NEW YORK (Billboard) - Michael
Jackson's estate
has generated at least $1 billion in revenues since the singer died a
year ago, thanks in part to a lucrative new record deal with Sony Music
and the most successful concert film of all time, according to Billboard
estimates.
Through interviews with industry experts and some number-crunching,
Billboard examines the various music-based revenue streams flowing into
the estate.
MUSIC SALES -- VALUE: $429 MILLION
Since his death, Jackson has sold about 9 million albums in the United
States, while the Jackson 5 and the Jacksons have sold about 800,000
units, according to Nielsen SoundScan. Outside the States, Jackson's
album sales for the past year stand at around 24 million units. Based on
a blended worldwide retail sales price of $11.62 ($12.30 per unit less
mechanical royalties), Billboard estimates that Jackson's album catalog
generated about $383 million in sales.
On the digital side, Jackson's songs have generated 12.9 million track
downloads in the United States in the past 12 months, according to
SoundScan. Based on those figures, Billboard estimates that the total
number of worldwide downloads is about 26.5 million units, with a value
of $34 million (net of mechanical royalties).
Jackson's ringtone sales totaled 1.5 million last year in the States,
with the bulk coming after his death. Digital ringtones sales worldwide
are about twice that stateside, which brings Jackson's global ringtone
tally to 3 million. At $2 per unit, ringtone revenue was about $5
million last year (net of mechanical royalties).
Monies generated from subscription services and digital performance
royalties typically amount to about one-third that of mobile revenue, so
Jackson's catalog probably generated about $2 million from those
streams.
U.S. digital performance royalties represent about 13% of the revenue
generated by single track downloads. Applying that rate to global track
sales, Jackson's recording catalog generated another $4.5 million from
global digital performances.
FILM/TV -- VALUE: $392 MILLION
Sony Pictures bought Jackson's rehearsal footage from AEG for $60
million. In retrospect, the price was something of a bargain. "Michael
Jackson: This Is It" was released October 28, 2009, and earned $72
million at the U.S. box office, according to BoxOfficeMojo.com, making
it the highest-grossing concert film in history.
Overseas, the film earned $188 million at the box office; of that, $56
million was tallied in Japan alone. After AEG recouped the company's
investment of more than $35 million in the canceled shows at London's O2
and the film, the bulk of the theatrical take -- court documents
indicate it could be as high as 90% -- went to Jackson's estate.
On the home video front, the "This Is It" DVD has earned $43 million in
U.S. sales, with 2.7 million units sold since its January 26 release,
according to The-Numbers.com,
a division of Nash Information Services. Nash estimates the film made
another $25 million in rental revenue.
In Japan -- where the film was also sold as part of a special "This Is
It" bundle for the PlayStation 3 -- DVD sales topped $18 million on its
first day of release; 351,000 Blu-ray copies have been sold, according
to rankings service Oricon, adding about $7 million to the total.
In terms of TV, the industry standard is that exclusive rights for
ad-supported TV costs 12% of the domestic box office for a four-year
window; this rule of thumb is in flux, however, as the length of
exclusive windows extend and the number of outlets involved in the deals
increase. In November 2009, Viacom purchased the exclusive U.S. TV
rights to air "This Is It" on its MTV and
BET family of networks -- including VH1 and Palladia, as well as MTV and
BET -- for six years. Given the additional years in the contract and
the film's box-office tally, the deal could be worth upwards of $15
million. (By contrast, FX is reported to have paid between $25 million
and $30 million for just the U.S. commercial TV rights to "Avatar.")
With its family-friendly rating, "This Is It" can be shown in all
distribution media outside of traditional theaters, including airplanes,
cruise ships and hotel chains. Licensing fees for nontheatrical
performances vary based on the movie and its potential reach and how
long it will air after it debuts in theaters, but it's generally
forecast to be about 7% of total revenue for a film. For "This Is It,"
that puts the number at $24 million.
MUSIC PUBLISHING -- VALUE: $130 MILLION
Jackson's music publishing company, Mijac, is administered by
Warner/Chappell. Based on a reported value for Mijac of at least $75
million in 2005, Billboard estimates Mijac currently has a value of
around $150 million. At that value, it generates about $25 million per
year in revenue. In the last 12 months, according to sources, that
number could have doubled to as much as $50 million.
Today's News Highlights 06.27.11
At Fort Campbell, mixed reviews for Afghan plan
Pfc. Rob Nunez, who spent eight months in Konar province near the Pakistani border, and some of his fellow soldiers have vastly different reactions to the plan.
(By Kevin Sieff)
Nancy Pelosi pursues her own ‘faith-based initiative’
House minority leader has her sights on winning back the speaker’s gavel for Democrats.
(By Karen Tumulty and Paul Kane)
Does GOP have a compromise on debt?
As President Obama prepares to meet with Senate leaders to try to restart talks over the debt, some Republicans see a potential path to compromise: Significant cuts in military spending.
(By Lori Montgomery and Paul Kane)
DNA links fugitive to professor’s slaying, FBI says
DNA evidence links a fugitive in Mexico to the killing of an American University professor, the FBI says.
(By Dan Morse)
A pair of veteran spies cross paths
Betty McIntosh and Doris Bohrer served in the OSS and CIA, but their remarkable friendship didn’t form until they moved to the same retirement community.
(By Ian Shapira)
POLITICS
President Barack Obama talks spending and debt limit with Senate leaders
WASHINGTON — President Barack Obama takes over negotiations on spending cuts and raising the government’s borrowing limit when he holds separate meetings Monday with Senate leaders.
( Associated Press Associated Press , AP)
Supreme Court to rule Monday on Arizona law giving extra cash to publicly funded candidates
WASHINGTON — The Supreme Court is expected to rule Monday on an Arizona campaign finance law that gives extra cash to publicly funded candidates who face privately funded rivals and independent groups.
( Associated Press Associated Press , AP)
AP IMPACT: Once-rural populations skyrocket near some US nuclear plants, evacuations unlikely
BUCHANAN, N.Y. — As America’s nuclear power plants have aged, the once-rural areas around them have become far more crowded and much more difficult to evacuate. Yet government and industry have paid little heed, even as plants are running at higher power and posing more danger in the event of an accident, an Associated Press investigation has found.
( Associated Press Associated Press , AP)
Supreme Court to rule Monday on California ban on sale, rental of violent video games to kids
WASHINGTON — Is it unconstitutional to ban the sale or rental of ultraviolent video games to children?
( Associated Press Associated Press , AP)
Supreme Court to rule Monday on Arizona law giving extra cash to publicly funded candidates
WASHINGTON — The Supreme Court is expected to rule Monday on an Arizona campaign finance law that gives extra cash to publicly funded candidates who face privately funded rivals and independent groups.
( Associated Press Associated Press , AP)
STYLE
Recession-wary performers turn Las Vegas Strip into parade of cartoon, movie characters
LAS VEGAS — The Las Vegas Strip is teeming with Spidermen, Elmos and Elvis Presleys of all waistlines.
( Associated Press Associated Press , AP)
Ask Amy: Husband ’fesses up to old affairs; wife is torn
Her husband confessed to indulging in two affairs years ago. She went to counseling with him and was told by the counselor to “get over it.” A) She’s not ready to and B) What kind of therapist is that?
(, Tribune Media Service)
Hints From Heloise: A unique wedding gift
Why not donate food left over from a wedding reception to a homeless shelter?
(, King)
Can sisters’ estrangement be avoided?
My religious-convert sister told my gay sister that she, her husband and children will not ever meet our gay sister’s 1-year-old twins.
(, The Washington Post)
Documentary presents case against tort reform
Susan Saladoff’s compellingly persuasive, no-nonsense documentary, “Hot Coffee,” explores the effects of the American war on “frivolous lawsuits.”
( by Hank Stuever , The Washington Post)
SPORTS
Sunday's Sports In Brief
LEON, Mexico — Two-time heart transplant recipient Erik Compton won the Mexico Open for his first Nationwide Tour title, closing with a 7-under 65 on Sunday for a two-stroke victory over Richard H. Lee.
( Associated Press Associated Press , AP)
Former Tar Heels star Jessica Breland recives Honda Inspiration Award at dinner
NEW YORK — Jessica Breland is always happy to share her story of overcoming Hodgkin’s lymphoma with the hope it can be helpful to someone else.
( Associated Press Associated Press , AP)
PGA Tour: Travelers win is Jacobson’s first title
CROMWELL, Conn. — Fredrik Jacobson closed out his first PGA Tour title on Sunday, shooting a 4-under 66 in the Travelers Championship for a one-stroke victory over John Rollins and Ryan Moore.
( Associated Press Associated Press , AP)
Knee, hamstring injuries had Mitts fearing World Cup 'jinx' but she's with US in Germany
DRESDEN, Germany — When Heather Mitts felt that familiar pain in her hamstring during training last month, it was almost too much for the U.S. defender.
( Associated Press Associated Press , AP)
Tseng runs away with LPGA Championship
Top-ranked Yani Tseng wins the LPGA Championship by 10 strokes and, at 22, become the youngest player to win four LPGA Tour majors.
( Associated Press Associated Press , AP)
WORLD
Malaysia says women must hold 30 percent of top corporate posts by 2016 for gender equality
KUALA LUMPUR, Malaysia — Malaysia’s government says women must hold 30 percent of top corporate posts by 2016 in a move toward gender equality in the boardroom.
( Associated Press Associated Press , AP)
Syrian opposition to meet in Damascus for first time since start of uprising
BEIRUT — Some 200 critics of President Bashar Assad’s regime are gathering in the Syrian capital for the first time since the start of the three-month uprising against his family’s rule.
( Associated Press Associated Press , AP)
China says arrival of Sudanese president in Beijing for talks has been delayed
BEIJING — A planned visit by Sudan’s president to China, which was criticized by rights groups because he is wanted on international war crimes charges, was delayed Monday, though officials gave no reason.
( Associated Press Associated Press , AP)
Chinese Premier Wen Jiabao to strike trade deals worth $1.6 billion in UK talks
LONDON — Britain says the U.K. and China are sealing trade deals worth 1 billion pounds (US$1.6 billion) at a summit between national leaders.
( Associated Press Associated Press , AP)
Palestinians fan out across globe to seek support for recognition at UN
RAMALLAH, West Bank — Palestinian delegations will make the rounds of nearly a dozen countries to try to drum up more support for their bid to have the United Nations recognize a Palestinian state, senior officials said Monday.
( Associated Press Associated Press , AP)
LIVE DISCUSSIONS
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Military wives discuss keeping a career and educational goals through deployments.
(, vForum)
The Web Hostess: Online manners, memes and must-see video
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(, vForum)
Real Wheels Live
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(, vForum)
Lisa de Moraes on the TV Column
Post TV columnist Lisa de Moraes is back and ready to chat about all the drama, comedy and heartbreak of the world of television -- both onscreen and behind-the-scenes!
(, vForum)
Lisa de Moraes on the TV Column
Post TV columnist Lisa de Moraes is back and ready to chat about all the drama, comedy and heartbreak of the world of television -- both onscreen and behind-the-scenes!
(, vForum)
TECHNOLOGY
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( by TechCrunch.com , TechCrunch.com)
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( by TechCrunch.com , TechCrunch.com)
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( by TechCrunch.com , TechCrunch.com)
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( by TechCrunch.com , TechCrunch.com)
World stock markets mixed on fears that Europe's debt crisis is about to get worse
BANGKOK — World markets were mixed Monday as Greece’s parliament began debating harsh new austerity measures that must pass for the country get its next batch of emergency financial aid.
( Associated Press Associated Press , AP)
BUSINESS
Greek deputies to begin debate on crucial austerity plans before votes
ATHENS, Greece — Greek lawmakers begin debating new austerity plans Monday that must pass this week if the debt-ridden country is to receive the critical next installment of loans from its international bailout plan and avoid default.
( Associated Press Associated Press , AP)
The Celebrity Moment
( by TechCrunch.com , TechCrunch.com)
Saab says $18.4 million car order from China could pay staff's wages
STOCKHOLM — Troubled car maker Saab Automobile AB has received a €13 million ($18.4 million) car order from a Chinese company that could help pay salaries to its employees, its owner Swedish Automobile AB said Monday.
( Associated Press Associated Press , AP)
Akzo Nobel, world's biggest paintmaker, warns 'adverse factors' will hurt Q2 earnings
AMSTERDAM — Akzo Nobel NV, the world’s largest maker of paint, warned Monday that second-quarter earnings will be hurt by commodity price rises, weak business in some regions and maintenance delays at some plants.
( Associated Press Associated Press , AP)
Oil falls to near $90 a barrel in Asia as US dollar gains amid Greek debt crisis
SINGAPORE — Oil prices fell to near $90 a barrel Monday in Asia as a stronger U.S. dollar made crude more expensive for investors with other currencies.
( Associated Press Associated Press , AP)
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