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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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61.

They were in it for the money    

People make a big deal out of this Beatles Catalog, which it is. I am shocked to find out now that Michael also owns, among other music catalogs, the entire Acuff/Rose Catalog. May not mean much to a lot of people, but this is like the Nashville Song bible. Holy Sh*t! The more I read, the more inclined I am to beleieve michael did not personally buy these things, it's the investors ie: AEG, Sony, Colony, Tohme, Dileo. Dileo was right in the thick of it in Nashville with his own 2 bit music company, was gonna retire, do the Oliver Douglas thing, now look at him, sitting in the prime chair of MJJ when Tohme got fired and they were just out to lunch the day Michael died. Let's see those videos from the Beverly Wilshire Hotel, shall we?

1773 days ago
62.

susan    

Paul wasn't outbid. He never put in a bid, once Yoko didn't go in with him (very smartly she didn't, because she got them back for free a decade later). He didn't have the cash to do it alone at the time.

Please stop with the idiotic racism statements, where there is no racism involved.


61. it is also very true that Paul owns alot of other artists catalogs and music. he was just out bid simple as that. Why is okay when white men own everything...Chuck Berry, james Brown, Otis Redding, and the list goes on and on and on. No one cared or said crap. But as soon as Michael bought the white man's music , he is labeled the anti-christ? Get over it. it has been a part of the record industry since the beginning of time. It was Paul who told Mike to buy music, so he did? was he supposed to buy garbage? No! He bought the best of the best. And while folks like Sammy davis died broke ( MJ paid for his funeral btw) along with many other great black artist who watched Elvis sing their songs and become rich and famous, Mike didn't go out that way. He may not have had alot of cash, but $1.4 BILLION IN ASSETS ain't nothing to turn one's nose up at.
This is my opinion, when the white man goes back and gives the families of the black artist's the money and the rights, then MJ estate can consider giving the Beatle's back. But we all know that will never happen. Just remember what goes around comes around. MJ is teaching so many lessons if folk care to open their eyes and see. And i made it a black and white thing to drive my point, but in reality it's BUSINESS. Prince walked around with a symbol for a name and slave written across his face for years. George Michael had issues with Sony, so this is an ongoing problem. But don't put it all on MJ. He joined the big boys club and played hard. He struck a major deal, but he didn't invent the wheel folks

Posted at 11:39AM on Sep 14th 2009 by me



Read more: http://www.tmz.com/2009/09/14/michael-jackson-beatles-songs-estate-probate-kids-publishing-rights/5#comments#ixzz0R666t6Op

1773 days ago
64.

susan    

The Sony/ATV catalogue is over 500,000 songs. The Beatles are 250 of them. The Beatles were NEVER a catalogue on their own. They were part of the 4000 song ATV catalogue that was originally bought by MJ


66. Doesn't the Michael Jackson Trust own his stake in the ATV/Sony Catalog that also includes the rights to some country music and other artist. This catalog didn't just include the Beatles, it also included a number of newer artist, and also MJ's own music catalog.
Sony/ATV bought the Lieber Stoller in 2007.
Michael formed the trust at some point along the way. Isn't the trust managed by the estate or is it the other way around? I don't know.


Posted at 11:59AM on Sep 14th 2009 by Della



Read more: http://www.tmz.com/2009/09/14/michael-jackson-beatles-songs-estate-probate-kids-publishing-rights/5#ixzz0R66mEkLx

1773 days ago
65.

BillieJeanJackson    

Why is JERMAINE wearing MJ's clothes??? Those Jackets looked GOOD on MJ, They look like they are too small for Jerkmaine, and just because U have the jacket on, doesn't mean U have talent.

When are we going to find out who is drawing an allowance, besides Katherine and the 3 kids.

They should all get jobs and go to work. They are all living in the past. Waiting for a reunion tour that will never happen.

It looks like the FANS care more about MJ's murder than they do. With the exception of La Toya and catfish, none of them seem to care. Certainly not Jerkmaine, he is strictly looking to make money for himself.

Unfortunately the truth may never be told. That is sad.

They are lucky MJ named Branca and McClain to oversee his estate, because the family would have run it to the ground in no time.

1773 days ago
66.

Jennifer Holgate    

google Cassandra Gretchen -Sims or Derek Clontz.worldpress.com/

1773 days ago
67.

Della    

71. The Sony/ATV catalogue is over 500,000 songs. The Beatles are 250 of them. The Beatles were NEVER a catalogue on their own. They were part of the 4000 song ATV catalogue that was originally bought by MJ

I didn't write the beatles were a catalog. I just typed the word Beatles. I understand it to be songs.. stop being beligerant to people.

1773 days ago
68.

Della    

Sony ATV/Michael Jackson Trust Co own a catalog of music that includes songs from the Beatles. Is that better, Susan?

1773 days ago
69.

susan    

No one can be given an allowance by the courts or the estate other than the beneficiaries.


72. Why is JERMAINE wearing MJ's clothes??? Those Jackets looked GOOD on MJ, They look like they are too small for Jerkmaine, and just because U have the jacket on, doesn't mean U have talent.

When are we going to find out who is drawing an allowance, besides Katherine and the 3 kids.

They should all get jobs and go to work. They are all living in the past. Waiting for a reunion tour that will never happen.

It looks like the FANS care more about MJ's murder than they do. With the exception of La Toya and catfish, none of them seem to care. Certainly not Jerkmaine, he is strictly looking to make money for himself.

Unfortunately the truth may never be told. That is sad.

They are lucky MJ named Branca and McClain to oversee his estate, because the family would have run it to the ground in no time.

Posted at 12:08PM on Sep 14th 2009 by mamagoo



Read more: http://www.tmz.com/2009/09/14/michael-jackson-beatles-songs-estate-probate-kids-publishing-rights/5#c21602481#ixzz0R6CXJdDc

1773 days ago
70.

for; while my guitar gently weeps    

Susan; OK Rock-band Beatles in store's! Thank's

65. Michael Jackson's estate will soon be earning gazillions now that Michael is not spending money like there is no tomorrow. That music catalog is a gold mine of songs, only part of which are Beatles songs. His children, their children, and their children's children will be living in grand style. May they inherit their father's generosity and not his vices.

Posted at 11:57AM on Sep 14th 2009 by Jill

Jill Kathleen Jackson gets 40% from Trust, Michaels children each get 13.333% from Trust, Trust is not selling value for them, Trust must make Money to pay them, until Blanket comes of age and then Trust is dissolved.
Also' When Blanket was born, Michael drafted Will, on Will Michael's children names are "Not" the same as on Birth Certificate, their is no validity to Will other than the fact that Judge accepted it.
Michael's children require personal Attorneys to resolve their best interest' as far as Trust management is concerned, Joe said a newer Will or two exists.

1773 days ago
71.

susan    

p.s. MJ's personal music catalogue has nothing to do with the Sony/ATV catalogue. He had Mijac Music Publishing that controlled his own songs and some other artists.

66. Doesn't the Michael Jackson Trust own his stake in the ATV/Sony Catalog that also includes the rights to some country music and other artist. This catalog didn't just include the Beatles, it also included a number of newer artist, and also MJ's own music catalog.


Read more: http://www.tmz.com/2009/09/14/michael-jackson-beatles-songs-estate-probate-kids-publishing-rights/5#ixzz0R6DcU7Lx

1773 days ago
72.

Ann    

We have something to tell you!
messagetomichaeljackson.org

1773 days ago
73.

liz    

Doesn't Michael Jackson's estate make money on every single record that Taylor Swift sells ??

1773 days ago
74.

for; while my guitar gently weeps    

66. Doesn't the Michael Jackson Trust own his stake in the ATV/Sony Catalog that also includes the rights to some country music and other artist. This catalog didn't just include the Beatles, it also included a number of newer artist, and also MJ's own music catalog.
Sony/ATV bought the Lieber Stoller in 2007.
Michael formed the trust at some point along the way. Isn't the trust managed by the estate or is it the other way around? I don't know.


Posted at 11:59AM on Sep 14th 2009 by Della

Della; and Susan correct me if I am wrong!

At Michael's Santa Barbara Trial Michael's Attorney valued Sony Catalog at 4 or 5 Billion dollars, Assumed an overestimate.
Sony valued the Catalog a few years ago at over 2 Billion 1 Million Dollars, assumed an underestimation.
Michael owns 1/2 of Sony Catalog, plus Sony manages Michael's music without ownership.
Relating Sony owns 1 Billion dollar value, Michael owns 1 Billion dollar value, plus' 1 Million dollars value' for his own music, and all this was before 2008 or 2009 so value has increased.


This story relates Beatles share of Catalog, question is' is the Trust holding the complete Catalog for Michael's children as should be, no music needs to be sold for Jackson family's wants, to gain.

1773 days ago
75.

Della    

Jeez, Susan lighten up.

I am discussing what Michael holds as far as music. Sony does manage Michael's catalot of music and does not own it.I am aware that the Sony/ATV Catalog and Michael's music are not connected.

I am saying that his estate or the trust hold his share of what he owned.

The article above discusses the Beatles songs. All I said was doesn't his ownership in the Sony/ATV Catalog have other music in it.

While my guitar weeps.. that is what I was trying to say.

1773 days ago
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