Jackson’s Estate Earned $310M Since Death
LOS ANGELES (AP) — Court documents show Michael Jackson’s estate has earned more than $310 million since the singer’s death, but is still dealing with a series of lawsuits and financial disputes.
According to a filing in the singer’s probate case, Jackson died with more than $400 million in debt.
The filing reported the income, and more than $159 million in spending, for the period between Jackson’s death in June 2009 and December 2010.
The estate’s filing states it is negotiating settlements for several lawsuits, including disputes over Jackson’s “Thriller” album.
Estate administrators have restructured much of Jackson’s debt and negotiated deals for video games, new albums and a movie using rehearsal footage from Jackson’s last concert.
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