"John McClain said it best," Branca said.
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The estate has benefited from their deal to release the movie This is It compiled from footage of rehearsals for a series of concerts that was in preparation when Jackson died last June at age 50.īranca said he is convinced that Jackson would be delighted with the results of their negotiations. He and John McClain, a lifelong Jackson friend and music producer, are co-administrators of the Jackson estate. He also would not discuss the finances or specific details of the deal.īranca is the lawyer who met the superstar singer when both were young men and is seen as the architect of Jackson's financial empire. He added that "there's more to come" but declined to elaborate. It's really an honour to be part of this." "It's a testament to Michael's incredible talent and his music. "The remarkable thing is to make the biggest deal in history in a market with declining record sales. He said in an interview with The Associated Press that this is only the first of more deals that will bring Jackson's music to his fans and introduce it to a world of potential new fans. John Branca, who negotiated the deal along with co-executor John McClain and team of attorneys, was clearly elated about the deal. LOS ANGELES-The man who spearheaded the record-breaking deal in which Michael Jackson's estate will get up to $250 million in the next seven years said Sony Music Entertainment bought a treasure trove of new Jackson music, some of it recorded "quite recently," some in collaboration with other artists.