That $400M debt

But who knows....

http://www.bloomberg...&sid=aepaK43omDjk

Jackson, who died June 25 at age 50 in Los Angeles, owned 50 percent of Sony/ATV, which holds rights to more than 200 songs written by John Lennon and Paul McCartney, as well Bob Dylan, Neil Diamond and others. His stake is worth about $1 billion, said Ivan Thornton, a private-wealth adviser who has worked with Jackson and his family.

Sony/ATV will continue to hold the Lennon and McCartney catalog, said the person, who asked not to be named because the matter isnÂt public. The U.K.Âs Daily Mirror reported in January that Jackson planned to leave the Beatles rights to McCartney in his will to heal a rift between the musicians. Jackson paid $47.5 million in 1985 to buy the ATV catalog, outbidding McCartney and LennonÂs widow, Yoko Ono.

[...]

In 1995, Jackson merged the ATV collection with Sony Corp.- owned recordings to create Sony/ATV, said Jimmy Asci, a Sony/ATV spokesman. In 2006, Jackson gave Sony an option to buy half of his 50 percent stake in Sony/ATV, allowing the singer to refinance $300 million of loans.

Lots of speculation, there, it seems to me.

Cheers,
Scott.
(Who hasn't kept up with Jackson's finances much and doesn't intend to start now.)

Post #310,280 by mhuber 6/29/09 5:57:23 PM Reply	That $400M debt seems to me an apt vengeance. Almost certainly owed mainly to the kind of exploitative creeps who deserve to be left with a big pile of bad paper.
Post #310,282 by boxley 6/29/09 6:55:00 PM Reply	secured by the beatle songs he owns, they wont get hurt
Post #310,283 by Another Scott 6/29/09 7:44:02 PM Reply	I thought Sony took most of that off his hands... But who knows.... http://www.bloomberg...&sid=aepaK43omDjk Jackson, who died June 25 at age 50 in Los Angeles, owned 50 percent of Sony/ATV, which holds rights to more than 200 songs written by John Lennon and Paul McCartney, as well Bob Dylan, Neil Diamond and others. His stake is worth about $1 billion, said Ivan Thornton, a private-wealth adviser who has worked with Jackson and his family. Sony/ATV will continue to hold the Lennon and McCartney catalog, said the person, who asked not to be named because the matter isnÂt public. The U.K.Âs Daily Mirror reported in January that Jackson planned to leave the Beatles rights to McCartney in his will to heal a rift between the musicians. Jackson paid $47.5 million in 1985 to buy the ATV catalog, outbidding McCartney and LennonÂs widow, Yoko Ono. [...] In 1995, Jackson merged the ATV collection with Sony Corp.- owned recordings to create Sony/ATV, said Jimmy Asci, a Sony/ATV spokesman. In 2006, Jackson gave Sony an option to buy half of his 50 percent stake in Sony/ATV, allowing the singer to refinance $300 million of loans. Lots of speculation, there, it seems to me. Cheers, Scott. (Who hasn't kept up with Jackson's finances much and doesn't intend to start now.)

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