Singer Michael Jackson is negotiating a new contract with CBS Records that would beat anything else out there.
Jackson sent attorney Bertram Fields to New York this week to team up with his contract negotiator, Allen Grubman. The pop singer is asking CBS for a special production deal and royalties of more than $2.50 per album.Jackson requested an advance against royalties of more than $18 million per album. Pop music royalties generally range from $1 to $1.50 per album, including publishing royalties.
Jackson also is seeking his own recording label, the Los Angeles Times reported Thursday.
The newspaper said Jackson wants a guarantee that his deal outpaces that of any other pop singer, including his sister, Janet Jackson, who is renegotiating a contract with A&M Records.
CBS Records spokesman Bob Altshuler declined comment on the negotiations.