Michael Jackson’s estate has made the richest record deal in history, the Associated Press is reporting, citing "a person familiar with the deal."

It’s a deal with Sony Music Entertainment for seven projects over the next 10 years.

According to the story, "The record-breaking contract through 2017 could be worth up to $250 million if certain conditions are met. One of the albums will be of never-before-released Jackson recordings that will come out in November, the person said."