Jacko's estate agrees £133m record deal

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Michael Jackson's estate has signed a lucrative record deal worth a record-breaking £133 million.

The seven year contract could eventually be worth as much as $250 million, including the release of 10 albums.

One of which will feature previously unreleased recordings and could be out in shops by November.

Jackson's estate owns all of the star's recordings but Sony has the rights to distribute them until 2015. The new deal extends that deal until 2017.

Sony has already sold an estimated 31 million Jacko albums since he died in Los Angeles last June.

Fans could soon see remastered versions of classic albums such as Off the Wall and Bad, plus other new memorabilia.

With news of the new megabucks deal Jackson's estate may soon be able to pay off some of the huge debts he left behind.

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