The Real Reason Behind Michael Jackson’s Earnings Drop

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Michael Jackson earned nine figures in eight separate years since his death. So seeing his number tumble to $60M this year may come as something of a shock. It would be easy to attribute the dip to the abuse allegations leveled in 'Leaving Neverland,' but that's not the real reason behind the drop.

Last year’s figure included a onetime windfall of nearly $300 million for the sale of Jackson’s stake in EMI Music Publishing, as well as a new record deal with Sony and cash from a CBS Halloween special; this year’s total was always bound to be a fraction of 2019’s. But even after his early 2019 reckoning, Jackson’s U.S. streaming totals actually edged up from 1.8 billion to 2.1 billion, an increase of 17%.

“Michael Jackson … maybe had a little bit of a downside from the detractors, probably an equal amount of upside from the supporters,” says David Bakula, Nielsen’s senior VP of Insight and Analytics. “He’s just going to continue to grow because streaming’s continuing to grow, and because he’s got some unbelievably popular pop songs.”

That said, the days of Jackson’s centimillion-dollar annual earnings totals from beyond the grave may have come to an end—not so much because of a public backlash, but because megadeals and asset sales that fueled his afterlife bonanza have been completed. Among them: pacts forfor his half of the Sony/ATV catalog in 2016, in addition to the aforementioned sale of his EMI stake.

Jackson still can count on further payouts from Sony, cash from the Las Vegas show Michael Jackson One and millions from his own Mijac Music catalog, which his estate still controls. And then there’s his sprawling Neverland compound, now known by its original Sycamore Valley Ranch moniker, which at $31 million

 

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He didn’t have no drop. A hater from Forbes Magazine wrote this. Sit down hater.

Please delete LN movie. That's full of bu*lsh!t

What drop?

Lol. You are trying to keep both MJ fans and haters happy but the bottom line is MJ is still in top regardless of how you word it.

CindyP48428992 The individuals spreading knowingly lies behind any media outlet, for every lie they say, they should get hit with a cane, I think if they couldn’t sit down for several days maybe it would finally teach them lying is wrong obviously explaining in nice way didn’t work! 🤷‍♀️🤔😏

Dan Reed is promoting this story. The idiot didn’t read it properly. He may have deleted it by now but we know he doesn’t pay attention to detail. (Unless he’s realised he has made a mistake and become a MJ fan 😆😆)

Get a grip Forbes - the man is unstoppable and will never be muted.

He isn't dropping just the opiside

I'm confused! I made a screenshot of this yesterday. Anyway, Michael Jackson is unstoppable. The greatest entertainer ever lived. thrilltheworld MJInnocent SquareOneMJ leavingneverlandisafraud thekingofpop

Misleading headline Forbes, he’s actually gaining.

The greatest music artist ever. The KING OF MUSIC MichaelJackson

you mean non-drop.

You JUST said he was the top earning deceased celebrity for the SEVENTH YEAR RUNNING. Now he’s had a “drop” has he

King is unstoppable. The greatest ever

He's...dead?

He was a sexual predator and pedophile I wish we could have inflicted real physical pain.

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