...That asset would be it's 50% stake in about 250 Beatles songs. Of course Michael Has been gone for a year now but his estate continues on with a massive debt to pay off and almost considered selling the songs to Sony for $500 mil. Cooler heads prevailed however since the songs generate a huge amount of money each year and will continue to do so in the years to come. The subject of the Beatles songs being owned buy someone else other than the Beatles has always been an interesting subject for me. The question for me has always been why on Earth didn't the band members buy the songs? The fact is that the Beatles actually never really owned any of their music in their catalog because it was all owned by the people who signed the Beatles to their record contracts. The Fab Four weren't very smart in that aspect of the business and a lot of bands weren't back then. However at one point the music catalog was offered up to Paul McCartney for the sum of about $30 million dollars but he wasn't comfortable being the only one to own the songs. So he called up Yoko Ono and asked if she would like to split the $30 mil and share the songs with him, but a deal could not be reached between the two. That is when Mr. Jackson stepped in and paid a whopping $50 million for the songs. I still don't completely understand why Paul just didn't buy them himself, at least one of the Beatles would have owned them.
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