Less than 24 hours after the death of Michael Jackson and there is already discussion as to how the family of King of Pop will pay off what appears to be the astronomical debt he left behind – some reports put the total over $400 million and that’s before the claim AEG Live will surely take against his estate now that the London 50-date comeback will not happen.
Among the possibilities is the release of a 100-song secret library Jackson originally made for his children. News of these recordings surfaced when biographer Ian Halperin wrote the following in his new book, Unmasked, The Michael Jackson Story: I was astonished by the number of songs which have been held back. I was told that he will not let them come out now but wants to leave them for his kids, a very personal legacy to them.
However, according to a report in today’s Times, given the perilous financial situation of his estate, it is now very unlikely this cataloge will remain in the possesion of his family.