0 Members and 1 Guest are viewing this topic.
Statement from John Branca Co-Executor of The Estate Of Michael Jackson regarding Mijac announcement, via MJJCommunity (@MJJCommunity): I understand that you are being asked a lot of questions about Mijac. "Yes, there is a matching right that Michael granted to Sony/ATV but they only get to administer the catalog for a limited term AND only if they agree to unprecedented favorable terms. We will not relinquish ultimate control and ownership to anyone. We have favorably refinanced the loans on Mijac which will be paid off and the catalog WILL absolutely be passed to Michael's children as long as we have anything to say about it. Sony/ATV is a great company and the Estate owns half of it but no one, not even Sony/ATV, will ever own Mijac while John McClain and I remain in charge. The current Sony team is the one Michael chose to work with on the Thriller 25 release and they are good partners. As stated in the recent court filings, they worked with us to refinance the burdensome debt that had been placed on Michael's interest in Sony/ATV to very favorable terms, an important achievement which insures that Mijac and Michael’s masters remain secure for the benefit of Michael's children for years to come.I would appreciate your sharing this with the fans that are asking questions." Thanks – John John BrancaCo-ExecutorThe Estate Of Michael JacksonLos Angeles, CA You are not allowed to view links. Register or Login
You are not allowed to view links. Register or LoginStatement from John Branca Co-Executor of The Estate Of Michael Jackson regarding Mijac announcement, via MJJCommunity (@MJJCommunity): I understand that you are being asked a lot of questions about Mijac. "Yes, there is a matching right that Michael granted to Sony/ATV but they only get to administer the catalog for a limited term AND only if they agree to unprecedented favorable terms. We will not relinquish ultimate control and ownership to anyone. We have favorably refinanced the loans on Mijac which will be paid off and the catalog WILL absolutely be passed to Michael's children as long as we have anything to say about it. Sony/ATV is a great company and the Estate owns half of it but no one, not even Sony/ATV, will ever own Mijac while John McClain and I remain in charge. The current Sony team is the one Michael chose to work with on the Thriller 25 release and they are good partners. As stated in the recent court filings, they worked with us to refinance the burdensome debt that had been placed on Michael's interest in Sony/ATV to very favorable terms, an important achievement which insures that Mijac and Michael’s masters remain secure for the benefit of Michael's children for years to come.I would appreciate your sharing this with the fans that are asking questions." Thanks – John John BrancaCo-ExecutorThe Estate Of Michael JacksonLos Angeles, CA You are not allowed to view links. Register or LoginI always thought that if this catalog goes to other hands that are not the children of Michael, then he would be really dead
Thanks for posting this Mary. It begs the question (yet again) - are McClain and Branca good or bad guys?
You are not allowed to view links. Register or LoginSONY / ATV MUSIC PUBLISHING SIGNS EXCLUSIVE WORLDWIDE ADMINISTRATION AGREEMENT TO REPRESENT MIJAC MUSIC CATALOGNEW YORK —August 20, 2012—Sony/ATV Music Publishing announced today that the company has entered into a worldwide administration agreement to represent Michael Jackson’s iconic Mijac Music catalog. Founded by Michael Jackson in 1980 as his personal publishing company, Mijac Music grew to include – in addition to all of his own incredible songs – the classic Sly and the Family Stone catalog, songs by the legendary Philadelphia soul team of Kenneth Gamble and Leon Huff as well as songs made famous by other artists such as Ray Charles, Elvis Presley and Aretha Franklin. Of the announcement, Martin Bandier, Chairman and CEO of Sony/ATV said, “We are thrilled that the Estate of Michael Jackson has entrusted us with this incredible catalog of songs, and everyone at Sony/ATV looks forward to finding innovative ways to use these songs, while protecting their legacy.”[...]
[...]50 % of "they" is owned by Michael.[...]