Quote:
Originally Posted by NHL009
You made a good post, but it's the total opposite.
I think Mj SUCKED after 1993. He was done, but his albums had that appeal. You could play a song from the 80's and people love it.
His songs pretty much will stand the rest of time.
How can he have over 30 out of the top 50 songs after he dies? 400 Million debt cleared in less than 2 months.
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Look at what happened to the Beatles Album Sales after John Lennon died. There was even a peak when George Harrison died. I would expect that the Beatles total album sales will probably double when Paul McCartney dies.
Its great that you can know songs from the 80's. Remember that Jackson had massive exposure due to the MTV generation that wasn't available to the Beatles who gained their popularity through Radio in a age when there was a strong anti rock and roll revolution in the beginning.
While Jackson had a massive video based machine pushing his stuff, the Beatles needed one appearance on the Ed Sullivan show to become the biggest band on the planet.
The Beatles sold their albums and concert tickets based on their musical ability, Michael Jackson rose to prominence with multi million dollar music videos that were more about his dance steps then his music.
On the debt front its unlikely that his debt will be cleared up that quickly as there are more bills to come on top of his current 500 million dollar debts. While Sony will certainly re-release albums or create a zillion greatest hits packages most of that money will go directly to Sony and a much smaller percentage to the Jackson Estate.
The other massive venture would be to turn Neverland Ranch into a sort of Grace Land, however the Jackson Estate no longer owns it, it was signed over to Colony Capital.
There will also be a massive fight over any of the remaining trusts and cash that were supposedly set aside for the children. On top of that the IRS is going to go after any tax issues that are not part of his current debt and they are also going to asses estate taxes.
At the end of the day, while there will probably be a lot of Michael Jackson merchandise, videos and records, probably very little of it will go towards servicing his debt, on top of that the only thing that he still owned of value which was his library of copyrighted songs are 50% owned by Sony and they will probably move to secure the other half for less then Jackson's debt load.