Dead or alive, King of Pop still rakes in the dough

LOS ANGELES - Michael Jackson's estate has generated $310 million in revenue from album sales, a film, merchandising and other products since the Thriller singer died in 2009, according to court papers filed on Thursday.

His estate's administrators have used $159 million to pay down the pop star's debt, which when Jackson died amounted to more than $400 million, court records show.

"Although there remain unresolved creditor claims, pending litigation and additional challenging business, tax and legal issues, and the estate is not yet in a condition to be closed, the executors have made substantial progress in reducing the estate's debt," the documents state.