There’s a lot of money to be made in selling the rights, but we guess there is more to be made by keeping them. Let’s get real – that’s what it will always boil down to: money!
Sources close to the executors of Michael Jackson’s estate reveal that they intend to keep their 50 percent stake in Sony/ATV Music Publishing LLC, which holds the rights to more than 250 songs by the Beatles.
The holding is considered the most valuable asset in the Jackson estate and since his death last year, people assumed the share would be sold off to deal with the $500 million of debt Michael left behind. But the executors are hanging on to the share and instead are looking into refinancing a $300 million loan due later this year to cover MJ’s debt.
The share certainly has a lot of long term value. Business wise, we think this was a smart move. Besides, you guys have been able to cover more than half of the debt just with rereleases of his music and that documentary anyway. Just keep hocking crap to the masses. That should take care of everything!
[Image via WENN.]
-
Categories
