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We don't know a lot about the medical facts the LA coroner is laying this -- in on what his investigation has found thus far.
Those are live pictures that you see there the crowd outside the coroner's office obviously see all the microphones from the media looks like it's mostly media out there waiting for.
The statement from the coroner's office on more details about Michael Jackson as a dad.
We are however finding out more about his financial issues.
And the debate has barely just begun over what to do about -- as state.
Michael Levine was Michael Jackson's publicist and he joins us now by the phone we're also joined here in the bar by Douglas burns.
A former federal prosecutor Michael Levine -- let's start with few.
First of all you're Michael Jackson's publicist.
-- when was the last time that you talk to him and how familiar are you with these reports that it was in fact a drug related his death.
All right I have had no contact with Michael for years.
But you know I'm watching this thing is report.
That everybody else think.
Humbled -- hear anything that tragic nature.
You know I represented Michael during the verbal beating incident back in 1983.
They think that that big fifty.
-- first two rounds and what he came to be very tragic.
Epic journey for Michael Jackson from becoming the greatest.
Unbeatable start this time to do credit Shakespearean tragic figure not unlike his hero -- Douglas mr.
-- -- production -- -- sort of looking for here -- to hear what it what are we going to learn new developments that might actually lead us sit down and investigate.
That an investigation at some point are out there are just sort of a formality.
That's very possible -- -- gonna do a coroner's inquest they're gonna announce the cause of his death then we're gonna probably way.
Subject to some technicalities about the family agreed to release -- learn about the toxicology.
What with a substances that are in his system that caused him not to die and then of course are gonna move forward it to two other legal issues -- the custody of his children obviously.
And then two his estate.
And the last on this day break down into his current state now at the time of his death and -- -- -- moving forward this is -- -- be like Elvis -- is gonna become a huge business.
Michael Levine did you know if Michael Jackson did he leave a will only did he speculate you know -- here -- stay in that will.
What was to be dealt with his children.
And with that -- that's.
I don't know that but I thought your other -- made -- very astute point in this regard.
Right this very moment we error at the water's edge.
There are hundreds of millions of dollars at -- if we look at what happened to help is currently when he died August.
-- -- that we have died but five million dollars.
The -- there.
And so what can happen -- financially yeah it is.
And it almost done they'll -- the Internet.
-- -- it it's a huge.
Let's talk a little bit more about that something that you did for example let's get some background guy -- as most people have reported -- at one point -- -- The Beatles catalog it's actually been watered down about 25 right -- right that's still valued at several hundred millions if not see more than a billion -- that's what are the other assets besides that.
But he's going to be able to tap into their -- record -- is that what.
We're looking to have -- again to reason and broken -- two things -- you have his current assets the 25%.
Believe it is -- ownership of The Beatles catalog.
But other catalysts and yes and other and other music catalogs but think of the future working off of Michael's point.
Let's say for example you took neverland and you made that into the functional equivalent of Graceland star in Memphis do you realize the kind of income that you could generate arguing that -- -- reverse -- -- vote.
Assets and his state just in 2005.
The -- differently -- -- -- -- his company public right and this is actually with a look at are we gonna see -- -- Nixon publicly traded how this could be huge and another thing as Michael was saying elvis' record sales went way up in the six months after his death.
I think he sold more records that may not have this exactly right that something like.
The decade before -- -- -- something about that Michael Jackson's work right now.
-- -- iiroc on Amazon on.
I'm the only day on the the Amazon the top fifteen selling albums while Michael Jackson -- so indeed your correct already and yeah happening -- up and he Neverland Ranch it's owned by private equity come yes it is because they've basically what Tom Barrett.
Yes they've heat he bought what it was in in default black all of -- the exact words from the bay but still Michael Jackson's family now the kids -- let -- any but now.
-- ironically it could come into this huge bank another point that's really fascinating is.
You know with all due respect to defend me -- on our sympathies but I'm talking legal shop talk.
Is that without Michael on the scene to spend.
The way out of proportion to the income.
This ship is essentially going to be right -- it through this.
Forward looking estate principal Michael my point but what about the neverland do you have any idea what the plans are for neverland and I -- another.
My sense I know they -- -- -- up.
I don't know what plans are but I am also not.
You know -- not normally come on chosen in the we have the -- other tests -- this Arabic gifted and brilliant.
-- -- showed her in terms.
These future -- I think he's got it exactly right.
Fifty speed that disproportionate.
Will be way way out.
A little bit of both your -- on that I mean there label business has been a just completely destroyed in the last five to ten years right nobody's making music and business except for Ticketmaster and it's a monopoly.
Illegally need to be destroyed and not allowed to murdered would you like me aren't I can't talk what are we going in a lot of money coming guys but just spending too much but I thought what looked at -- -- make growth we've gotten to industry itself -- -- But just working backwards quickly before -- answer that under keep it simple -- -- in something like 300 million from one block have to get what what's your record sales 400 million.
I mean you know he didn't need to spend sandman I don't know about fifteen million -- yeah I mean and I could have easily lived on half of that figure.
And he would have tens of millions in the bank to let me.
We are young guys is vision 2012 how.
-- the music industry all of a -- -- -- Records.
No well I'll repay the other guests who say that he's an expert in that not a lot of Michael talked to -- like a bad.
Outlook -- I absolutely if you look at the music industry today.
You look at -- not traditionally come sources populist.
Will make more money this year.
I'm -- tells her and I don't have any amendment.
-- -- -- That he did with with record sales.
That's a remarkable.
-- If you think about it so they were.
And Hillary comes streams music artists but you don't think of merchandise T shirt hat -- games at all it's.
So this is an extraordinarily.
-- actually lucrative brand that has.
Remember absolutely -- Michael I wanted to ask you as well since you -- Michael Jackson's publicist varying the very to multiple years when he was accused of child molestation.
And so forth that you know when we -- my FaceBook fans words everybody's in shock over this news they're not really sure how to square.
Feeling bad for him for this pop icon that everyone -- up -- -- Who also holes settled.
Civil complaint over child molestation charges people are kind of conflicted out there what would you say about that.
I think you're exactly right I think.
People are very conflicting.
Which may suggest that did make it that makes an infinitely more interest thing.
Then if people weren't conflicting you know the opposite -- look not be the opposite -- -- that that.
And it's -- very interesting don't you think about conflict feeling regarding Michael's chest.
It I don't get me -- -- requested I'm a lawyer so I argue everything both ways on the one argument was look.
He missed out on his childhood.
He never had a child that he had to perform and it would wistfully look at the wind our kids playing baseball Lafayette to go rehearse so he recreated his childhood with this -- that's one lawyer's argument.
-- -- -- -- -- -- He created this amusement park -- he could have young children around him so that he could be engaged in improper behavior.
I'm in the metal I'm not really sure.
I got -- throughout the united way guys that I actually help well don't make a little bit of money -- they've had record sales YouTube dot com slash money souls watch our new music video to cover up above.
The last -- -- accurate this particular will be exceedingly touched by that.
Thank you so much Michael -- -- I thought well.
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