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Entertainment News and Social Events

Michael Jackson

The magazine said Jackson's album sales have generated about $383m (£259m), while revenue from the film This Is It has hit nearly $400m (£271m).

Profits from publishing rights, licensing and touring are also included in the total.

A new recording contract is estimated to have made $31m (£21m) so far.

The Sony Music Entertainment deal will see 10 albums of the late singer's music released over the next seven years, including one of previously unreleased material.

The estate is guaranteed between $200m (£135m) and $250m (£169.5m) for the deal but Billboard believes approximately $31m (£21m) of this will have been paid in the last 12 months.

Publishing profits

Despite the This Is It tour never getting off the ground, revenue from tickets retained by fans as souvenirs and not refunded brought in about $6.5m (£4.4m), with merchandise raking in $5m (£3.4m), although concert promoter AEG has a cut of these profits.

Jackson's music publishing company, Mijac, currently has a value of around $150m (£102m), according to Billboard.

The magazine said Mijac could have generated as much as $50m (£33.9m) in the last year.

Jackson's estate also owns half of music publishing company, Sony/ATV.

Barry Massarsky of Massarsky Consulting estimated that Jackson's share of Sony/ATV's revenue is $80m (£54.3m) a year.

Other profits have come from DVD sales and rentals, downloads, royalties and ringtones.

Jackson died on 25 June last year at the age of 50.

Lydia Forson

Lydia has opened up to NEWS-ONE about her hairstyle, saying it is not only a unique feature about herself, but an identity she keeps.

The Jennifer Hudson look-alike likes to keep her natural hair with spikes. Most often, she highlights her hair to match her outfits for each occasion. This has, within a very short while, distinguished her from a number of her colleagues in the industry.

Barely three weeks ago, Nollywood actress Uche Jombo, during a conversation with Lydia and Desmond Elliot, openly expressed her admiration for the ‘Sting In A Tale’ leading lady’s coif, saying “I like it”.

Interestingly, Lydia says she doesn’t even have a name for her hairstyle.

“I have no name for it. Honestly, everything I do to my hair is never planned. I just get up and get my hair done. But once a while I go to the salon to wash it and spray it. I like to do things my own way and I like stuff that make me comfortable,” she told NEWS-ONE.

According to her, she used to keep her hair long but had to cut it because she was uncomfortable with it and besides she needed to do something unique she could be easily identified with.

“I do things naturally and I don’t do what everybody is doing. That has been part of me since I was a kid. Every hairstyle I do, I don’t plan it. I just get up and cut the hair to suit myself. I just like being different.”

During the premiere of ‘Perfect Picture’ a year ago at the National Theatre in Accra, the actress’ hairstyle was one of the side attractions at the event. But she says it is not expensive to get the style because it is natural.

Source: NewsOne

Ofori Amponsah All4Real warming his way back

According to sources close to All4Real, the singer has placed several calls to Frank for renegotiation and renewal of his contract as manager, but reports say Frank is reluctant to take up the position.

Peacefmonline placed a call to 4Reec Entertainment, Ofori Amponsah's label to find out the truth in the matter.

Madam Elizabeth Aboagyewaa who claims to be, Ofori Amponsah’s Personal Assistant, would not deny or confirm that All4Real is trying to get Frank back.

“Frank is Ofori’s former manager and they are still very good friends. They meet and talk when they have to, but as to whether Ofori wants him back as his manager, I can’t really tell. There might be a possibility but I don’t know for now,” Lizzy responded.

Asked who is the current Manager of Ofori Amponsah, Lizzy said she is the one doing everything for him now as his manager and special Assistant.

When Frank was reached for his side of the issue, he confirmed that the “Otoolege” singer has called him a couple of times to speak with him about his new album.

“I have even met him in his house to listen to some of the tracks on his new album and gave some advice,” he said.

According to him, Ofori has expressed his desire to work with him again but they have not agreed on anything yet. Even though ...

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