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Again...RIGHT ON!!Great Michael move. He cuts out the middle man, and so, SONY now will pay him royalties, and Sony gets paid to do so, by him. It's a circle. He's paying himself. Just moving the monies around.Mijac music.Sony collects the royalties. Sony pays Mijac the royalties.Mijac pays Sony to collect it.Mijac music is Michael. Sony/Atv is also Michael.Just moving monies
So whats up with Branca then Taaj2001 twittered this .....Branca you certainly are doing your job FOR $$ONY, instead of paying off debts, you increase collaterol!!! WTF
Ok.....this appears to be a good thing, from what some have said....but I'm still confused with the positions of Sony and Branca with Michael, so I'm looking for anybody who could share some insight. It could be that I'm not remembering some things that have been uncovered, or the opinions most seem to share about the two, as there has been a MOUNTAIN of information to process over the last many months, so please bear with my possible misunderstanding.....that's what I'm looking to you intellects for....to help gain understanding.Weren't we at one point thinking that Sony was front and center in the thought process of "those who were trying to take Michael down"? And this also included Branca, who appeared (at least to us beLIEvers) to be working with Sony, but, as an attorney for the estate, would "appear" to really be working for Micheal (or the estate)? So wouldn't that make them "the bad guys" We know about Branca being fired, not turning over the will, then supposedly being re-hired, and having a/THE will, which most suggested was not a valid will, which was sort of contested but not really (Katherine and Randy), suggesting some shady things going on.But....this new arrangement of the music catalogs appears to indicate that Branca could be helping Michael (hhhhmmmmm.....the estate) gain more financial control over his music. Is this more shady dealings for his own benefit (and Sony), or is he maybe part of a plan for a TAKE OVER of Sony music that he and Michael could be working on......So if there is a take over of Sony music in place, and Micheal is spearheading the project, ("out-thinking them") eventually Michael could be calling alot of the shots within the Sony music business, allowing him to run the business with integrity and honesty and allowing artists to be treated with respect and some freedom.The statement that Michael made in This Is It, "We have 4 years to get it right...." has always bugged me. It never made sense, and still is VERY confusing because it could refer to different things...Do you think it could refer to a possible take over of Sony music, taking 4 years to accomplish?Is Sony music headed for new ownership??? (complete ownership)Who is Branca really working for?Is this catalog arrangement a good thing for Michael?Could we have one more thing to have to figure out, cuz the ba-zillion things so far have not been enough.........(*MacCaully-hands-to-the-face-aaaaaaaaaaaarrrrrrrrrrrrrr!!!!!!!!!*)My head hurts.......Help!
I'm stilllllll researching this one...but someone tell me, wasn't most of the Sony stuff with Michael with TOMMY Matolla, and Tommy is not with Sony since 2003..sooooooo maybe things are looking up for Michael
------ Forwarded MessageFrom: John Branca Date: Mon, 21 Feb 2011 15:18:31 -0600To: Jeff ***** Subject: Michael Jackson/MijacJeff: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 – JohnJohn BrancaCo-ExecutorThe Estate Of Michael JacksonLos Angeles, CA
Taaj2001 twittered this .....Branca you certainly are doing your job FOR $$ONY, instead of paying off debts, you increase collaterol!!! WTF
Quote from: "fordtocarr"------ Forwarded MessageFrom: John Branca Date: Mon, 21 Feb 2011 15:18:31 -0600To: Jeff ***** Subject: Michael Jackson/MijacJeff: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 – JohnJohn BrancaCo-ExecutorThe Estate Of Michael JacksonLos Angeles, CATHANK YOU for sharing this with us! This is exactly what we thought - and it's great news for sure. Blessings!