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Quote from: "imred"He was in dept, they have been reporting that sense 2006. But not as much as the media claimedWho are they ? In this area nobody can know for sure without acces to all the financials.If he faked his death why can't we believe he faked his financials too? It's way much more easy to invent some debts.But the way the article is written leaves the impression that Michael faked his death to escape debts or to make enough money to cover them and to restore his image too.
He was in dept, they have been reporting that sense 2006. But not as much as the media claimed
QuoteExecutors have also shelled out cash to "pay last illness and funeral and memorial service expenses."That is that of the " last illness" :?:
Executors have also shelled out cash to "pay last illness and funeral and memorial service expenses."
Article changed:QuoteMJ Estate Made $310 MILLION Since Michael Died46 minutes ago by TMZ Staff Another alike article with some interesting detailsMichael Jackson's estate has generated $310 million ($NZ408 million) in revenue from album sales, a film, merchandising and other products since the Thriller singer died in 2009, according to court papers filed on Thursday. His estate's administrators have used $159 million ($NZ209 million) to pay down the pop star's debt, which when Jackson died amounted to more than $400 million ($NZ526 million), court records show. "Although there remain unresolved creditor claims, pending litigation and additional challenging business, tax and legal issues, and the estate is not yet in a condition to be closed, the executors have made substantial progress in reducing the estate's debt," the documents state. The records, which were made public as part of the estate's probate proceedings, are the most detailed accounting yet of the finances of Jackson's estate from his death until December 31, 2010. Beneficiaries of the estate are Jackson's children, his mother and various charities. Attorney John Branca and music executive John McClain were named administrators in a will the Thriller singer signed before he died in June 2009 from an overdose of drugs, most prominently the anesthetic propofol. The singer's physician at the time, Dr. Conrad Murray, has been charged with involuntary manslaughter in the death and has pleaded not guilty. Jackson's 1982 release Thriller remains the best selling album of all time. Industry players think his estate can generate cash for years to come, just as dead stars like Jimi Hendrix, John Lennon and Elvis Presley continue to rake in millions. Among the projects making money for Jackson's estate are the new album Michael, which contains previously unreleased songs, and the concert movie This Is It, which compiled videotaped rehearsals for a series of comeback concerts in London. Various merchandising and licensing deals have also swelled the coffers. Jackson's recordings are released by Epic Records, a unit of Sony Corp. Noteworthy costs included a $900,000 ($NZ1,184,000) payment to Forest Lawn Memorial cemetery where Jackson's body is interred, and $35,000 ($NZ46,000) in expenses listed as "costume for memorial."Administrators paid $27.2 million ($NZ35.8 million) in taxes, as well as $5.3 million ($NZ7 million) for Jackson family members and properties he owned. They made $4 million ($NZ5.3 million) in mortgage payments on his properties. You are not allowed to view links. Register or Login
MJ Estate Made $310 MILLION Since Michael Died46 minutes ago by TMZ Staff Another alike article with some interesting detailsMichael Jackson's estate has generated $310 million ($NZ408 million) in revenue from album sales, a film, merchandising and other products since the Thriller singer died in 2009, according to court papers filed on Thursday. His estate's administrators have used $159 million ($NZ209 million) to pay down the pop star's debt, which when Jackson died amounted to more than $400 million ($NZ526 million), court records show. "Although there remain unresolved creditor claims, pending litigation and additional challenging business, tax and legal issues, and the estate is not yet in a condition to be closed, the executors have made substantial progress in reducing the estate's debt," the documents state. The records, which were made public as part of the estate's probate proceedings, are the most detailed accounting yet of the finances of Jackson's estate from his death until December 31, 2010. Beneficiaries of the estate are Jackson's children, his mother and various charities. Attorney John Branca and music executive John McClain were named administrators in a will the Thriller singer signed before he died in June 2009 from an overdose of drugs, most prominently the anesthetic propofol. The singer's physician at the time, Dr. Conrad Murray, has been charged with involuntary manslaughter in the death and has pleaded not guilty. Jackson's 1982 release Thriller remains the best selling album of all time. Industry players think his estate can generate cash for years to come, just as dead stars like Jimi Hendrix, John Lennon and Elvis Presley continue to rake in millions. Among the projects making money for Jackson's estate are the new album Michael, which contains previously unreleased songs, and the concert movie This Is It, which compiled videotaped rehearsals for a series of comeback concerts in London. Various merchandising and licensing deals have also swelled the coffers. Jackson's recordings are released by Epic Records, a unit of Sony Corp. Noteworthy costs included a $900,000 ($NZ1,184,000) payment to Forest Lawn Memorial cemetery where Jackson's body is interred, and $35,000 ($NZ46,000) in expenses listed as "costume for memorial."Administrators paid $27.2 million ($NZ35.8 million) in taxes, as well as $5.3 million ($NZ7 million) for Jackson family members and properties he owned. They made $4 million ($NZ5.3 million) in mortgage payments on his properties. You are not allowed to view links. Register or Login
How can you run an empire and have that much in debts? I don't get it. Still i think that $310+ million is no where near the real number.
