DJ CISCO

Michael Jackson's estate has made more than $1 billion dollars since his death a year ago partly due to a lucrative new record deal with Sony Music that goes through 2017 and the most successful concert film of all time.

Billboard estimates that since his death, Jackson has sold approximately 9 million albums in the United States, while the Jackson 5 and the Jacksons have sold about 800,000 units and that worldwide sales for the last year are roughly 24 million units. They estimate that at a sale price of $11.62 per unit, Jackson's album catalog generated about $383 million in sales.

According to SoundScan, Jackson's digital sales have generated 12.9 million track downloads in the United States in the past 12 months and another 13 million worldwide. Billboard estimates that the total value of sales is $34 million.

Jackson's ringtone sales and other musical avenues have generated about $205 million last year.

Billboard estimates Mike has made roughly $392 million in film and TV revenue including "This Is It".

Red Sox baseball player David Ortiz and Jay-Z have settled a lawsuit over the use of the 40/40 club name.

As previously reported Hov and his business partner Juan Perez sued Ortiz for copyright infringement after Ortiz opened his Forty/Forty club in the Dominican Republic.

The suit claimed the similar names caused "marketplace confusion and damage" and Ortiz had full knowledge of their previously opened establishments.

Ortiz settled the suit by agreeing to change the name of his Forty/Forty club and take down his fortyforty.net website.

Jay and Perez were suing for $5 million. They own clubs in New York City, Atlantic City and Las Vegas and have plans to open more in Tokyo and Macau.

According to CBS News affiliate WAFB Torrance Hatch, aka Lil' Boosie, has been indicted on first degree murder for his alleged role in the murder of Terry Boyd.

According to police, Boosie and two men, Michael Louding and Adrian Pittman, who were also charged with first degree murder, fired shots into Boyd's home and allegedly were in possession of ecstasy, codeine and marijuana.

East Baton Rouge Parish District Attorney Hillar Moore III said the death penalty was not out of the question because they believe Boosie paid to have Boyd killed.



Moore also stated investigators are looking into whether Hatch and others are involved in at least five other killings since early last year. "We're investigating the others in a similar fashion," Moore said. "We are investigating the common pattern of these killings and money."

The six slayings they are looking into start from the Feb. 9, 2009, shooting death of local up-and-coming rapper Chris Lynell "Nussie" Jackson to the April 1 double-murder of Charles Matthews and Darryl "Bleek" Milton.

Boosie, who is currently incarcerated after a judge order him to serve time for probation violation, has also been indicted for conspiring with a girlfriend, another inmate and a former correctional officer of smuggling in synthetic marijuana, marijuana pills and codeine into the prison.

In addition to Lil' Boosie, Pittman, and Louding, District Attorneys also state that Jared Williams, Kendrick Johnson, Johnathan Rogers and Ryan "Sneaks" Carroll have all been charged with first degree murders. Carroll and Rogers are both minors, but will be charged as adults.

Maxwell has announced, through his label, that he has postponed a portion of his summer tour until 2011 citing venue scheduling conflicts on the latter part of the tour, which was to feature Melanie Fiona and Jill Scott.

There are rumors circulating that the cancellation is due to a rift between Maxwell, Jill Scott and Erykah Badu. Supposedly Maxwell is upset because the female artists have been running over their allotted time.

Jill Scott's publicist released a statement today saying that the gossip is false. "Jill has enjoyed every moment on stage with Maxwell, whom she calls a consummate gentleman and tour mate. She looks forward to sharing the rest of the tour with all of the supportive followers."

No word regarding the rumors has been issued from any of the other parties.

Drake's show scheduled for Tuesday evening (June 15) in Manhattan was canceled by the New York Police Department after 10,000 fans lined the South Street Seaport which became a safety concern for organizers of the event.

Drake was to appear onstage at 7:45 p.m. The crowd grew larger than expected and organizers of the event and Paper magazine began to prepare for a cancellation.

Drake issued the statement, "I am humbled by the crowd that showed up in support of my performance and the release of Thank Me Later," Drake told MTV News in a statement. "I love performing for my fans, but unfortunately, the show was canceled by the NYPD due to overcrowding, leaving me without the chance to give my fans a real show. I'm thankful for the support that the fans have been giving me ... I thank you now."

B.o.B. recently signed a world-wide co-publishing agreement through Universal Music Publishing Group (UMPG) with Eminem's Slim Shady Music Publishing, LLC, while Alex Da Kid (his writing partner) signed to an exclusive world-wide publishing deal.

"Both B.o.B. and Alex Da Kid are talent that we recognized early and helped develop as their music publisher," said Jessica Rivera, Senior Director of Creative Affairs of UMPG. "It's rewarding to sign such amazing talent and see their efforts grow into major international pop success. We look forward to supporting their future efforts as they develop long careers making music that will be heard around the world."

Other than the album "The Adventures of Bobby Ray" being included in the deal terms of the agreement were not revealed

Prince Rogers Nelson is getting a lifetime achievement honor during the BET Awards that will be held on June 27th.

Prince joins James Brown, Whitney Houston, Diana Ross and Al Green in being honored by the BET Awards, which will celebrate its 10th year in Los Angeles.

Stephen G. Hill, president of programming, music and specials for BET said they will celebrate the Rock and Roll Hall of Famer's "unique style" and that the tribute will stand out.

Prince has won seven Grammy Awards,a Golden Globe,and an Academy Award. He was inducted into the Rock and Roll Hall of Fame in 2004, the first year he was eligible and in 2004 Rolling Stone ranked Prince #28 on its list of the 100 Greatest Artists of All Time.

The BET show will be hosted by Queen Latifah and include performances by Drake, Diddy, Trey Songz, Rick Ross, Kanye West and others.

In February 2010, Dr. Dre sued WIDEawake Death Row Records, formerly Death Row Records, for putting out a new version of "The Chronic." Dr. Dre sued asserting the album violated his rights of trademark and publicity.

Death Row argued that it did not substantially modify "The Chronic" other than giving it clarity and better volume.

California District Court Judge Christina Snyder agreed and ruled that the alterations to the cd were "minor and inconsequential. The dismissal of this case was more about casual licensing rights of Dre's music. Apparently when Death Row Records was created Dre made an oral agreement for an 18 percent royalty rate for "The Chronic"

California District Court Judge Christina Snyder said, "If Dr. Dre was paid his 18 percent in royalties, his argument is null and void."

But according to Dr. Dre, he has not been paid anything by his former record label so another lawsuit will be filed for non payment of royalties.

There has been a rumor floating around the internet that United States President Barack Obama is in the video "Whoomp There It Is."

President Barack Obama has responded and denied the growing allegations that it is him featured in the video.

The man in the video vaguely looks like Obama sparking rumors across the Internet that he appeared in the 17-year-old video.

"It's not him," spokeswoman Kate Bedingfield.

Check out the video. It's about 1 minute in.

The man in the video is L.A. Sno from the bass group Duice and not President Obama.

Duice is the group that had the one hit Dazzey Duks.

WOW!!!

Can we all say that the person took this photo and sold it is going to hell!!!!