Beatles Bail Out Jackson?
CBS reports that Michael Jackson might use The Beatles — or, rather, his share of Sony publishing, which owns more than 200 of the Fab Four’s songs — to pull him out of debt.
The Wall Street Journal phrases Jackson’s potential loss of half of his 50 percent share in the song collection as a likely disappointment for the debt-laden King of Pop. The “lucrative” share is “his most prized asset,” the Journal reported Thursday.
Jackson is reported to have refinanced loan agreements to the tune of $270 million with a New York-based investment group.
