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Michael Jackson - Source: Reuters -
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It is being reported that the King of Pop's estate has signed the biggest recording contract in history.
The record-breaking deal, worth $200 million, is through 2017 with Sony Music Entertainment for 10 projects over seven years.
The Guardian says that the deal gives Sony the rights to sell Jackson's catalogue and unreleased tracks as well as the This Is It soundtrack, Jackson's music in video games, amusement park rides, TV adverts, memorabilia and DVD compilations.
Such a big contract represents massive consumer interest in Jackson, which soared after his death nine months ago.
The Guardian reports that profits will go into a trust shared by Jackson's mother and three children. The deal would also go a long way towards settling the hundreds of millions of dollars of debt the performer left behind when he died.
