Pepsi, "We Are the World" and business career (1984–85) {6)

On January 27, 1984, Michael and other members of the Jacksons filmed a Pepsi Cola commercial, overseen by executive Philip Dusenberry, at the Shrine Auditorium in Los Angeles. In front of a full house of fans during a simulated concert, pyrotechnics accidentally set Jackson's hair on fire. He suffered second-degree burns to his scalp. Jackson underwent treatment to hide the scars on his scalp, and he also had his third rhinoplasty shortly thereafter. Jackson never recovered from this injury. Pepsi settled out of court, and Jackson donated his $1.5 million settlement to the Brotman Medical Center in Culver City, California, which now has a "Michael Jackson Burn Center" in honor of his donation.

On May 14, 1984, Jackson was invited to the White House to receive an award from President Ronald Reagan

(Micheal Jackson at the White House South Portico with President Ronald Reagan and first lady Nancy Reagan, 1984)

for his support of charities that helped people overcome alcohol and drug abuse. Jackson won eight awards during the Grammys that year.

Unlike later albums, Thriller did not have an official tour to promote it, but the 1984 Victory Tour, headlined by The Jacksons, showcased much of Jackson's new solo material to more than two million Americans. He donated his $5 million share from the Victory Tour to charity. He also co-wrote the charity single "We Are the World" in 1985 with Lionel Richie, which was released worldwide to aid the poor in the U.S. and Africa. It became one of the best-selling singles of all time, with nearly 20 million copies sold and millions of dollars donated to famine relief.

In 1985, ATV Music, a music publishing company owning thousands of music copyrights, including the Northern Songs catalogue that contained the majority of the Lennon/McCartney compositions recorded by The Beatles, was put up for sale.[41][42] Jackson had become interested in owning music catalogs after working with Paul McCartney in the early 1980s: Jackson had learned McCartney made approximately $40 million a year from other people's songs. McCartney's attorney assured Jackson's attorney that McCartney was not interested in bidding on ATV: McCartney reportedly said "It's too pricey". However, McCartney later changed his mind and tried to persuade John Lennon's widow Yoko Ono to join him in a joint bid. Ono declined, and McCartney pulled out. Jackson eventually beat the rest of the competition in negotiations that lasted 10 months, purchasing the catalog for $47.5 million.