Sony BMG confirms $200 million deal

Michael Jackson‘s estate have signed what is reputedly the worlds biggest record deal with Sony BMG.

The label has agreed a $200 million deal with Jackson‘s estate to release ten ‘new’ albums over a seven-year period, with at least one of the albums to contain previously unreleased music.

The contract could rise by a further $50 million (£33 million) if certain conditions are met, reports BBC News.

Rumours have long circulated about the amount of unreleased material Jackson had supposedly recorded before his death in June 2009. There has also been speculation that Jackson collaborated with major artists such as Lenny Kravitz on unreleased material.

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