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 Michael Jackson ‘will earn more than Elvis’

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Michael Jackson ‘will earn more than Elvis’ Empty
PostSubject: Michael Jackson ‘will earn more than Elvis’   Michael Jackson ‘will earn more than Elvis’ I_icon_minitimeSat Aug 15, 2009 1:55 pm

Michael Jackson has earned £60million in the 50 days since his death.

His executors say cash has flooded in from a film deal and merchandising contracts.

Another £60million is expected by the end of the year – putting Jacko on course to beat even Elvis Presley’s beyond-the-grave earnings.

The King of Pop’s longtime lawyer John Branca, said: “Clearly that’s a new record for estates that likely will not be broken.”

Branca and John McClain, a music executive and Jackson family friend, were named in the star’s will as co-executors of his estate.

The pair have put together a series of deals for merchandise such as commemorative coins, school supplies and a £90 coffee-table book. And this week a judge cleared the way for Sony to make a 3D film from the footage of Jacko rehearsing for his planned This Is It concert series at the O2 in London.

Branca and McClain have also been calling in funds from former advisers who held cash for the singer, several million pounds from one.

And they have been totting up all the wealth in Jacko’s personal belonging including land, memorabilia and art collections.

Although he owed £180million when he died on June 25, his 50% stake in Sony/ATV alone was then thought to be worth £300million.

Elvis’s estate made £33million last year. Branca said: “This will be a bigger estate.”

Jackson’s mum Katherine, 79, has made legal moves to be a third executor so she can have a bigger say in how the legacy is handled.

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