Wednesday, October 26, 2011
News: Michael Jackson Top Earning Dead Celebrity
For the second year in a row, Michael Jackson , has topped Forbes magazine's list of top-earning dead celebrities. The King of Pop, who died at age 50 in June 2009, earned an estimated $170 million over the past year, making him the second-highest earning pop star this year.
The megabucks came in from sales of his music, as well as his stake in the lucrative Sony/ATV catalog, and while impressive, was a big step down from the $275 million the Jackson estate earned in the year after the singer's death. Songwriters who own their work tend to place high on the Forbes list because their catalog sales often remain strong after their death, one of the reasons Jackson's posthumous career has been so lucrative.