Wednesday, June 23, 2010

Michael Jackson's estate to keep stake rights in Beetles song.

Executors of Michael Jackson’s estate have decided to keep a 50 percent stake in a music publishing venture with rights to more than 250 songs by the Beatles, two people with knowledge of the situation said.

Since Jackson’s death a year ago, the executors had considered selling the stake in Sony/ATV Music Publishing LLC, the estate’s most valuable asset, to address about $500 million of debt the late pop singer left, according to the people, who declined to be identified because deliberations aren’t public. for further in formation, contact your local Estate Attorney or your local California Estate Attorney.

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