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The link between John Branca and Sony really bothers me. Shouldn't there be a conflict of interest here? If he is representing Sony AND the MJ Estate at the same time who will he fight for when it comes to the music catalog battle between Mj and Sony? This is really disturbing to me :Pulling_hair:
You are not allowed to view links. Register or LoginThe link between John Branca and Sony really bothers me. Shouldn't there be a conflict of interest here? If he is representing Sony AND the MJ Estate at the same time who will he fight for when it comes to the music catalog battle between Mj and Sony? This is really disturbing to me :Pulling_hair:The publishing rights to most of the Beatles' biggest hits are owned by one entity, a joint venture between the late Michael Jackson and the music arm of Sony Corp. It's called Sony/ATV, and it also owns the rights to songs written by Bob Dylan, Neil Diamond, Taylor Swift and, oh yes, the Jonas Brothers.But Sony/ATV does not handle the recordings of Beatles songs. Two other companies do that, so whether you'll ever download "Come Together" off of iTunes has nothing to do with M.J.'s death. I'll have more info on that for you later in this story.As for what happens to Jackson's portion of that legendary publishing catalog, welcome to the big, hot mess that is Jacko's estate...Why?Well, because Jackson was also, according to reports, mired in some truly epic financial drama. Even the value of Sony/ATV is unclear, with analysts and media placing it somewhere between the rather widely spaced poles of $500 million and $1 billion.Here's some more math: According to the Wall Street Journal and other reports, Jackson had about $500 million in debt.Adding to the quagmire: Jackson once put up his share in Sony/ATV as collateral for a loan. The debt is held by Barclays, Jackson's biggest creditor, and the amount owed is said to be around $300 million.So where does that leave Lovely Rita or Sgt. Pepper or Sweet Loretta? I refuse to say it's going to be a long and winding road. Instead, I shall declare that it's going to be a lengthy and twisting pathway."It's all a mess," one executive involved in Jackson's financial affairs told the New York Times this past weekend. "No one really knows what is going on, but these are early days."Now, Sony/ATV owns 267 songs written mostly by John Lennon and Paul McCartney. That collection—which comprises most of the Beatles' hits—continues to make bank; in fact, Sony/ATV recently negotiated a deal to allow some of the songs to be used on a Beatles version of Rock Band.The actual recordings of all the Beatles songs you know and love are owned by record label EMI and the band's company, Apple Corps. Those two are still trying to figure out terms for introducing Beatles songs to the digital world, including iTunes.In conclusion, it could very well be years before anyone figures out what exactly Michael Jackson owned, owed and bequeathed—other than a big old tangle of drama.You are not allowed to view links. Register or LoginBut I still have no real idea what is going on here...Is Branca working for Michael or against him? :Pulling_hair:But according to this older article I posted above, that debt (if real) has been paid off, and from what I'm uncovering, it seems to have been paid off by Thomas Barrak Jnr..from Colony Capital. There is evidence that Colony signed a power of attorney regarding some large debt, on June 25th 2009. Lets not forget that Tohme Tohme and Barrak work for Colony Capital, and it's Barrak that saved Neverland and paid off most of MJ's debts to other lenders, including the loan against the catalog....
In conclusion, it could very well be years before anyone figures out what exactly Michael Jackson owned, owed and bequeathed
Sony-EMI Deal Reunites Jackson 5 Songs With Michael Jackson"I Want You Back" - Michael Jackson finally gets his wish.In the years after Michael Jackson became an international superstar, the song “I Want You Back” took on a new, reflexive sort of meaning for him.Flush with cash from the stratospheric success of his solo career, Jackson thought seriously about buying the publishing rights to some of the songs he’d recorded years earlier as a member of the Jackson 5–including “I Want You Back,” one of hundreds in Motown’s Jobete catalog, then owned by the legendary Berry Gordy and his sister. Despite serious interest from Jackson, who was “like a son” to Gordy, the music mogul sold a 50% stake in the catalog to EMI for $132 million in 1997.But dreams often take a lifetime to achieve, and the King of Pop seems to have realized this one posthumously. On Friday, a Sony-led team of investors purchased EMI’s entire publishing catalog for $2.2 billion. The group includes billionaire David Geffen, the Blackstone Group’s GSO Capital Partners LP, and none other than the estate of Michael Jackson ( its stake is nested within Sony’s 38% share of EMI, according to sources close to the negotiations).The move makes sense for reasons beyond just the sentimental. Michael Jackson’s estate still co-owns the separate Sony/ATV publishing catalog in a joint venture with Sony; that company, headed by former EMI chief Marty Bandier, will administer the newly-acquired EMI assets on behalf of the investors.Still, the reunion is little more than a drop in the financial bucket. Because Sony/ATV will soon begin receiving administrative fees from the EMI catalog’s new owners, its own value is likely north of $2 billion as well.As for Jackson, his estate has raked in half a billion dollars since his death two and a half years ago. And though the King of Pop’s posthumous concert flick was called This Is It, he’s just getting started from a posthumous earnings perspective. Jackson’s Immortal World Tour, a partnership with Cirque du Soleil, is grossing $2.4 million a night; plans call for over 100 shows a year for each of the next three years.
Forbes Thought Of The Day “ You are not very good if you are not better than your best friends imagine you to be. ” — Johann Lavater
You are not allowed to view links. Register or LoginYou are not allowed to view links. Register or LoginThe link between John Branca and Sony really bothers me. Shouldn't there be a conflict of interest here? If he is representing Sony AND the MJ Estate at the same time who will he fight for when it comes to the music catalog battle between Mj and Sony? This is really disturbing to me :Pulling_hair:The publishing rights to most of the Beatles' biggest hits are owned by one entity, a joint venture between the late Michael Jackson and the music arm of Sony Corp. It's called Sony/ATV, and it also owns the rights to songs written by Bob Dylan, Neil Diamond, Taylor Swift and, oh yes, the Jonas Brothers.But Sony/ATV does not handle the recordings of Beatles songs. Two other companies do that, so whether you'll ever download "Come Together" off of iTunes has nothing to do with M.J.'s death. I'll have more info on that for you later in this story.As for what happens to Jackson's portion of that legendary publishing catalog, welcome to the big, hot mess that is Jacko's estate...Why?Well, because Jackson was also, according to reports, mired in some truly epic financial drama. Even the value of Sony/ATV is unclear, with analysts and media placing it somewhere between the rather widely spaced poles of $500 million and $1 billion.Here's some more math: According to the Wall Street Journal and other reports, Jackson had about $500 million in debt.Adding to the quagmire: Jackson once put up his share in Sony/ATV as collateral for a loan. The debt is held by Barclays, Jackson's biggest creditor, and the amount owed is said to be around $300 million.So where does that leave Lovely Rita or Sgt. Pepper or Sweet Loretta? I refuse to say it's going to be a long and winding road. Instead, I shall declare that it's going to be a lengthy and twisting pathway."It's all a mess," one executive involved in Jackson's financial affairs told the New York Times this past weekend. "No one really knows what is going on, but these are early days."Now, Sony/ATV owns 267 songs written mostly by John Lennon and Paul McCartney. That collection—which comprises most of the Beatles' hits—continues to make bank; in fact, Sony/ATV recently negotiated a deal to allow some of the songs to be used on a Beatles version of Rock Band.The actual recordings of all the Beatles songs you know and love are owned by record label EMI and the band's company, Apple Corps. Those two are still trying to figure out terms for introducing Beatles songs to the digital world, including iTunes.In conclusion, it could very well be years before anyone figures out what exactly Michael Jackson owned, owed and bequeathed—other than a big old tangle of drama.You are not allowed to view links. Register or LoginBut I still have no real idea what is going on here...Is Branca working for Michael or against him? :Pulling_hair:But according to this older article I posted above, that debt (if real) has been paid off, and from what I'm uncovering, it seems to have been paid off by Thomas Barrak Jnr..from Colony Capital. There is evidence that Colony signed a power of attorney regarding some large debt, on June 25th 2009. Lets not forget that Tohme Tohme and Barrak work for Colony Capital, and it's Barrak that saved Neverland and paid off most of MJ's debts to other lenders, including the loan against the catalog....Check this out: You are not allowed to view links. Register or LoginCan't copy the text but it's worth the read and any of the other stuff on that site.
every time is see something about this EMI stuff all i can think of is tIME . maybe it's never been used to be about time. :icon_e_biggrin: