Posted on 06/26/2009 4:01:51 PM PDT by NormsRevenge
LOS ANGELES – Michael Jackson spent the last years of his life buried in debt. But the King of Pop's death is likely to yield a financial bonanza more lucrative than any comeback tour ever could, as fans snap up his music and memorabilia ...
"Quite frankly, he may be worth more dead than alive," said Jerry Reisman, general counsel for the Hit Factory, a recording studio where Jackson produced his best-selling album "Thriller."
Jackson's death at age 50 leaves a multitude of questions about a financial empire that included his own music, as well a 50 percent stake in a library that held the rights to songs by the Beatles. But Jackson reportedly had $400 million in debts, ...
This much is clear: Jackson's heirs, music labels and opportunists will probably be mining his legacy for decades to come.
(Excerpt) Read more at news.yahoo.com ...
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