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  #2661  
Old 11-07-2009, 03:14 AM
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Originally Posted by dory View Post
sorry guys i know i promised you charts etc but iv had a week off and afetr working 3 jobs for 7 weeks iv needed sleep. i will try when i come back from london on sunday.
dory , no rush take your time !!!

me too, I am so behind everything...much info is coming in

and did you noticed thea article I posted yesterday (p. 267 post 2658) - Neverland and Colony Capital is mentoned too...I was wondering a quarter was sold to them...how they know that? I thought nobody (the neswpapers) knows the exact deal !! It was alsways reported in a vague way.
again, take your time....

to DD , saw your post on the facts thread... the list of all the items, I hope they found something, some evidence...Murray and whoever else is involved too had enough time to make everything disappear...and that certain things could have been placed here and there to be found - of purpose. Maybe.

Last edited by LaMer; 11-07-2009 at 12:30 PM.
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  #2662  
Old 11-07-2009, 03:33 AM
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This is a really long article - but I think a really good one, because it relates to Al Malnik, Burkle, Branca, Koppelman, sony catalog. It is in 2 posts, because it is so long.

http://online.wsj.com/article_email/...HuGca2Fm4.html

PAGE ONE
Business Thriller
Michael Jackson's Other Battle:
Staving Off Financial Disaster

Lavish Expenses, Legal Bills
Could Force Asset Sale;
Lots of Conflicting Advice

Jesse Jackson Makes a Pitch

By ETHAN SMITH and KATE KELLY
Staff Reporters of THE WALL STREET JOURNAL
June 8, 2005; Page A1



In the glare of a Santa Maria, Calif., courtroom, pop singer Michael Jackson has been fending off criminal charges of child ******ation that threaten his career and his freedom. Behind the scenes, the 46-year-old entertainer is embroiled in an equally critical battle over the future of his financial assets.

Mr. Jackson's other crisis is centered on a seemingly simple question. To escape at least $270 million in debt amassed in support of his unusual lifestyle, should Mr. Jackson sell his stake in a coveted music-publishing catalog?

The answer has not come easily. Mr. Jackson is surrounded by an ever-changing cast of characters, making it difficult to determine who, if anyone, is in charge of his business affairs. One camp has urged Mr. Jackson to sell some of his holding to avert financial disaster. Another group -- which includes supermarket billionaire Ron Burkle -- says such drastic action is unnecessary. More recently, the Rev. Jesse Jackson has emerged as an outspoken advocate for the singer and has personally interceded on his behalf with bank officials.
Meanwhile, according to a person close to the singer, Mr. Jackson's cash reserves ran so low earlier this year that he worried about paying his electric bill.

After two months of backstage maneuvering, Mr. Jackson is, as usual, in an odd spot. The financial fate of the former King of Pop now rests in the hands of a New York-based investment firm that invests in distressed debt. Last month, Fortress Investment Group LLC bought Mr. Jackson's loans outstanding from their holder, Bank of America Corp.

In a written statement, Jackson spokeswoman Raymone K. Bain said the agreement with Fortress "will provide greater financial strength and flexibility for Mr. Jackson."

The story of how Mr. Jackson was pushed to the brink of financial disaster is another strange turn for a performer whose 40 years in the public spotlight are filled with many such moments. After a series of high-profile incidents -- from settling a previous allegation of sexual abuse to being pictured dangling his infant son from a hotel balcony -- the singer finally wore out his welcome with the public. As his popularity plunged, Mr. Jackson used loans to compensate for declining income from record sales and concert tours.

The singer shells out more than $1.5 million a month in overhead costs, according to a person familiar with his finances. At the Neverland ranch in California -- named for the fantasy world in J. M. Barrie's "Peter Pan" -- Mr. Jackson spends thousands of dollars to maintain his menagerie of zoo animals, according to documents filed in a lawsuit unrelated to the criminal case and the current financial mess.

Mr. Jackson's financial affairs tumbled into disarray in early April when Bank of America notified him that he was in default on part of the loans. The notice set off a furious debate over his most valuable asset: a 50% stake in Sony/ATV Music Publishing LLC, an entity that owns and administers copyrights to thousands of songs, including the words and music to 251 Beatles tunes. The catalog, which Mr. Jackson co-owns with Sony Corp., was pledged as collateral for some of the loan portfolio.


Even in the depressed music industry, catalogs are prized for the steady revenue they generate from public performances and other licensing fees. Sony/ATV is particularly valuable because it controls famous Beatles compositions such as "Yesterday" and "Hey Jude" and is valued by people who have recently looked at the company at more than $1 billion. Mr. Jackson could resolve his debt crisis by shedding all or part of his stake.

This spring, that's exactly what some of his closest advisers were urging. The group included longtime associates such as entertainment attorney John G. Branca, veteran music-industry executive Charles A. Koppelman and Miami attorney Alvin I. Malnik. A long list of buyers has expressed interest in the business, according to several people involved with the matter. Sony itself has had its eye on Mr. Jackson's stake for years and ex-Beatle Paul McCartney has closely followed the company's history, according to a person close to him.

Even after the sale to Fortress, which forestalled a bigger financial crisis, these advisers continued to urge the singer to sell. They are worried about an estimated $10 million legal tab in the criminal case and a possible bankruptcy filing.

To his advisers, Mr. Jackson has expressed an emotional tie to the Sony/ATV asset -- he bought it partly out of love for the Beatles -- and has resisted that advice. Instead, he turned to a longtime friend, Mr. Burkle. As managing partner of closely held Yucaipa Cos. LLC, a private investment firm, Mr. Burkle has little music-industry experience.

According to Jesse Jackson, who has allied himself with Mr. Burkle, the billionaire adviser agreed to analyze the situation. Mr. Burkle has told the singer the debt crunch could be resolved in a way that would avoid a sale, according to a person close to Mr. Burkle.

Unknown is the current inclination of Mr. Jackson himself, who seems ill-prepared these days to make the call. In the past week, he has checked into a hospital twice and barricaded himself inside his ranch. There he awaits a verdict in the criminal case.

The son of a steel-mill worker from Gary, Ind., Michael Jackson became a quasi-professional pop singer at the age of 4 thanks to the efforts of his father, Joe. Teamed with four elder brothers in the Jackson 5, little Michael quickly became the star with his good looks, dance moves and preternaturally assured vocals. The group topped the charts with hits such as "ABC."

Mr. Jackson went solo in 1979 and quickly became one of the biggest pop stars in the world. His album "Thriller" spawned giant hits like "Beat It" and "Billie Jean." In the U.S., it has shipped more than 26 million units, according to the Recording Industry Association of America, making it the second-biggest selling album ever, after "Their Greatest Hits: 1971-1975," a record by the Eagles.

Even during Mr. Jackson's heady years, strange reports surfaced about his friendships with a chimpanzee named Bubbles and child stars a fraction of his age. Mr. Jackson hid behind surgical masks or umbrellas as his personal appearance grew increasingly odd. His dark skin paled and his sculpted facial features were increasingly unrecognizable as those of the boy who won pop fans' hearts.

Amid the tabloid fodder, Mr. Jackson made a canny business move. In 1985, after a protracted bidding process, he bought ATV Music Publishing for $47.5 million from Australian businessman Robert Holmes a Court. A decade later, with his music career in decline, Mr. Jackson needed cash. In 1995 he entered into a complex partnership with Sony to merge ATV with the Japanese company's modest library of songs. Sony already owned Mr. Jackson's record label, Epic Records.

Sony paid Mr. Jackson $150 million, according to one person close to the transaction, and the electronics giant took operational control, according to several people familiar with the arrangement. Mr. Jackson became a 50% owner of the newly created Sony/ATV.

Sony/ATV's structure grants Mr. Jackson veto power over key executive appointments and new acquisitions, say people familiar with the deal. The contract also grants both partners the right to counter any offer to buy out the other side. In addition, these people say, contractual provisions allow either party to bid for the half it doesn't own.

But the Sony deal didn't solve Mr. Jackson's growing financial problems. According to a 2002 suit filed in California Superior Court by Union Finance & Investment Corp., seeking $12 million in unpaid fees and expenses, he began to borrow large sums of money. By 1998, documents show, loans totaling $90 million from NationsBank Corp. were nearly exhausted. NationsBank merged with BankAmerica Corp. in 1998, and the newly combined company renamed itself Bank of America Corp. Mr. Jackson later sought additional capital from Bank of America.
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Old 11-07-2009, 03:34 AM
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Part 2

By 2000, Mr. Jackson was on the hook for $270 million. Some of the debt was secured by Mr. Jackson's stake in Sony/ATV. Other loans were backed by Neverland and Mijac, a separate music-publishing firm that owns Mr. Jackson's compositions, among others.

According to the court documents, the debt supported a decidedly unconventional lifestyle. Expenses listed at the time included food for Neverland's animals, limousine rentals, costumes and $1.15 million in payments to "Debbie," a probable reference to Mr. Jackson's ex-wife, Debbie Rowe.

"Michael Jackson was -- and is -- a ticking financial timebomb, waiting to explode at any moment," Union Finance said in its suit.

In recent years, Mr. Jackson's financial situation worsened as his behavior grew more erratic. In 2002, he launched a public diatribe against then-Sony Music chief Thomas D. Mottola, calling him, "very, very, very devilish."

Attempts by some to steer the singer out of trouble were hampered by disagreements among the rotating cast of advisers. Among them was Mr. Branca, 54, a well-established Los Angeles music attorney whose clients include Aerosmith, Fleetwood Mac and Nelly. Mr. Branca, who has been involved with Mr. Jackson, on and off, since the early 1980s, owns a small stake in Sony/ATV, tied to Mr. Jackson's ownership, and negotiated most of the major contracts involved in the current struggle. For long stretches, he has found himself cut out of Mr. Jackson's affairs.

Also involved is Mr. Malnik, a 71-year-old Miami lawyer, who in 1980 was barred from entering casinos in New Jersey because of alleged organized-crime connections, which Mr. Malnik has previously denied. He could not be reached for comment. Mr. Malnik befriended Mr. Jackson several years ago, according to people who know them. The two men spent a weekend in Mexico with "Rush Hour" director Brett Ratner to celebrate Mr. Ratner's birthday, the director recalls.

Mr. Malnik brought in Mr. Koppelman, a storied figure in music publishing who is also vice chairman of Martha Stewart Living Omnimedia Inc. Mr. Koppelman, 65, came on board about two years ago to advise Mr. Jackson on his publishing holdings and other business matters. In an unusual twist, people close to the singer say the Bank of America loan package included a covenant requiring Mr. Koppelman be retained as a consultant. (Mr. Koppelman was also Mr. Jackson's chief rival in bidding for the ATV catalog 20 years ago.)

According to several people familiar with their thinking, all three of these men favored selling at least a portion of Sony/ATV to salvage Mr. Jackson's finances.

Early this year, a variety of possible deals were served up to the pop singer. Goldman Sachs Group Inc. and private-equity firm Blackstone Group expressed interest, according to people close to these discussions. Before acquiring Mr. Jackson's debt portfolio, investment firm Fortress also discussed buying at least some of Mr. Jackson's holdings, say people familiar with the discussions.

Messrs. Branca and Koppelman urged Mr. Jackson to accept the Goldman Sachs deal, people familiar with the matter say, which would have introduced Goldman as a third partner in the Sony/ATV venture. Mr. Jackson would have been left with a stake in his beloved publishing company and no debts.

But even as the criminal trial began in late February, Mr. Jackson continued to resist, partly on the grounds that publishing rights are always more valuable in the long run.
In early April, Bank of America lowered the boom. According to one person close to the Jackson camp, Mr. Jackson fell short of a scheduled payment by about $300,000. Other people close to the matter say Mr. Jackson had been in violation of his loan agreement for some time.

Bank of America officials found themselves inundated with pleas from the singer's advocates. Willie Gary, a prominent Florida litigator who has been retained by the singer, says he contacted the bank on Mr. Jackson's behalf. Mr. Burkle, the supermarket magnate, also contacted Bank of America officials and urged them to allow Mr. Jackson to make good on his missed payment before throwing the entire loan package into default. The advisers brought in a Los Angeles bankruptcy lawyer to cover a worst-case scenario.

In early April, Rev. Jackson called Kenneth Lewis, the chairman and CEO of Bank of America, to lobbyon behalf of the singer. Mr. Lewis declined to discuss the matter, recalls Rev. Jackson, on the grounds that the bank's relationship with the singer is confidential.

In an interview, Rev. Jackson says it was "a gross injustice" that the singer might have to sell his assets because of the shortfall. "Michael had a cashflow problem because he's not been working and he's on trial," Rev. Jackson says. "But his assets are greater than his debts."

Amid mounting pressure, Bank of America walked away from the situation without providing an explanation. The bank notified Mr. Jackson, via fax, it was selling the loan package to Fortress.

Founded in 1998, Fortress says it has about $15 billion in equity capital under management. The firm has a toe in the private-equity and hedge-fund worlds and also invests in distressed debt. It counts as investors pension funds and wealthy individuals. The firm bought the loans at face value, people involved in the matter said. Funds sometimes buy debt at a discount to compensate for any risk.

The firm has extended the loan beyond its original December due date, say people familiar with the matter, and has extended additional credit to Mr. Jackson.

Even if Mr. Jackson is acquitted and the problems with his debt resolved, his financial future will remain clouded. To get back on track, he would need to curb spending or again earn income as a performer -- goals that have proved elusive in the past. In addition, according to Rev. Jackson, the singer believes the men advising him "were in fact conspiring to take his holdings and that's what triggered this avalanche of challenges."

If the jury votes to convict, these questions may be moot. People close to Mr. Jackson on both sides of the debate say a conviction would likely trigger the sale of most if not all of his remaining assets, including Neverland, the Sony/ATV stake and the Mijac catalog. After listening to the 13-week trial, the jury has been deliberating since last Friday.

Write to Ethan Smith at ethan.smith@wsj.com and Kate Kelly at kate.kelly@wsj.com
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  #2664  
Old 11-07-2009, 03:46 AM
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Originally Posted by jrsfan View Post
Part 2


Even if Mr. Jackson is acquitted and the problems with his debt resolved, his financial future will remain clouded. To get back on track, he would need to curb spending or again earn income as a performer -- goals that have proved elusive in the past. In addition, according to Rev. Jackson, the singer believes the men advising him "were in fact conspiring to take his holdings and that's what triggered this avalanche of challenges."

If the jury votes to convict, these questions may be moot. People close to Mr. Jackson on both sides of the debate say a conviction would likely trigger the sale of most if not all of his remaining assets, including Neverland, the Sony/ATV stake and the Mijac catalog.

wow, jrsfan, thanks for that. they did really everything tu put him down!!!! to give up his rights

found yesterday an article dated 2002 by roger friedman.

***** May Claim 'Threats' by Mottola
Friday , July 12, 2002
By Roger Friedman


Jack***** May Claim 'Threats' by Mottola

The Michael Jackson-Tommy Mottola standoff is heading into new territory. A serious source close to Jackson told me yesterday: "There is correspondence between Michael and Tommy that will show why Michael has done what he's done. When it comes out it will clear the whole thing up. It's all about Tommy goading Michael to respond the way that he has."
My source says that on more than one occasion he has been present during speaker calls between Jackson and Sony Music President Tommy Mottola in which Mottola "threatened" Jackson. "Not physical threats, but certainly the threat that Michael would be destroyed and his career would be over if he didn't agree to Tommy's terms. It's Tommy saying 'I'll ruin you.'"

http://www.foxnews.com/story/0,2933,57512,00.html


maybe you posted that already, sorry if so...
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Old 11-07-2009, 04:50 AM
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Originally Posted by Dragonfly View Post
I located a book called "Death In Summer". It's supposed to be pretty sad. I wonder if this is some kind of clue???

http://www.amazon.com/Death-Summer-W.../dp/0140287825

Key Phrases: man with elephantiasis, catalpa tree, Georgina Belle, Miss Rapp, Morning Star (more...)



This link has some of the first part of the book, maybe moe

http://www.nytimes.com/books/first/t/trevor-death.html

Hmmm. I really don't know but I will go again and have a good look at the credits. There was deffo something to that avail.
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Old 11-07-2009, 04:55 AM
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Originally Posted by LaMer View Post
wow, jrsfan, thanks for that. they did really everything tu put him down!!!! to give up his rights

found yesterday an article dated 2002 by roger friedman.

***** May Claim 'Threats' by Mottola
Friday , July 12, 2002
By Roger Friedman


Jack***** May Claim 'Threats' by Mottola

The Michael Jackson-Tommy Mottola standoff is heading into new territory. A serious source close to Jackson told me yesterday: "There is correspondence between Michael and Tommy that will show why Michael has done what he's done. When it comes out it will clear the whole thing up. It's all about Tommy goading Michael to respond the way that he has."
My source says that on more than one occasion he has been present during speaker calls between Jackson and Sony Music President Tommy Mottola in which Mottola "threatened" Jackson. "Not physical threats, but certainly the threat that Michael would be destroyed and his career would be over if he didn't agree to Tommy's terms. It's Tommy saying 'I'll ruin you.'"

http://www.foxnews.com/story/0,2933,57512,00.html


maybe you posted that already, sorry if so...
No, thanks for putting that up. Really frightening stuff, actually. The sony atv thing is difficult to keep track of & on the internet good articles can disappear too. Time consuming to do the research too.

I came across a article that said MJ 1/2 of catalog was way more valuable than Sony's too, which is quite interesting. I will see if I can find it later.
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Old 11-07-2009, 11:28 AM
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Originally Posted by jrsfan View Post
No, thanks for putting that up. Really frightening stuff, actually. The sony atv thing is difficult to keep track of & on the internet good articles can disappear too. Time consuming to do the research too.

I came across a article that said MJ 1/2 of catalog was way more valuable than Sony's too, which is quite interesting. I will see if I can find it later.
keep the info coming, very much appreciated ... it is difficult to find some real info concerning the catalgs ( atv/sony plus mijac) cat.

I posted earlier something - TomMes under cross-examination he pointed out that the sony/atv catalog is estimated about $4 if not $5 billions and this is in 2005...the article is here somewhere, pages back. ( the article http://www.foxnews.com/story/0,2933,155356,00.html)
so you don't really find hardcore facts about that, put aside the experts.
we have compiled so much info that it is obvious that people who worked with Mike wanted to 'ruin' him...so when he left sony....the press along with experts started with the whole high in debts stories....and I have noticed if you read articles beginning around the time 2001 - 2002 - every single time they are printing stuff like Mike is going to sell / he has to / no other choise than to sell his part of the stake...he is losing Neverland etc...

and I don't know if I should say that or if I am going too far but SONY as before and now even more may be VERY focused on the catalog....and if the will story is such a mystery and than the question about Branca...mmhhh.
...

EDIT: from jrsfan post a quote from the article above: " Messrs. Branca and Koppelman urged Mr. Jackson to accept the Goldman Sachs deal, people familiar with the matter say, which would have introduced Goldman as a third partner in the Sony/ATV venture. Mr. Jackson would have been left with a stake in his beloved publishing company and no debts.

But even as the criminal trial began in late February, Mr. Jackson continued to resist, partly on the grounds that publishing rights are always more valuable in the long run.
" .......ahhh that bit is interesting too Branca !! along with Malik and Koppelman....'advised' Mike to sell !!!

------------
here an article about SONY :

DON'T STOP 'TIL YOU GET ENOUGH

Sony/ATV And Its Leader, Martin Bandier, Mine New Opportunities
August 15, 2009
By Ed Christman


Despite media reports of investor interest in Jackson's half of Sony/ATV, Sony Corp. remains in the driver's seat. When a cash-strapped Jackson refinanced his debt with the Fortress Investment Group in 2007, Sony Corp. helped facilitate the deal and in return secured the right to purchase half of his share in Sony/ATV at a predetermined price; it also became managing partner of the publishing company, giving it operational control. Sony also obtained the right to match any future offers on Jackson's remaining 25% stake. Separately, sources say that Sony/ATV also gets a first look at purchasing Jackson's own Mijac catalog upon the expiration of its administration deal with Warner/Chappell.

.....(BUT !!!)



Sony executives declined to comment on the status of the Jackson estate's Sony/ATV stake or Mijac. Despite media speculation that the estate's tax and debt obligations might force a sale of its Sony/ATV stake, a spokesman for the Jackson estate said that it has been the estate's position that its stake in Sony/ATV isn't for sale. The spokesman didn't respond to a request for further comment.



http://www.sonyatv.com/index.php/news/549

...maybe it is just a matter of time when they starting to reach out and put their arms around that...


...Why was Mike actually in such debts - to have this high amount of loan, because of Sony? He left them and owed them so much - was that the reason? What was it exactly...I have to look... or maybe some of you guys knows that ?

Edit:
by 1998 loans totaling $90 millions from NationsBank Corp. -- in 1998 NationsBank merged with BankAmerica Corp -- company renamed Bank of America Corp.
by 2002 loans totaling $270 millions -- secured by Neverland, Mijac, among others
around 2005 Bank of America notified Jackson, via fax, it was sold to Fortress ...(info taken from jrsfan's post above)
and now???
Dory, I think you mentioned about Barclays Bank took over the loan Mike owed to Fortress, right ?

Last edited by LaMer; 11-07-2009 at 01:45 PM.
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Old 11-07-2009, 02:28 PM
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Here's another great article I found about the whole ATV catalog issue:

IS IT BECAUSE HE'S BLACK?: What They Don't Want You to Know About Michael Jackson
By Christopher Hamilton
(January 5, 2006) <<note the date

What do you think of when you hear the name, Michael Jackson? W*cko? Criminal? Great Entertainer? Businessman? Whatever you think of MJ, throw all your thoughts out of the window and let's examine some facts.
For years the media has labeled him "W*cko J*cko." What happened to MJ? Wasn't he the biggest thing in music at one point? When did he go crazy?
All anyone has to do is look when Michael started being portrayed as "Crazy." It wasn't during the "Thriller" years. It's cool being a song and dance man. That's what they want. DON'T DARE BECOME A THINKING BUSINESSMAN. DON'T DARE BUY THE BEATLES CATALOG. DON'T DARE MARRY ELVIS' DAUGHTER. DON'T DARE BEAT THE RECORD INDUSTRY AT THEIR OWN GAME. Michael started being labeled crazy when he began making business moves that no one had been successful at doing.
Michael took two cultural icons and shattered them to pieces. All our lives, we've been bombarded with 2 facts. The Beatles were the greatest group of all time and Elvis was the King of Rock and Roll. Michael bought the Beatles and married the King's daughter. (if that ain't literally sticking it to the man) If I wasn't a cynic, I'd say Michael did the Lisa Marie thing just to stick it to the people who consider Elvis the King.
The Beatles were great, but they weren't great enough to maintain publishing rights over their own songs.
Elvis was great, but he didn't write his songs. His manager, Col Tom Parker, was the mastermind behind Elvis ... keeping him drugged with fresh subscription pills and doing all the paperwork.
Michael could do no wrong as an entertainer. "Off the Wall," first solo artist with 4 top ten singles. "Thriller," the biggest selling album of all time, with a then record 7 top ten singles. "Bad," the first album to spawn 5 number one songs (even Thriller only had 2 number one songs). All this is cool. But that is all you better do. SING AND DANCE. Michael wanted to be greater. He bought the legendary Sly and the Family Stone catalog and no one really cared. When he bought the Beatles, people noticed. The Sony merger took the cake. Sony, in their eagerness to have a part of the Beatles catalog, agreed to a 50/50 merger with Jackson, thus forming Sony/ATV music publishing. Now, Michael co-owns half of the entire publishing of all of Sony artists. Check out the complete lists of songs at sonyatv.com. A sampling of the songs he owns the publishing rights to are over 900 country songs by artists such as Tammy Wynette, Kenny Rogers, Alabama. All Babyface written songs. Latin songs by Selena and Enrique Iglesias. Roberta Flack songs, Mariah Carey songs, Destiny's Child's songs. 2pac, Biggie and Fleetwood Mac songs. In essence over 100,000 songs. "What is this man doing?" None of the greats did this. Not Bono, Springsteen, Sinatra. "Who does he think he is? Get whatever you can on him."
To "get" someone, you have to attack what they love the most. I'll say no more on that.
The only man who even approaches MJ in taking on the industry is Prince and to a lesser extent, George Michael. They went after poor George Michael, publicly outing the man as a ****sexual. Prince fought hard and made his point, but nevertheless still had to resort to using a major company to distribute his materials. There is nothing wrong with that. Prince would get the lion's share, but the result were years of being labeled crazy and difficult.
The greatest moment for them was the Sneddon press conference. "We got him." Never was such glee so evident. Who cares if we have evidence?
Michael was acquitted, did not celebrate, went home and left the USA. Best move ever. Now what is there left for the haters to do? He's gone. "Gone, what do you mean he moved to Bahrain? Well, how the hell can we get him if he's not here? Quick, get that columnist to write a series of articles on how MJ's teetering on the brink of destruction. Oh we did that? Well, what can we do?"
On the outer surface, it appears Michael is not doing anything to make money. Don't even count the weekly sales of his CDs. 15,000 CDs a week is nothing for Michael. The Sony/ATV catalog is money for Michael Jackson every time he breathes. Serious money. The fact that no one reports on the actual amount is proof of that. They would rather you believe he is broke than tell you the truth. Neverland is still owned by MJ. The family home in Encino is still owned by MJ. Michael still owns the Beatles songs through the merger with Sony as well as full ownership of his own songs. But, hey, that's our little secret.
Michael Jackson is literally walking in the shoes that no Black person has ever walked in before. If he ever writes an autobiography, it will be one of the most interesting ever. A Black man with no real formal education becomes the most powerful man in the industry, DESPITE hatred, racism, enemies in his own camps and a media willing to be bought to the highest bidder.
If Sony had any sense, right now they should offer to continue the partnership. That's the only way they will make future money off of Michael's catalogue. Tommy Mattola did not lose his job with Sony because he was a bad label head. It was a casualty of war. MJ exposed him and Sony had to cut their losses. Companies do it all the time. Notice no one at Sony nor did Matolla himself ever sue MJ for slander. Michael always was loyal to his bosses at Epic/Sony. Back at the 1984 Grammys, he even brought then label head Walter Yetnikoff on stage with him at one point. He's always thanked Dave Glew, Mattola and others at Sony in his acceptance speeches.
Sony can still do right by Michael, but it may be too late. However, they still should make a goodwill gesture, but how many times do businesses do that? If I were them, I'd still want MJ as an ally, not as an enemy. It is/was a mutally profitable merger.
I'd be scared as hell if I was an enemy of MJ while he is with the multi-billionaires overseas. Believe me, they aren't just over there discussing designer clothing. A conglomerate is in the making.
One last note, these facts that I write here should not be the only times you hear this, but the sad fact is it probably is. I was worried that Michael would go down because of the uncertainty of the jury. That's playing unfair. If I'm presenting these facts here at EURweb, YOU CAN BELIEVE THE MEDIA KNOWS IT ALREADY AS WELL. They aren't salivating over everything MJ related just because he made "Thriller." They know what's up. Think about it. That's why I laugh when I see shows like BET's "The Ultimate Hustler." We all know who that is. (How can Damon Dash know who the ultimate hustler is anyway? He lost Roc-a-fella to Jay-Z)
In the end, Michael won't be known for being an alleged child ********. He won't be known for "Thriller." He will be known as the man that fought the record industry and won and lived to tell the tale. That is a book worth buying.

http://www.eurweb.com/story/eur24224.cfm
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Old 11-07-2009, 03:02 PM
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Mwitt that article !! thank you for posting this, very good points. the author nailed it really!!!!
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Old 11-07-2009, 04:57 PM
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Default It's all about Jermaine

And now, for a little more controversial stuff. Sorry people but take this as you will, but that dirty skunk in the woodpile is starting to stink up the place!! This is just my position and I've really tried to stay away from it, because at the end of the day, family is family no matter what they do. But I just can't help to feel a little miffed by all the fanfare surrounding Jermaine.
I'm only going to put some of the highlighted stuff from the articles here. my personal notes are in rust orange. I'm really not trying to attack Jermaine, but there's some very strange actions going on with this guy. Is he really just wanting his 5 minutes of fame? Or he as shady as Tohme?

http://www.etonline.com/news/2009/09/79128/

Tonight on ET, we have another Jackson exclusive: Jermaine Jackson, on the record about family infighting -- and the real reason he pulled out of a scheduled photo shoot with his brothers.

ET's own Kevin Frazier was with Jermaine at a Hollywood photo shoot for his upcoming A&E reality series (and possible album cover), just days after brothers Marlon, Tito and Jackie posed without him in New York. Jermaine's image will be Photoshopped in with them for the final picture.

Back in New York, Marlon told Kevin, "[Jermaine's] in California. He's got pink eye. But when I see him he's gonna have a black eye!" A short time later, Jermaine was seen with Marie Osmond at the premiere of "Dancing with the Stars."

In response to Marlon's joke, Jermaine says, "They know that it had to be a real reason for me not to be there, because we've had thousands of picture sessions together all our lives. … I was exhausted. My eyes were so bad. It wasn't pink eye, but it was something that was just so irritated my eyes [were] red and just really awful." waaa poor baby

"I had been traveling so much and I had been getting two hours of sleep and my eyes were just not right," he continues. "I was taking antibiotics. So I said I might as well just try to do mine out west." stay home, we really don't want to see you on the news every day anyway!!

"That is absurd," says Jermaine. "That is the most ridiculous thing ever. It is not about cashing in on what has happened. It is responsibility on all of our parts as brothers and sisters to keep his legacy alive. ALL?? I see the others just trying to make a living for themselves and their family, I don't see them stopping at all the media spots for an interview.

Jermaine now plans to hold that first tribute next year in London. But there is more speculation that his brothers and sisters are not involved and there is infighting within the Jackson family. oohhhh somethings brewing in the family!

"We are all brothers and sisters, but at the same time I don't have to tell them every time I am going to move," responds Jermaine. "I wish that they would move too and do creative things too. I would support them just as well. Who said I have to get an okay to do something for my brother? It is crazy." he's done something creative? when? where? I think I missed it. What single thing has he done for himself since Michael's death? It's all in "tribute" to Michael

Posted September 28, 2009 4:01:00 PM


http://www.dnaindia.com/mumbai/repor...h-sami_1292587
Michael Jackson's brother to visit Mumbai, sing with Sami
Prithwish Ganguly / DNA
Thursday, September 24, 2009 2:20 IST

Mumbai: Jermaine Jackson, older brother of the late pop star Michael Jackson, is visiting Mumbai on October 2 with a two-pronged agenda. He will visit the only Indian city where his brother performed, back in 1996, and interact with as many Michael's fans as possible. only 2 pronged? I think Jermaine has a whole other agenda all his own.
During his ten-day visit, he is also planning to record a song with singer-composer AdnanSami for an album produced by T-series.
It is a nostalgic visit for Jermaine as he wants to know how much India loves Michael and feels for him." 10 days? if Jermaine doesn't work, who's paying for it? oh yeah, his wife..... can't pay child support but he can stroll around the globe.

Jermaine will also be visiting the Taj Mahal as a part of his itinerary. "He has heard so much about the historical monument that he wants to see it up close and personal.

Jermaine was the original lead singer of the Jackson Brothers, an earlier incarnation of The Jackson Five, until 1968, till younger brother Michael began assisting with lead vocals. bitter much? party of 1

http://movies.rediff.com/slide-show/...ne-jackson.htm

this one sorta mirrors the above site

"Mumbai is such an incredible city, with this tremendous, unique vibe. I'm having a ball here. It's everything I thought it would be and more," he says.

So incredible is Mumbai, in fact, that he's already planning for the city to feature in an upcoming world-wide tour that will commemorate his late brother Michael, who passed away June 25 at the age of 50.

"I know that Michael is in God's hands now. It's up to us as a family to keep his legacy alive, in a dignified way," he says in his trademark soft-spoken manner, which uncannily resembles that of his younger brother. seriously? he thinks he really needs to do that??

http://www.lvrj.com/news/57220427.html
NORM: Jermaine Jackson hires Gans' man

Jermaine Jackson, 55, has started on the comeback trail. Here he sings at brother Michael Jackson's memorial service, July 7 in Los Angeles.

Taking early steps in what he hopes will be a comeback, Jermaine Jackson has hired Danny Gans' former manager to handle convention and corporate bookings.

Jackson, who turns 55 in December, is teaming up with Chip Lightman, who employed a similar strategy with Gans, who went on to become a Las Vegas headliner sensation.

Lightman announced that he would be representing Jackson on chiplightmanentertainment.com Thursday, the day of Michael Jackson's funeral at Forest Lawn Cemetery in Glendale, Calif.

Lightman said Jermaine Jackson, who had limited success as a solo act, is putting together a show based on his hits (two top 10 entries), Jackson 5 hits and a tribute to Michael.

There are no Las Vegas bookings as yet. "For now he wants to build the show through private audiences, but ultimately it could lead to that," said Lightman, who has been assisting Wynn Las Vegas with bookings since Gans died May 1. Las Vegas? hummm I think I've seen enough of him, I would never pay to see him in Vegas


http://in.reuters.com/article/hollyw...5902J220091001
Brother Jermaine to judge BBC Michael Jackson show

http://mockingwords.blogspot.com/200...-existent.html <<while this is pretty much tabloid garb, it's pretty funny. Quite a bit of truth in it, because the author lines up the wives, girlfriends, kids into order, but the way he does it is a bit of a spoof on Jermaine. Truth can be harsh, and unfortunately, Jermaine is the one that had all of those affairs which led to the circumstances that put these women where they are.

Jermaine is/was condo shopping:

http://www.contactmusic.com/news.nsf...-in-la_1113115

http://www.bilalaliproductions.com/c...ing-at-condos/

“His sisters live nearby and he said he wanted to be close to them,” a source told Page Six. I wonder if the feelings mutual?

Jackson, who’s struggling to put together a tribute concert in Vienna for the King of Pop, plans to pull in cash as a contestant on “Dancing with the Stars” and by acquiring the rights to footage of MJ’s “This Is It” tour, Page Six reported. I suppose since LaToya decided not to do DWTS Jermaine's going to take her place.

Jermaine Jackson to launch label in India
October 28, 2009 (India)
Michael Jackson’s brother Jermaine Jackson intends to launch his own clothing line. Recently, in India he shared his designing plans with the owner of an Indian garment retailer, Roopam.
http://www.fibre2fashion.com/news/fa...?news_id=78551
how odd... this was one of the last things that Michael was working on as well with Christian Audigier (as announced here on June 24th: http://www.popcrunch.com/christian-a...ion-confirmed/)

And why do I have such a bad feeling about all this you may ask? I found a statement similar to this on 3 different sites:
Halima Rashid (Jermaine's wife) is Tohme's cousin, both of which are Muslim.
Jermaine introduced Michael to Tohme. What is the current relationship between Jermaine and Tohme?
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