Word: neverland
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...dead than alive. The 1,000 hours of video of the final rehearsals of his London show could be worth about $500 million in gross sales of DVDs, CDs and other items. His assets include half ownership of music publisher Sony/ATV, worth $1 billion. His small remaining interest in Neverland could skyrocket in value; so will his personal items when sold. But his staggering debt, perhaps $500 million, reflects a lifetime of indulgence on antiques, houses, helicopters, more than $100 million in annual upkeep on the 2,500-acre (1,000 hectare) Neverland estate and the hosting of an army...
...death as in life, there is never a dull moment when it comes to Michael Jackson. Police in California's Santa Barbara County met on June 30 to discuss how to deal with an expected mad rush of traffic on the narrow hillside road leading to Jackson's Neverland Ranch for a planned memorial service on July 3. Jackson's body will arrive there a day earlier, in a 30-car motorcade from Los Angeles. Meanwhile, the singer's hometown of Gary, Ind., is reportedly seeking to have the body shipped there for another memorial service being planned for July...
...singer's father Joe Jackson denied speculation that Neverland Ranch will be turned into a Graceland-style attraction, with the Gloved One's grave as the central attraction. "That is not true," Joe Jackson told reporters when asked whether his son was to be buried at Neverland, which has been owned by a private-equity firm since Michael defaulted on a loan. Although the family patriarch declined to discuss specifics on the time and place of a funeral, citing the second autopsy as a cause for delay, he hinted at grand, Lady Di-scale plans. "I've never heard...
Meanwhile, the financier whose company owns Neverland is preparing for unprecedented crowds at Friday's memorial. In an open letter to the Santa Barbara community, Thomas Barrack of Colony Capital on June 30 referred to the ranch as "Michael's only true home" and added, "The universal curiosity about Neverland and its connection to Michael is an unchangeable fact."(See TIME's photo-essay "The Young Michael Jackson at Home...
...future of the Neverland property will be addressed in due time through normal process and with appropriate deliberation," he continued in a letter that seemed directed as much to the Jackson family as it was to the residents of Santa Barbara County. "Let us all keep in mind that reputations are earned in decades and lost in moments of haste and bad decisions...