Company News

Estate of Michael Jackson and Sony Music Renew 30-Year Relationship With Landmark Recording Deal

Sony Music Entertainment - 03/16/2010

Special Administrators for the Estate of Michael Jackson, John Branca and John McClain, and Sony Music will continue the label's 30-year relationship with Michael Jackson and his music with a landmark recording deal, it was announced today.

With this new agreement, Sony Music's Columbia Epic Label Group and Legacy Recordings will continue their term of rights to his catalog and also create new projects for Michael Jackson featuring the never-before-released Jackson recordings. The first project featuring unreleased music is expected for release in November 2010.

Rob Stringer, Chairman of the Columbia Epic Label Group comments, "Michael has always been a treasured member of the Sony Music family. We're dedicated to protecting this icon's legacy and we're thrilled that we can continue to bring his music to the world for the foreseeable future."

John Branca comments, "During his life, Michael's contracts set the standard for the industry, reflecting his unique vision and talents that inspired and excited people in every corner of the world. By all objective criteria, this agreement with Sony Music demonstrates the lasting power of Michael's music by exceeding all previous industry benchmarks. Each new generation produces countless new fans who appreciate Michael's artistry, requiring a partner that has Sony's wherewithal, business acumen and foresight to properly and respectfully showcase his genius well into the future."

As a solo artist with Epic Records spanning three decades, Michael has sold hundreds of millions of records worldwide and released thirteen #1 singles. Jackson became one of a handful of artists to be inducted twice into the Rock and Roll Hall of Fame, won 13 Grammy Awards and received the American Music Award's Artist of the Century Award. Sony's Legacy Recordings has also created a number of successful projects such as the "Thriller" 25th anniversary album. The best selling album of all time worldwide by wide margin, "Thriller" showed the lasting power of Michael's music by returning to #1 on the weekly sales charts in 2008.

John McClain comments, "Nowhere did Michael set the bar higher than he did with 'Thriller,' which nearly three decades after its release by Epic remains by far the best-selling album in history worldwide with music that transcends generations. We believe we have a partner in Sony that knows and appreciates Michael's artistry as well as the passion of his fans. We look forward to continuing our partnership with Sony to preserve and enhance his remarkable musical legacy."

This past fall, Sony Music released the #1 two-disc album companion to the motion picture Michael Jackson's This is It " which has sold over 5 million copies worldwide. Released by Sony Pictures, the film made history as the highest grossing concert film of all time and the recently released DVD took the #1 spot in DVD sales, breaking the record for first-week's sales of a music film.

About Sony Music Entertainment

Sony Music Entertainment is a global recorded music company with a roster of current artists that includes a broad array of both local artists and international superstars. The company boasts a vast catalog that comprises some of the most important recordings in history. It is home to premier record labels representing music from every genre, including American Recordings, Arista Nashville, Arista Records, Aware, Battery Records, Beach Street Records, Black Seal, BNA Records, Cinematic, Columbia Nashville, Columbia Records, Epic Records, Essential Records, Flicker Records, Fo-Yo Soul, GospoCentric, Hitz Committee Entertainment, J Records, Jive Records, LaFace Records, Legacy Recordings, Masterworks, Polo Grounds, RCA Records, RCA Nashville, RCA Red Seal, RCA Victor, Reunion Records, Slightly Dangerous, Sony Classical, Sony Music Latin, Star Time International, Verity Records, and Volcano Entertainment. Sony Music Entertainment is a wholly owned subsidiary of Sony Corporation of America. For more information, visit www.sonymusic.com.

First Call Analyst:
FCMN Contact:

SOURCE: Legacy Recordings

CONTACT: For Columbia Epic Label Group, Lois Najarian O'Neill, The Door,
+1-718-383-1708, Lois@thedooronline.com; or For the Estate of Michael Jackson,
Jim Bates, Sitrick And Company, +1-310-788-2850, James_bates@sitrick.com

Web Site: http://www.sonymusic.com/