Michael Jackson's Estate Generates $1Billion Since His Death

The estate of Michael Jackson has generated more than $1billion since his death last June.

The fortune has been acquired from music sales and film rights, as well as a series of lucrative deals, including a new contract with Sony Music.

Reuters reports that Jackson sold 9 million albums in the US and 25 million worldwide in the last 12 months.

When combined with digital song downloads and ring tone sales, the star's estate earned an estimated $429million from his music alone.

The movie This Is It, which featured footage of the star rehearsing for his ill-fated comeback in London, generated $329million.

Plans were also unveiled earlier this month for a new Michael Jackson video game, which will enabled users to dance along to his famous routines.

Jackson died at his home in Los Angeles on June 25 last year.

(by Jason Gregory)

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