Jackson Estate Generates $1 Billion In Revenue

Jackson Estate Generates $1 Billion In Revenue

Jackson Estate Generates $1 Billion In Revenue
Michael Jackson's estate has generated approximately $1 billion in revenue since the GRAMMY-winning artist and Recording Academy Lifetime Achievement Award recipient died on June 25, 2009, according to Billboard. Music sales, including album sales and digital downloads, account for $429 million and sales from film and television, including the concert film Michael Jackson's This Is It, totaled $392 million. Billboard estimates revenue from licensing and touring at $35 million, while recording contract revenue reached $31 million based on a recent deal between Sony Music Entertainment and the Jackson estate to release 10 Jackson albums through 2017. (6/21)

Live Nation Names Evans Arenas President
Live Nation announced the appointment of veteran arena management executive Mike Evans as the company's newly created president of arenas. Evans will report to Jason Garner, CEO of concerts, and will be responsible for managing the company's dealings with their North American arena partners. Evans was previously vice president of sports and entertainment for venue management firm SMG. (6/21)

Artists Give Back
GRAMMY winners Faith Hill and Tim McGraw will host Nashville Rising on June 22 at Bridgestone Arena in Nashville, Tenn., a benefit concert to support victims of the recent flooding in Tennessee. The event will feature performances by GRAMMY winners Brooks & Dunn, Taylor Swift and Carrie Underwood, among others. GRAMMY winners Carole King and James Taylor announced they've raised more than $1.5 million halfway through their Troubadour Reunion tour to benefit the Natural Resources Defense Council and Alliance for the Wild Rockies, among others. GRAMMY-nominated artist Jimmy Buffett will hold a free concert in Alabama July 1 to show support for those affected by the Gulf Coast oil spill. The show will feature performances by Zac Brown Band, Buffett and his Coral Reefer Band, Kenny Chesney, and Sonny Landreth, among others. (6/21)
 

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