RSS Feed Get Updates

Beatles Songs Still With Jackson

Speculation that the stake the Michael Jackson estate holds in Sony/ATV Publishing might be sold to help pay down the nearly half a billion dollars in debt the reportedly singer left behind appear to be unfounded, according to a story by Bloomberg.  A lucrative portion of that holding includes some 250 Beatles songs Jackson acquired the rights to for close to $50 million in 1985.  Sony/ATV also holds rights to titles from Bob Dylan and Elvis Presley and is estimated to have an overall value in the range of $1.5 - $2 billion, making the amount the Jackson estate stood to receive if it had elected to sell enough to more than cover the remainder of the debt it is believed to hold.  The estate has collected considerable income since the singer's death a year ago, and retaining the Sony/ATV holding may put it in a better position to get approval on an expected bid to refinance a $300 million dollar loan due in 2010.
BusinessWeek.com

MORE BEATLES INSIGHTS   ALL CURRENT STORIES

this story


See all current stories
RockInsights.com
Find out what went down on this date in  1964     1977     1982     1968     1996     1973     1965     1979     2001     1984     1970     1967     1993     1978     2003     1976     1995     1983     1966     2000     1975     1988     1969     1992     1971     1980     1968     1997     1972     1985     1999     1973     1986     1968     1994     1981     2002     1978     1987     1996     1974     2004     1977     1998
Dig Deeper. Visit the ROCKinsights Archives


© 2009 Sound Insights, Inc. Terms of Use