At the time of his death last June, Michael Jackson was reportedly deeply in debt and had agreed to sign on for an unprecedented 50-date run at the O2 arena in London, as a means of turning his financial fortunes around.
But thanks to a flurry of merchandising deals and a flood of nostalgia-fueled musique sales, his estate has generated nearly $1 billion in the past year,Billboard reports via Reuters.
Billboard broke down the source of that windfall, determining that nearly half of it came from the robust musique sales following the singer's shock death on June 25, 2009. Jackson has sold 9 million...
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