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Jackson's Beatles Songs -- Let it Be

9/14/2009 7:55 AM PDT BY TMZ STAFF

Jackson's Beatles Songs -- Let it BeMichael 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.

180 COMMENTS

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1.

letz byonest    

1830 days ago
2.

addy    

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.

1830 days ago
3.

OOWEEE    

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.

1830 days ago
4.

Bart    

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.

1830 days ago
5.

Michelle    

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!!!!

1830 days ago
6.

jerry    

MJ at the end of the day is just a looser. Weak and pathetic.

For most of his family.... F U.

1830 days ago
7.

JAMES    

that asset is only valued at ( $ 238 million dollars ), far less then the media's and family thinks!.

1830 days ago
8.

shuffler    

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
-------
You, at the end of the day, are a nameless TMZ commenter that can't spell.

Cheers.

1830 days ago
9.

Bart    

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?

1830 days ago
10.

Stop Milking his name    

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.

1830 days ago
11.

viva    

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

1830 days ago
12.

Bart    

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
-------
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

1830 days ago
13.

Stop Milking his name    

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

1830 days ago
14.

danica    

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?

1830 days ago
15.

Somebody , shoot it! Quick!    

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.

1830 days ago
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