Arango Jackson Earnings Grow

Arango Jackson Earnings Grow - Arango, Jackson Earnings...

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Arango, Jackson Earnings Grow, NYT, Aug. 2009. http://www.nytimes.com/2009/08/13/business/media/13jackson.html?pagewanted=print “Jackson Earnings Grow by Millions After Death.” By Tim Arango It has been 48 days since Michael Jackson died, and while family members of the late pop star are still at war with the executors of his estate, the answer to another question — how much the singer is worth in death — is becoming clear. He has already earned $100 million through a film deal and various merchandising contracts, and the executors expect another $100 million to roll in by the end of the year. “Clearly that’s a new record for estates that likely will not be broken,” said John G. Branca , Mr. Jackson’s longtime lawyer who was named in Mr. Jackson’s will as a co-executor of the estate, along with John McClain , a music executive and Jackson family friend. While several business deals have been reached — for things like commemorative coins, a line of school supplies and a $150 coffee table book — the matter of untangling Mr. Jackson’s vast estate, assets and debt, goes on, as does wrangling with family members. Cash has been collected from former advisers who had held money for Mr. Jackson — several million dollars from one — and the executors have tracked down a collection of Mr. Jackson’s personal memorabilia and other items that were almost auctioned off last April to pay debts. The items, which included artwork and several glittery, white gloves that had been at the singer’s Neverland Ranch, had been stored in several locations around Los Angeles. The model for Mr. Jackson’s posthumous business empire is
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This note was uploaded on 04/23/2010 for the course FINA 8645 taught by Professor Smith during the Spring '10 term at Rensselaer Polytechnic Institute.

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Arango Jackson Earnings Grow - Arango, Jackson Earnings...

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