AEG, the promoters of Michael Jackson''s planned 50 date residency at London's O2 Arena, prepared themselves for anything, including MJ's death.

The company took out a hefty insurance policy that would somewhat cover the expenses should MJ's death be an overdose. However, strangely enough, AEG's chief executive, Randy Phillips, said the $17.5 million policy DID NOT cover a death from natural causes.

However, even with the policy in place, the company will still be in about $25-$30 million in debt due to Michael's sudden death.

[Image via WENN.]

Sources are revealing the exact division of Michael Jackson's assets, according to his will.

As it stands, his mother, Katherine Jackson, will get 40% of his assets.

His three children will also get 40%.

The remaining 20% will be divided up for several children's charities.

No specific charities were specified in the document, so the California state Attorney General, who is in charge and regulates the state's charitable foundations, has filed legal papers, most likely to ensure that the allotted funds actually go to charity.

Still no word as to who has been bequeathed the 50% share holdings at Sony/ATV music publishing catalogue, which controls many of the songs from the Beatles.

[Image via WENN.]

Oh, it is a happy day for anyone who calls themselves a Twilight fan. You'll want to throw on your Team Edward shirt for this one kids because we have some deets on Breaking Dawn film, the final installment of the Twilight Saga.

Well, actually only one deet, but it is an important one.

Twilight cast member Ashley Greene revealed in a recent interview that she would be preparing for the fourth and final film immediately after the shoot for Eclipse, the third film.

"We're going to start right after Eclipse," she says.

Yay! Someone wised up!

There was concern that though the second and third film were slated to film back-to-back, ensuring to market on the ravenous success of the franchise as well as keep the "ageless" vampires looking as such, no plans had been made for the fourth and most extravagant novel. But now we can all breathe a little easier!

Okay, so if we do our Twilight math right, if New Moon comes out November 2009, and Eclipse is slated for summer 2010, then we might just get Breaking Dawn by the beginning of 2011 or that summer!

Hurry up!

Tell Rob Pattinson to stop slumming it in New York and get his sparkle back on!

[Image via WENN.]

While his tour was sure to be an event to remember, Michael Jackson had planned a special treat for his kids during his comeback shows: a chance to perform.

A source reveals that Michael was planning on inviting his eldest son, Prince, up on stage in London to perform a duet with him. Michael's former publicist, Stuart Backerman, explains:

"He was planning on doing a short duet with his son, Prince. He knew his kids would enjoy it…He wanted his kids to see him perform at least once to get the vibe of the Michael Jackson mania."

That would have been such a treat to see, considering we've seen so little of his kids in public. If Prince and his siblings can sing, then Michael will definitely live on in them.

But if they do decide to form the Jackson 3, keep them away from Joe Jackson, please!

[Image via WENN.]

Sorry folks. It seems the original Wino fooled us all into thinking there was a chance. Unfortunately, word from the man behind the camera, director Michael Lehmann, is that no sequel for Heathers is in the works at all!

Though Winona Ryder swore to God that the sequel was happening, Michael reveals he has spoken to writer Dan Waters, who admitted he knew nothing about a sequel.

Michael explains: "I know there’s no script and no plans to do the sequel."

Damn! Well, why not we ask?

Michael answers:

"It’s funny to me. I love Heathers and I loved doing that movie. I’m very proud of it, so if it gets brought up, I’m happy. Generally, though, I don’t like sequels at all. If the movie’s good the first time, why bother? With something like The Matrix, for example, it feels like a trilogy, or with a comic-book movie, those movies were based on something that was created in a serial format. So a movie as specific as Heathers, which took place in a specific time and specific place and in which many of the characters got killed off, I never thought it made sense to see a sequel."

Or maybe you're just too damn lazy to use that seemingly creative brain of yours to think up a way to do a sequel. If Winona can whip up some ideas, it shouldn't be too hard!

What do y'all think? Should a sequel happen?

It's looking more and more like his death definitely was an overdose!

They found the hadcore drugs there!

Reports are coming in explaining/confirming what kinds of drugs were in Michael Jackson's home prior to his sudden death.

An official from the police department confirmed that one such drug was Diprovan.

Diprovan is "an intravenous anesthetic drug widely used in operating rooms to induce unconsciousness."

Michael requested this drug because he had trouble sleeping. But the drug is not meant to to be used outside the hospital, nor is it an adequate aid for an insomniac.

It seems to be the common consensus that it was this drug mixed with a large amount of painkillers that resulted in the pop legends demise.

However, we'll wait until the final verdict in several weeks to know for sure. Doesn't look too promising, though.

[Image via WENN.]

Click here for your chance to get tickets.

This would not be surprising!

Us Weekly is reporting that just days before his tragic death, Michael Jackson had a cancerous lesion removed from his nose. The procedure to remove the skin cancer from his face apparently did not faze the pop icon.

In fact, the source claims that gave him the kind of high he seeked, literally: "Last week, I had two real sources call me and say he's getting surgery right now for removal of skin cancer off his nose. This is not a man who suffers pain well. He likes painkillers. So he got some from here, he got some from there — who knows how much."

The painkillers were not the only drug Michael demanded. After spending years on a irregular sleep regiment, including staying up all night and sleeping until 3 or 4 in the afternoon, MJ was placed on a more structured schedule due to the rehearsals for his London shows. The change, sources suggest, "totally screwed up his system."

Michael proclaimed he was suffering from insomnia and went after a drug called Diprivan to induce sleep.

Could this have be the drug cocktail that ultimately did the King of Pop in?

No one will know for sure until the toxicology report becomes available in a few weeks, but we're sure dozens more theories will arise until then.

This is the kind of thing that makes Johnny Depp not only an exceptional actor but also a super awesome dude!

While in the UK promoting his newest flick, Public Enemies, Johnny gave a few very sick kids the thrill of a lifetime. He went to visit them at the Great Ormond Street Hospital dressed as his Pirates Of The Caribbean character Captain Jack Sparrow!!!

Amazeballs!

Johnny visited several wards, including the one his daughter was admitted to when she was treated for kidney failure in 2007, and graciously posed for pictures with all his young fans.

A source recalls: "Johnny was so friendly with all the children in the ward and they absolutely loved his pirate outfit. He spoke to lots of the youngsters and staff - and made their day by posing for pictures with them all."

He's done this kind of thing before. And for him to do it again, that just makes Depp first-rate class act in our book.

Bravo, Johnny!

[Image via WENN.]