we’ll always be
Walking the world together
Hand in hand where dreams never end
My nyota secret friend and me

When someone in the dark reaches out to you
And touches all the...
continue reading...
added by cherl12345