MJ earning hundreds of million dollars after death

New York: Michael Jackson was said to be earning hundreds of millions after his death.The late King of Pop, who died on June 25, has reportedly grossed 100 million dollars through a film deal and several merchandising contracts.

And the executors of his estate, lawyer John G. Branca, music executive John McClain and a Jackson family friend, were expecting another 100 million to flow in by the end of the year, reports the New York Times. Branca said the possibility of a new record for estates could not be overlooked considering the model for Jackson’s posthumous business empire maybe like that of Elvis Presley. He said: “When you look at what the Presley estate has done, you see the opportunities here. I quite frankly think this will be a bigger estate.” The star’s estate, containing assets such as 50 percent stake in Sony/ATV, a music publishing partnership that includes the rights to the Beatles catalog, Jackson’s own song catalog and Neverland Ranch, could generate nearly 50 to 100 million dollars annually, Branca and others estimate. Mark Roesler, chairman of CMG Worldwide, a licensing firm that has worked with the estates of Presley, Marilyn Monroe and James Dean, said: “You have someone who left a mark on six billion people in the world. “If you put a value of 110 million dollars on Elvis Presley’s intellectual property rights, that’s a baseline. It’s certainly in the hundreds of millions of dollars.” ANI