Michael Jackson’s image and likeness aren’t worth as much as many would think.
Variety reports that U.S. Tax Court Judge Mark Holmes has evaluated Jackson’s worth at $4.15 million, finding that the King of Pop’s valuation saw a significant drop during his death and has continued to sink ever since.
In the wake of the many sexual abuse allegations and lawsuits that plagued Michael Jackson until his death in 2009, his infamous Neverland Ranch property was renamed Sycamore Valley Ranch by its co-owners, Jackson’s estate and real estate investment trust Colony Capital. However, the tarnished reputation never wore off, allowing billionaire Ron Burkle to snap up the entire property for a mere $22 million USD, reports The Wall Street Journal in accordance with public records and inside sources.
The legendary producer had originally requested $30 million he claimed he was cheated out of since the King of Pop’s death in 2009.
Continue reading Quincy Jones Awarded $9.4 Million in Michael Jackson Royalty Trial
Rihanna’s “Love on the Brain” has finally cracked the top 10 on the Billboard’s Hot 100 chart, moving from the No. 13 slot to the No. 8 this week. It’s a major milestone for the 29-year-old singer, as it not only marks her 30th top 10 hit, but also puts her in an elite group of musicians.
Continue reading Rihanna Now Has More Top 10 Billboard Hits Than Michael Jackson
Forbes has released its list of the highest-paid dead celebrities of 2016, and it features a number of iconic figures who passed this year, including golfing legend Arnold Palmer and Prince.
Continue reading Forbes Releases Highest-Paid Dead Celebrities of 2016 List
Sony/ATV Music’s rivals have aired concerns with European regulators about the publishing giant’s move to acquire the Michael Jackson estate’s portion of the joint venture. EU antitrust officials have a provisional deadline of Aug. 1 to decide whether to let Sony buy out Jackson’s 50 percent stake in the company, which owns the publishing rights of most Beatles songs, as well as music by Taylor Swift, Whitney Houston and others.
Continue reading EU Regulators Near Decision on Sony/ATV’s Jackson Buyout
Michael Jackson was once under investigation for alleged sexual abuse of minors and now new reports allegedly from a search of his home are restarting the controversy all over again. Footage obtained by theDaily Mail allegedly shows the Santa Barbara Sheriff office searching Jackson’s famous Neverland home back in 2003 and finding a stockpile of books and images featuring pornographic material.
Continue reading Michael Jackson’s Family Blasts Media Over Reports of His Alleged Child-Porn Collection