Despite reports that beleaguered pop star Michael Jackson may attempt to securitize his song catalog in a "Bowie Bond" like offering in last week's New York Daily News, sources see the culmination of such an offering unlikely. Citing an over-leveraging of the catalog, as well as the lengthy process to complete such an offering, both a rating and a buyer would be difficult to obtain.

The report cited Jackson's involvement with music mogul Charles Koppelman, the former EMI chief who later co-founded CAK Entertainment, formerly affiliated with UCC Capital. The report added that Koppelman, who denied in the report that Jackson's future royalties were being sold in any way, was integral in the 1997 Bowie Bond securitization.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.