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Jackson to lose Beatles catalogue?

Michael Jackson is facing the prospect of losing the back catalogue of The Beatles that he controls.

The singer won the rights after outbidding Paul McCartney in 1985 but due to reported massive debts, his ownership looks likely to be ended by May 31st next year.

This comes after he sold some of his ownership to Sony last year and more reports say that he may have to pay £129million for expenses the company has incurred since taking over the share.

www.thebeatles.com