London
(ANI):
Late
King
of
Pop
Michael
Jackson"s
estate
has
earned
more
than
a
billion
dollars
since
the
singer
died,
says
Billboard
magazine.
According
to
the
magazine,
Jackson's
album
sales
generated
around
383
million
dollars,
while
his
movie
'This
Is
It" earned
revenue
of
nearly
400
million
dollars.
The
King
of
Pop"s
earnings
also
include
profits
from
publishing
rights,
licensing
and
touring.
A
new
recording
contract
is
estimated
to
have
made
31
million
dollars
so
far.
Although
Jackson"s
'This
Is
It" never
took
off
the
ground
but
it
earned
6.5
million
dollars
from
tickets
retained
by
fans
as
souvenirs
and
not
refunded.
Merchandising
raked
in
5
million
dollars,
reports
The
BBC.
Jackson
died
at
50
June
25,
2009.