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Report: Jackson made $1B after death

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American singer Michael Jackson announces his summer concert dates at a press conference at O2 Arena in London on March 5, 2009. UPI/Rune Hellestad 
Published: June 22, 2010 at 11:55 AM

LOS ANGELES, June 22 (UPI) -- Michael Jackson's company, MJ Inc., has generated at least $1 billion in revenue in the year following the pop icon's death at the age of 50, Billboard said.

The recording artist died of an overdose of the anesthetic drug propofol June 25, 2009. Jackson's personal physician is awaiting trial on an involuntary manslaughter charge in connection with the singer's death.

Billboard said sales of Jackson's albums, a lucrative new record deal with Sony Music and the release of the Jackson concert film "This is It" has helped put an estimated $1 billion in the coffers of the recording artist's estate since last June.

Topics: Michael Jackson
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