Jackson Renews $65 Million Contract with Sony Amidst Public Social Work Efforts

In March 1991, Michael Jackson made headlines by renewing his contract with Sony for a staggering $65 million, which is equivalent to approximately $145 million in 2023. This record-breaking deal surpassed Neil Diamond's previous renewal contract with Columbia Records, solidifying Jackson's status as a leading figure in the music industry. That same year, he released his eighth studio album, 'Dangerous', which he co-produced with Teddy Riley. The album was a commercial success, achieving eight times platinum certification in the United States and selling an impressive 32 million copies worldwide by 2018. The lead single, 'Black or White', became the album's highest-charting song, dominating the Billboard Hot 100 for seven consecutive weeks and achieving similar success globally. Another notable single from the album, 'Remember the Time', also performed well, peaking at number three on the Billboard Hot 100. Jackson's innovative sound and groundbreaking music videos during this period further cemented his legacy as the King of Pop.