Friday, June 26, 2009

All of Michael Jackson - King of Pop (part 7)

2008–2009: Milestones, real estate, planned return to live performance

Neverland Ranch was Jackson's permanent residence from 1988 to 2005. Pictured is an aerial shot of the theme park area of the property.

To celebrate the 25th anniversary of Thriller, Jackson issued Thriller 25, comprised of original material from the album, re-mixes, the previously unreleased song "For All Time" and a DVD. Two singles were released to moderate success: "The Girl Is Mine 2008" and "Wanna Be Startin' Somethin' 2008". Thriller 25 was a commercial success, having done particularly well as a re-issue, peaking at number one in eight countries and Europe. It reached number two in the US, number three in the UK and top 10 on over 30 national charts. It was ineligible for the Billboard 200 chart as a re-release, but entered atop the Pop Catalog chart, where it stayed for 11 non-consecutive weeks and had the best sales on that chart since December 1996. In 12 weeks Thriller 25 sold over three million copies worldwide. As of November 2008, US sales of Thriller 25 stood at 688,000 copies, making it the best-selling catalog album of 2008.

To celebrate Jackson's 50th birthday, Sony BMG released a compilation album called King of Pop in various countries. These albums included tracks from Jackson's group and solo career, all voted for by fans. The albums had different tracklists, according to how the fans of each nation voted. Although it was not released in the US, King of Pop did reach the top 10 in the vast majority of countries it was issued in. It also charted in other countries, albeit lower, from imported sales.

Fortress considered a foreclosure sale of Neverland Ranch to service a loan Jackson owed on the property, but ultimately sold the loan to Colony Capital LLC. In November, Jackson transferred the title of Neverland Ranch to Sycamore Valley Ranch Company LLC. Jackson still owns an unknown stake in the property—Sycamore Valley Ranch is a joint venture between Jackson and Colony Capital LLC—the loan Jackson owed was cleared, he acquired $35 million in the venture.

(wikipedia)

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