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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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16.

TRACKER    

THE NEXT POST I WOULD LIKE TO READ IS "SOMEONE HAS FINALLY PUT KANYE WEST IN HIS PLACE" HE IS AN {UNDESERVING}

1676 days ago
17.

Jacksonita    

Beatles catalogue generates money indeed, but you'll see in time how much money the brand Michael jackson shall make.

1676 days ago
18.

pia    

Why would several members (Joe & Jermaine) be concerned? Micheal left his money to those that he thought were important to him and who he wanted cared for. Is it because the estate will only pay for Katherine's expense's and not continue to support the whole clan like Micheal, including grown family,their kids, current and ex-wives. Go team Branca & McClain so there is something left for the children.

1676 days ago
19.

For Sure    

Finally they all make a great decision. Especially now with Paul McCartney on tour the Beatles catalog will soar and so will Michael's songs.
Anyway this will generate money forever for the Heirs as it has done for stars like Little Richard.
Congrats! Soon Michael will rest in peace he still has a few more things to take care of !

1676 days ago
20.

reducto_    

there is obviously a long story with the catalogue & at the end of the day the story seems to read that Michael did not want to sell this no matter what! So this is good news to hear.

1676 days ago
21.

Cec    

They should put the Beatles catalogue where it belongs. In the hands of the Beatles. No disrespect to MJ, but he totally sold out Paul McCartney when he wanted to buy it himself. I also heard that MJ left it to Paul in his will...

1676 days ago
22.

TEAMBRANCA    

katherine and joe

bottom line "where's the money"

luv you janet

1676 days ago
23.

TEAMBRANCA    

Posted at 8:28AM on Sep 14th 2009 by Cec

cec you are wrong

PAUL HAD EVERY OPPORTUNITY TO BUY IT
MJ outbid everyone

and YOKO DID NOT WANT TO BUY IT WITH PAUL AND PAUL DIDN'T WANT TO BUY IT ALONE

BUSINESS

PAUL OWNS PLENTY OF OTHER ARTISTS PUBLISHING RIGHTS

SO THERE

1676 days ago
24.

Stop Milking his name    

Paul McCartney was to cheap to bid the 47M$ asking price when MJ bought the songs.

He did not think his own songs were worth that much money, Michael thought otherwise. Don't forget at that time, Mccartney was a lot richer than MJ.

So stop with this crap. McCartney was too cheap to buy his own catalogue. By the way, Yoko Ono was happy that MJ got them.

21. They should put the Beatles catalogue where it belongs. In the hands of the Beatles. No disrespect to MJ, but he totally sold out Paul McCartney when he wanted to buy it himself. I also heard that MJ left it to Paul in his will...

Posted at 8:28AM on Sep 14th 2009 by Cec

Read more: http://www.tmz.com/2009/09/14/michael-jackson-beatles-songs-estate-probate-kids-publishing-rights/2#comments#ixzz0R5FNNNN1

1676 days ago
25.

TEAMBRANCA    

Jermaine in an MJ jacket last night

I will make no comment ... about MJ's 'rock'

1676 days ago
26.

Sal Paradise    

The Beatles catalog must be close to or has already past its prime income producing level. Although they are icons, they are icons from about 40 years ago. And, like it or not, even icons eventually lose their marketshare. The recent release of their enhanced music is an example of the catalog's worth, but it's also evidence of marketing options that running low.

The key to the catalog's worth is it's ability to generate large profits. That doesn't come from people buying the music, but from intense marketing deals, like the one going on now. Trouble is, there are only so many of those left. And after that, the catalog will have reached its max value.

Not now, but in 10 years or so, the catalog will begin to lose value. The family would be better off, I think, selling it before then and investing the profits somewhere else. If not, they could be owners of a famous but less valuable asset.

1676 days ago
27.

janalal4    

http://www.thisisit-movie.com/?hs308=MJ012

I guess everyone knows this by now but here's the link to watch the full 'This Is It' trailer again(or, for the 1st time if anyone missed it!) Wow, do I miss him!

1676 days ago
28.

Missy    

I'm so happy that something is finally being done in the best interest of MJs children! I really hope Janet takes more of a lead in raising Prince,Paris,and "Blanket"!
come on lapd start making some arrests!!!

1676 days ago
29.

Debbie    

MJ executors are doing a great job for his children. Keep up the good work protecting his kids. It is right the beatles could have bought it. Justice for MJ and his children.

1676 days ago
30.

Denise do Rio de Janeiro.    

Stunning lack of news about Conrad Murray ... nothing ...

Medical negligence is not sufficient reason to arrest this charlatan? The more he must kill to see the sunrise square?

What is this silence?

And the paparazzi that both destroys the life of Michael Jackson, and the media?
Nobody says anything, nobody saw anything, not a photo, anything?

Why not hold Murray?

TMZ ... you do not have information about the murder of Michael Jackson?

Only gossip about family?

We are given the chance?

This is all very crazy!

1676 days ago
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