Michael Jackson’s estate has generated $310 million in revenue from album sales, a film, merchandising and other products since 2009, according to court papers filed on Thursday.
The records, which were made public as part of the estate’s probate proceedings, are the most detailed accounting yet of the finances of Jackson’s estate from his death until December 31, 2010.
Among the projects making money for Jackson’s estate are the new album “Michael,” which contains previously unreleased songs, and the concert movie “This Is It,” which compiled videotaped rehearsals for a series of comeback concerts in London. Various merchandising and licensing deals have also swelled the coffers. Jackson’s recordings are released by Epic Records, a unit of Sony Corp.
Noteworthy costs included a $900,000 payment to Forest Lawn Memorial cemetery where Jackson’s body is interred, and $35,000 in expenses listed as “costume for memorial.”
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