Michael Jackson estate launches biopic aiming for over $500 million global profit
Updated
Updated · Forbes · Apr 23
Michael Jackson estate launches biopic aiming for over $500 million global profit
1 articles · Updated · Forbes · Apr 23
The film premiered in Berlin with Jaafar Jackson starring and a $150 million budget, requiring $500 million in global box office to break even.
Lionsgate hopes for $700 million in total revenue to greenlight a sequel, while the estate stands to earn millions from profit participation and related music sales.
Despite omitting abuse allegations, the movie received enthusiastic fan response; the estate’s financial health has rebounded since Jackson’s 2009 death, earning over $3.5 billion from various ventures.
Is Paris Jackson's legal fight about protecting her father's legacy or the estate's money?
By omitting the allegations, does the 'Michael' biopic create a false history for a new generation?
After the Quincy Jones catalog sale, who really controls the future of Jackson's most iconic music?
Can a sanitized story achieve the same $500M box office success as 'Bohemian Rhapsody'?
Why do audiences love the film while critics are so divided on its portrayal of the pop star?
What might a sequel reveal using the controversial footage that was deliberately cut from this film?