Like in most cases, the untimely death of Whitney Houston will result in a major payday for her estate.
Whitney Houston had her fair share of chart-toppers, even posthumously on iTunes and Amazon, and though the superstar’s finances took a hit during her personal struggles, it is still beleived to be a substantial estate that will only get larger.
While there were recent reports that Houston was struggling financially, the sales of her music after her death will improve the condition of her estate, as will the fact that she’ll no longer be burning through cash. Michael Jackson sold over 8 million albums in the U.S. alone in the six months after his death, and close to 30 million worldwide.
Although details of her estate and will have not been made public it is believed that her only child, daughter Bobbi Kristina Brown, 18, will be the main beneficiary.
Zach Greenburg, Forbes writer, said Whitney Houston will not match Jackson’s postmortem earnings, but if her music sells even half as well as Jackson’s did, her artist royalties alone could bring the estate more than $10 million in the coming year.
Houston made millions for her roles in “The Bodyguard” in 1992 and “The Preacher’s Wife” in 1996, the latter for which she reportedly earned $10 million. And in 2001, Houston renewed her contact with Arista Records, signing a $100 million deal, one of the biggest recording deals in the history of the music business, Variety reported at the time. The deal called for at least six albums and two greatest-hits compilations. Her comeback album, “I Look to You,” was released in 2009.
Houston is the 20th top-selling artist in the U.S. of all time, selling 55 million records, according to the Recording Industry Association of America. The single, “I Will Always Love You,” from “The Bodyguard” soundtrack is the longest running number one single from a soundtrack album.
Most people probably would not have noticed but the prices of all of Whitney’s music on iTunes went up about .29¢ per song soon after the announcement of her passing.
Guess someone saw dollar signs when most were seeing tears…