5 July 2009 5:35 PM, PDT | The Wrap | See recent The Wrap news »
“There is a real opportunity to restructure (his debt) so they can keep all those assets.”
More than a week after the sudden death of Michael Jackson, a clearer picture has emerged of the singer’s complicated and notoriously debt-ridden financial status.
Here’s what we know: Jackson’s death has already vastly improved his financial prospects, or rather, those of his children.
And the tangled financial mess in which he’d been mired will be sorted through by lawyers over the next months and, more likely, years. Sony/Atv will emerge as a big winner, as will Aeg Live.
The frenzy of media coverage ... »
- Sharon Waxman
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