In December 2007, Michael Jackson, with the help of attorney Londell McMillan, representing him in the last fraud attempt filed by Transitional Investors LLC, finally found a way to end the relationship with the Fortress Investment. Barclays Bank refinanced the $300 million loan against Sony/ATV from Fortress. In addition, all media report that HSBC lent… Continue reading MICHAEL JACKSON’S BILLION-DOLLAR COMEBACK THAT NEVER HAPPENED: THE PLAYERS’ PACK
Category: Intellectual Property & Music Business
FOR THE RECORDS: THE MICHAEL JACKSON ESTATE VS. IRS TRIAL SUMMARY
Finally, the IRS matter close, and the Michael Jackson Estate can soon go out of the probate court rules after nearly 12 years. In the dispute between the Michael Jackson Estate and IRS, nobody won the judgment case (although the media and some fans saw it as a win-lose battle). The executors of the Michael… Continue reading FOR THE RECORDS: THE MICHAEL JACKSON ESTATE VS. IRS TRIAL SUMMARY
NO MORE ATV: ANOTHER CHAPTER OF MICHAEL JACKSON LEGACY CLOSES
Sony has re-branded its now huge publishing catalog with the original name, after giving it up 26 years ago, since the company established in 1995 a joint venture with Michael Jackson. That merger brought together Sony Music Publishing, an average catalog at that time, with the prestigious Jackson’s ATV that owned the Northern Songs catalog,… Continue reading NO MORE ATV: ANOTHER CHAPTER OF MICHAEL JACKSON LEGACY CLOSES
MICHAEL JACKSON’S 2006 REFINANCING ASSETS: GIVE US ALL YOU OWN
This blog is a continuation of MJ 2006 refinancing assets: the Sony- Fortress-obstacles. I want to highlight that the clause Citigroup imposed on Sony clearly must have come following the examination in detail of Michael Jackson's Bank of America accounts statements, which had highlighted payments shortcomings of royalties and revenues of MJ 50% partnership Sony… Continue reading MICHAEL JACKSON’S 2006 REFINANCING ASSETS: GIVE US ALL YOU OWN
MICHAEL JACKSON’S 2006 REFINANCING ASSETS: THE SONY/FORTRESS OBSTACLES
At the beginning of January 2006, while media carried on to portray Michael Jackson's apparent fluffy life, splinted between marriage invitations and shopping binge, his middle eastern advisors were actively looking for solutions to close the loop around useless meetings and related postponements that seemed very much an excuse to drive MJ to the point… Continue reading MICHAEL JACKSON’S 2006 REFINANCING ASSETS: THE SONY/FORTRESS OBSTACLES