Michael Jackson Rumoured to be Selling Off Beatles Catalogue

Published: 2005-04-19
After owning a percentage of The Beatles' catalogue since the mid 1980s, Michael Jackson may be forced to sell off his share of the publishing rights.

Strong rumours suggest Jackson's handlers have been urging him to sell off his share to pay off his massive legal fees and bank debts. Jackson is currently facing his second accusation of child molestation. The first incident, dating from 1993, never made it to trial and was settled out of court with Jackson paying a rumoured $20 million to the young accuser and his family.

The Beatles catalogue, which brings in millions of dollars in licensing and royalty payments, has long been the golden goose of Jackson's fortune. Jackson's recording career has been in decline for years, and he has not been a major concert draw in North America for over a decade. He remains popular in Asia, where he is a top attraction.

In the mid 1980s, Paul McCartney and Jackson struck up a relationship, even performing on each other's albums. The two fell out when McCartney, who had earlier advised Jackson on the benefits of published music ownership, was outbid by Jackson for part of The Beatles catalogue.

The catalogue is jointly owned by Jackson and Sony music.

Writer: Trent McMartin



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MJ is still a major concert draw all over the world beyond Asia. Michael continues to have tons of fans in Europe, Africa, the Middle East,and Latin and South America who would easily pay to see him. MJ has not even TRIED to tour here in the USA since 1988, and would likely do very well on tour here, as well because Americans are starving to see him do what he does best....perform!!
Posted by: Anonymous on April 20, 2005
Mj is the King of POp, people would fight for seeing his concert. Actually i think if MJ wants to tour the world ( including North America) right now, he would be the No.1 money-earner.
Posted by: Anonymous on April 23, 2005
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