Michael Jackson Estate Inks Sony Record Deal

The Estate of Michael Jackson inked what is touted as the most lucrative record deal ever providing $250 million in advances.  The estate will continue to own Jackson's master records and license them to Sony for distribution and exploitation. The agreement does not include music publishing, merchandise, or name and likeness rights.  Sony may license the tracks for uses in video games, toys, etc.

Read more from the Wall Street Journal, The Hollywood Reporter, Rolling Stone, The New York Times.