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Michael Jackson's publishing catalog will not be sold to pump up the assets in the estate, according to sources familiar with the probate.
We're told several family members are questioning why the estate appears, as one put it, "in the red." Sources knowledgeable with the estate acknowledge a "huge amount of debt" as creditors claims continue to come in.
But, we're told, in the end, if all the assets were sold the estate would definitely be flush with cash. HOWEVER, sources say the publishing catalog -- notably the Beatles' songs -- will not go on the auction block. Sources say it's an asset that is worth way more to Jackson's kids in the long run than the cash it would generate now.
The honchos in the estate, we're told, are confident it will be fueled by an influx of cash over the next year or two -- the amount of time it will take to wrap probate up.
Until probate ends, family members will have to make due with their allowances.
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for a complete recap of VMA's click here:
http://invazion.wordpress.com/2009/09/13/b-yonest-newz-mtv-vmas-2009-recap/
the man never sold it when he was alive and in his 'so-called debt' so why sell it now? just let it be. only the kids will decided when they grow up.
STILL THE WORST FAMILY OF THE YEAR AWARD GOES TO........the ENABLING JACKSONS, for consistently ignoring and enabling Michael Jacksons addictions just to stay in his good graces and on his payroll. Now the Jacksons family is being targeted for tainting evidence and no criminal charges of Murder, Homicide, Manslaughter nor Moonwalking will be filed. NO JUSTICE FOR MICHAEL....NO JUSTICE FOR MIHCAEL......RIP MICHAEL JACKSON, I am so sorry that no one cared enough about you to put you in rehab and save your life.....People it is done all the time to prevent a tragedy.
Who cares, Michael Jackson aint gonna be spending any of the money, he's dead. The estate can purchase him a real nice nose since they lost the other one. Now if we can figure out a way to get Serina Williams and Kanye West to croak on an overdose the would will be "3" times better off.
funny how someone such as MJ is supposed to be so talented....yet his biggest and most important asset is the BEATLES catalog of music......speaks volumes......long live The Lads from Liverpool!!!!
MJ at the end of the day is just a looser. Weak and pathetic.
For most of his family.... F U.
that asset is only valued at ( $ 238 million dollars ), far less then the media's and family thinks!.
MJ at the end of the day is just a looser. Weak and pathetic.
For most of his family.... F U.
Posted at 7:22AM on Sep 14th 2009 by JC
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You, at the end of the day, are a nameless TMZ commenter that can't spell.
Cheers.
Joe Jackson is planning of releasing an album "Michael, Live from the Grave". or "No nose is good nose". Wonder what they ever did with his brain?
Good to hear. Branca & mcclain should NOT listen to the Jackson family. Once Katherine is gone, they won't get a penny from the estate. The objective should be long turn investments for the children.
MJ sold over 15M albums worlwide since hsi death..and the Beatles are selling their new remastered albums..all additional income for the estate. There is ABSOLUTELY no need to sell the catalogue.
michael might have died and people cry a lot and wonder why him,but i think it fair because at somepoint we all are gonna die,and it will be good enough if we life that has a mark like that of jack.So we rather have to look back at the possitive side of the incidence.Lets live our life that people should remember us someday
all the below is very true, but the fact remains, that at the end of this day, JC will still be alive and not in a cold grave dead from an overdose and for sure will still have his nose attached. HA
11. MJ at the end of the day is just a looser. Weak and pathetic.
For most of his family.... F U.
Posted at 7:22AM on Sep 14th 2009 by JC
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You, at the end of the day, are a nameless TMZ commenter that can't spell.
Cheers.
Posted at 7:35AM on Sep 14th 2009 by shuffler
Well, those rented Rolls Royce phantom don't come cheap.
Anyway, the family has no say in the estate. It is all Branca & McClain...Katherine should enjoy her allowance in the meantime. Might be the only thing she will ever get.
Once her 40% reverts back to the kids, it should be good.
We're told several family members are questioning why the estate appears, as one put it, "in the red."
Read more: http://www.tmz.com/2009/09/14/michael-jackson-beatles-songs-estate-probate-kids-publishing-rights/1#c21590099#ixzz0R54eTbQc
This story is old. Branca sad a month ago the estate would not sell the catalogue. His comments came after the family expressed fear that he would.
TMZ is twisting the story for controversy when legitimate national news networks reported the facts.
Slow news day?
Those Jack$on$.
LOL!!!
The estate and everything should be left as is.Branca and McClain KNOW this stuff.The Jack$on$ want to ge their finance team in there so that they can push them to do it their way.
The estate has debt. more than assets at his death becauseof his spending and just day to day living. people like MJ don't live like us.
Next,do you know Jermaine and his kids with his wife,who is Randy's ex-wife, and others all live at the Encino home.
MJ kids are not going to regularschool,rich people's school,so they can be brainwashed by the Jackson family leeches.
Sad.
