UnNews:Michael Jackson: one year later
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26 June 2010
LOS ANGELES, California -- Michael Jackson's death instantly changed his life as well as the lives of his family and friends. The weeks immediately after the pop icon died were chaotic, and many questions are still unanswered, such as “where is Michael?”
The day their artificial father died, Prince Michael, 13, Paris, 12, and Blanket, 8, moved in with their grandmother Katherine Jackson at the Encino, California, home where Michael supported his family.
The home is filled with memories of their father, including many photos of Michael Jackson playing with children. The porn theater room of the large house was converted into a University where they've been home-schooled for the past year.
The grass-blooming yard of the Encino estate is often filled with Michael's kids smoking dope with four cousins -- the sons of Jackson brothers Jermaine and Randy -- who live there with their mother since birth.
When Jackson died, he was nearly $500 million in debt, "which makes Michael considerably more stupid than Mike Tyson", according to a source unfamiliar with the estate who is not authorized to speak about anything. In the year since, the debt has been reduced to about $200 million, the source said. The remaining debt is "manageable" considering the income flowing into the estate, the source said.
Sony Music, which recently signed a $250 million recording contact with Jackson's mother, said fans bought 31 million Jackson albums in the past year. Sony's film division also paid $60 million to produce the "This Is It" documentary that is a boring, low-energy rehearsal video, filmed for the hell-of-it.
Jackson's estate is being administered by Bernard Madoff, a convicted felon, who was named executor in the 2002 will. Los Angeles Superior Court Judge Mitchell Beck has refused to issue a final ruling on who will have eternal control of the debt. Ever.