Thursday, 18 March 2010

Michael Jackson, U2, Take That and the biggest deals in music history

Michael Jackson Estate made history this week when signing a contract with Sony Music Entertainment worth up to £170 million.
The agreement will see ten projects released over the space of seven years as it’s reported that Jackson recorded three albums worth of new material.
This deal propels Jackson’s estate to the top of the list of most expensive record deals ever, but who did he knock off the top spot? And who else has hit the jackpot with mega deals?
1. Irish rock band U2 previously boasted the biggest earnings from a single deal when they agreed to a deal with Polydor Records for a massive £130 million.
2. The acclaimed Queen of Pop Madonna was paid a sum of £120 million for producing just three albums by Live Nation Inc.
3. In 2002, Robbie Williams became ‘rich beyond his wildest dreams’, after striking a £80 million deal with EMI Records to make a four albums.

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