In November 1982, the storybook for E.T.: The Extra-terrestrial was released. It included Jackson reading the story as well as one original song ("Someone in the Dark"). The album later won a Grammy for "Best Album for Children".
In December 1982, Jackson released his second Epic album, Thriller, which became the best-selling album in music history. The album spawned seven hit singles, including "Billie Jean" (which was the first music video by a black artist to receive regular airplay on MTV), "Beat It" and the album's title track which was accompanied by a revolutionary music video. The thirteen-minute Thriller was critically acclaimed, and massive airplay lead to it being packaged with the featurette Making Michael Jackson's Thriller on VHS, where it became the best-selling music home video ever. Thriller spent 37 weeks at number-one and remained on the Billboard album chart for 122 weeks. It was eventually certified 27x Platinum in the United States.
Jackson with the Reagans in 1984.In 1983, whilst performing "Billie Jean" at the Motown 25: Yesterday, Today, Forever concert Jackson debuted what can be regarded as his signature move: the moonwalk. In 1983, he started a sponsorship deal with Pepsi-Cola, and, as part of the deal, he agreed to star in a commercial. While filming a Pepsi commercial with his brothers in 1984, before a live audience, his hair caught on fire when a pyrotechnic effect went wrong. Jackson suffered serious burns on his scalp.
In February 1984, Jackson was nominated for twelve Grammy awards - of which he won eight - breaking the record for the most Grammy Awards won in a single year. Seven were for the critically acclaimed Thriller and the other for the E.T.: The Extra-terrestrial storybook. In 1984, he also won eight American Music Awards and the "Special Award of Merit" and three MTV Video Music Awards.
After reuniting with his brothers, he then helped to write the Victory album. He then performed and starred in the Victory Tour which started on July 6, 1984 and lasted for five months.
In 1985, Jackson was invited to the White House and was personally thanked by then-President Ronald Reagan at a White House ceremony for donating the song "Beat It" for use in drunk driving prevention television and radio public service announcements.
Jackson continued his charity work in 1985 by co-writing, with Lionel Richie, the hit single "We Are the World". The charity single helped to raise money and awareness for the famine in East Africa and was one of the first instances where Jackson was seen as a humanitarian. The song also won a Grammy Award for "Song of the Year".
Jackson in the video for "Beat It".Controversy began when Jackson purchased shares in the ATV Music Publishing (a company which owned the rights to most of the Beatles' songs), making himself the majority shareholder. This move angered close friend and songwriter Paul McCartney, who had also made a bid for the company. Ironically, it was McCartney who advised Jackson on the merits of song ownership. Their creative co-writing ended after this event. Following this controversial business deal, tabloid stories of Jackson sleeping in a hyperbaric oxygen chamber to stall the aging-process, and an allegation claiming Jackson attempted to purchase the bones of the Elephant Man inspired the pejorative sobriquet "Wacko Jacko". The name "Wacko Jacko," which was first used by British media, would come to be detested by Jackson.
In 1986, Jackson starred in the George Lucas-produced, Francis Ford Coppola-directed 3-D film Captain EO. The film lasted 17 minutes but had costs estimated at $17 million. At the time, it was the most expensive film ever produced on a per-minute basis. In the USA, the Disney theme parks hosted Captain EO. Disneyland featured the film in tomorrow-land from September 18, 1986 until April 7, 1997. It was also featured in Walt Disney World in Epcot from September 12, 1986 until July 6, 1994. Two new songs featured in the film. These were "Another Part of Me", which later appeared on Bad, and "We Are Here To Change The World", which was officially released in 2004 on the box set Michael Jackson: The Ultimate Collection.