Jackson Estate Lands $200M Deal with Sony

The guaranteed record contract is the largest ever; includes new, never-before-released material

Last Updated: March 16, 2010 @ 10:15 AM

The estate of Michael Jackson has landed the late King of Pop the biggest recording deal in history: a $200 million guaranteed contract with Sony Music Entertainment for 10 projects over seven years, a person familiar with the deal told the Associated Press.

The record-breaking contract through 2017 could be worth up to $250 million if certain conditions are met. One of the albums will be of never-before-released Jackson recordings that will come out in November, the person said.

Read more at the AP.