So I paid for the Collection Update that gives you the Taken King and the Collectors Edition digital content (exotic class items, shaders, and dance emotes) for 60 bucks. I purchased it in-game not from the Xbox Marketplace as it doesn't appear there. If you go to the Taken King prelude cinematic in-game a menu will pop for you to pre-order the TTK. Another option lets you pre-order the game and the get the collectors edition content listed above for 60 bucks. I bought it and it gave me a option to install it. Every time I click install it takes me to a black screen with the Manage in the top corner. Nothing happens. I go in-game click install again same thing happens.
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Many of us are having the same issue. It's most likely because that particular bundle doesn't exist on the Xbox marketplace. I spoke with Microsoft support and they said they're actively investigating the issue.