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CORRECTION APTOPIX People Michael Jackson

From MSNBC:

NEW YORK — Michael Jackson’s estate has generated at least $1 billion in revenues since the singer died a year ago, thanks in part to a lucrative new record deal with Sony Music and the most successful concert film of all time, according to Billboard estimates.

Through interviews with industry experts and some number-crunching, Billboard examines the various music-based revenue streams flowing into the estate.

Text continues after gallery …

Music sales — Value: $429 million
Since his death, Jackson has sold about 9 million albums in the United States, while the Jackson 5 and the Jacksons have sold about 800,000 units, according to Nielsen SoundScan. Outside the States, Jackson’s album sales for the past year stand at around 24 million units. Based on a blended worldwide retail sales price of $11.62 ($12.30 per unit less mechanical royalties), Billboard estimates that Jackson’s album catalog generated about $383 million in sales.

On the digital side, Jackson’s songs have generated 12.9 million track downloads in the United States in the past 12 months, according to SoundScan. Based on those figures, Billboard estimates that the total number of worldwide downloads is about 26.5 million units, with a value of $34 million (net of mechanical royalties).

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