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Thread: Dieter Wiesner-Channel on YouTube

   
  1. #31
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    Default Re: Dieter Wiesner-chanel on youtoube

    Quote Originally Posted by OnirMJ View Post
    Yeah, but in 1999 or so (I think MJ wanted to buy Marvel in late 90's not in 2003) Marvel wasn't worth $4 billion.

    I think it was that time period.
    Michael's plans to buy Marvel started in 1999 and continued to 2003. It was reported that the asking price was $1 billion in 1999. Buying Marvel was the main part of all Weisner's plans. In his book and in Sullivan's book Weisner says the asking price was $1.4 Billion in 2002 and Michael wanted to give it but couldn't because Sony wouldn't let him use Sony/ATV as a collateral. so he wanted to get $1.4 billion from some financial institution by using his catalog. We all know the Sony/ATV loan situation - that it was already heavily leveraged and Michael's share wasn't even worth $1.4 billion back then. So sorry but given everything we know about his finances, it's unrealistic to expect him to be able to pay/find $1.4 billion for Marvel.

    Same for Neverland II. I mean the first neverland staff, maintainance and mortgage wasn't paid for years - proving Siegel's letter that Michael did not have much cash at hand. so how could he get and build a second, bigger, better neverland?

    In my opinion Michael would have benefited more from a restructuring of his debts, assets more than trying to invest tens of millions to other projects. that's me. I think Wiesner played Michael's weaknesses. when people were saying serious stuff, Wiesner was like "we'll buy Marvel, we'll build this and that".
    Last edited by ivy; 09-02-2015 at 10:57 PM.
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    Default Re: Dieter Wiesner-chanel on youtoube

    ^^it might have been Michael also focusing on the bigger picture. I saw a video of him talking about it and he was brimming over with ideas of things they could do for Marvel.
    He prob thought if he could just scrape the money together it would pay itself back and make huge money. He was right. It went from 1.4 b to 4 billion in just a few years.
    But definitely a crazy risk.
    Wiesner probably just fed those dreams.

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    Default Re: Dieter Wiesner-chanel on youtoube

    The video made me quite sad, in that it was a reminder of how Michael tried to see the good in people, and wanted so badly to trust. The list is quite long of those who were not worthy of his trust, and took advantage.

    That video looks like Michael was reading from a script. Which he probably was. Did Michael script it? Did Weisner? See above, about people not worthy of his trust. ..

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    Default Re: Dieter Wiesner-chanel on youtoube

    Quote Originally Posted by barbee0715 View Post
    ^^it might have been Michael also focusing on the bigger picture. I saw a video of him talking about it and he was brimming over with ideas of things they could do for Marvel.
    He prob thought if he could just scrape the money together it would pay itself back and make huge money. He was right. It went from 1.4 b to 4 billion in just a few years.
    But definitely a crazy risk.
    Wiesner probably just fed those dreams.
    you are absolutely correct that Marvel was a good investment as seen from increase in value. However I don't think it was right time or right thing to do for Michael. Think this - what if rather than pursuing a dream he focused on restructuring his debt and assets in 2003 like his old time team wanted? Perhaps the situation would be better in 2009 and he wouldn't have need to perform and still be alive today.
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    Default Re: Dieter Wiesner-chanel on youtoube

    Maybe so. Michael is a creative dreamer, unlike most of us who have to think about the logical realistic side of life.
    That's why I'm so very sorry that so many people like Weisner and Thome and on and on got their hooks in him.

    I read once that in Michael's 30 yr solo career (1979-2009) he spent the first 15 yrs making exceptional decisions and choices and the last 15 making the worst ever.
    I think they were talking musically, but I sometimes agree with this statement as it goes for him personally and professionally.

    Of course, hindsight is always...
    Last edited by barbee0715; 10-02-2015 at 02:20 AM.

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    Default Re: Dieter Wiesner-chanel on youtoube

    Quote Originally Posted by ivy View Post

    The interesting events I was mentioning was a letter from Barry Siegel. He sent a letter to Michael saying the money from the loan on Sony/ATV was running out and financially he would be in a bad situation. Siegel wanted a meeting with Michael, Branca, McClain, Modabber, Green to discuss the options. At that time Wiesner was talking to Michael about some of his ideas such as MJ Universe, Marvel etc that some people call as "hot-air projects" - meaning impossible to happen. So Michael hired Wiesner and partner and then fired his rest of the team. Then none of the projects ever happened (and couldn't happen to start with) and money started to go missing as Legrand testified. An overall mess.
    When was that letter sent, and is this the time when Branca resigned saying that MJ had surrounded himself with extreme shady people, meaning Dieter W and the other guy?


    Quote Originally Posted by barbee0715 View Post
    So maybe he's planning to bring a law suit against the estate for unpaid management fees-like everybody else-and he's disputing that Michael was on drugs when he agreed to it. This would be a first step, I guess, by posting a very coherent video.

    I'm not that familiar with him, but it seems like all his recent money making endeavors recently have been failing.
    I think that window has closed an ages ago. He should have put in claim if he was owned money.
    Last edited by Bubs; 10-02-2015 at 09:14 AM.

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    Default Re: Dieter Wiesner-chanel on youtoube

    Quote Originally Posted by ivy View Post
    you are absolutely correct that Marvel was a good investment as seen from increase in value. However I don't think it was right time or right thing to do for Michael. Think this - what if rather than pursuing a dream he focused on restructuring his debt and assets in 2003 like his old time team wanted? Perhaps the situation would be better in 2009 and he wouldn't have need to perform and still be alive today.
    I think he should have focused on making money like he did in the '80 and early '90. That would be the best thing he could do and then pay the debts/loans, NOT restructuring it. Restructuring and interests is what made him to be near bankruptcy. He could have done so much more, he had so much great music just sitting in the vaults, he could have just pick 10 of them each year and release an album that would sell 10 MIL copies easily. He could have performed smaller tours, not world tours of 100 dates - like 10 big concerts (especially in US) every year. And all his debts would disappear without any restructuring and he would have enough money to invest in new things, including Marvel. But it's his life, I'm just saying, not judging.

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    Default Re: Dieter Wiesner-chanel on youtoube

    MJ had too big a heart for this cruel world.

    He trusted people - and people let him down again and again...
    https://www.youtube.com/user/Ahess/videos - me dancing MJ - many years ago.

    I would be really glad if you rated or/and commented the videos. Thanks

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    Default Re: Dieter Wiesner-chanel on youtoube

    Quote Originally Posted by ivy View Post
    Power of attorney is a written document that requires a signature. So lazy or not, Michael or not, everyone has to go through the paper work.

    But why does Michael say in this video:

    "Rather than writing you a letter I have found this format (video) to be most efficient for what i wish to communicate"

    If he knew that a written contract had as well to be done or already was done, why would he say this.

    Maybe he later didn't remember signing contracts because there simply were none.
    As messy as everything went down in that time, it wouldn't be impossible.

    Unlike other recordings we know he doesn't sound sedated to me in this video.

    click...

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    Default Re: Dieter Wiesner-chanel on youtoube

    Quote Originally Posted by Bubs View Post
    When was that letter sent, and is this the time when Branca resigned saying that MJ had surrounded himself with extreme shady people, meaning Dieter W and the other guy?
    January 22, 2003. Wiesner wrote Michael got it on January 27. Hired and gave power of attorney to Weisner and Konitzer on January 31, 2003. and fired all of his old team (Branca, Siegel, Green etc.) on February 4, 2003. This is when siegel resigned from Executor position. This is also when Weisner asked Legrand to investigate Branca and others. Funny that Legrand didn't find anything against Branca but found Wiesner and Konitzer stealing close to a $1million from Michael. Branca was rehired, the power of attorney was changed/limited. Legrand testified to this.

    Branca says he resigned in 2006.

    This is the letter

    January 22, 2003

    Michael Jackson

    Dear Michael:

    I just received a phone call from Evvy indicating that Michael La Perruque needs more petty cash in Florida. The expense of keeping your entourage in Florida is very high. Although we have covered the hotel to date, I understand you are currently planning on moving from a room @ $975 per night to the Presidential suite @ $2500 per night. Please be aware that all of your funds for the month of January have now been depleted. There is no cash available to send to you. Expenses this month have been very high because of legal and other contractual arrangements, as well as packing and shipping of equipment and transportation for personnel to Florida.

    I am very concerned that your entire subsistence is based upon drawing down on the Bank of America loans. These loans will soon be exhausted and there will be no funds available to support your lifestyle. It is my understanding that you have now decided not to tour or play the shows in Las Vegas. The television special should not provide any net income to you after expenses. With no additional income being earned, it has now become clear that you will no longer be able to support your lifestyle. We must get together at your convenience and I am willing to meet you anywhere to discuss this situation. I would suggest that Zia Modabber, John Branca, John McClain and if you desire Trudy Green attend this meeting. But in any case, it is extremely important that we get together to discuss the specifics of this and how you will maintain your lifestyle.

    I cannot overstate the importance of us getting together or the extent to which this problem has grown. Please call me or have Evvy arrange for us to get together.

    Sincerely,

    [Barry Siegel]

    Quote Originally Posted by OnirMJ View Post
    I think he should have focused on making money like he did in the '80 and early '90.
    As you can see from the above letter he didn't want to work or at least perform. Also personally I don't see what they did in regards to Michael's debt between 2003-2009 as restructuring. They went and got bigger and bigger loans. That's not what I suggest as restructuring.

    Quote Originally Posted by Electro View Post
    But why does Michael say in this video:

    "Rather than writing you a letter I have found this format (video) to be most efficient for what i wish to communicate"

    If he knew that a written contract had as well to be done or already was done, why would he say this.

    Maybe he later didn't remember signing contracts because there simply were none.
    As messy as everything went down in that time, it wouldn't be impossible.

    Unlike other recordings we know he doesn't sound sedated to me in this video.
    there's a written power of attorney, it's been mentioned in a lot of sources (books, deposition, testimony). and it's written document, it needs to be signed and dated and sometimes even need a notary approval, that's the law. With a power of attorney, the person can act in your place/ benefit, sign for you and they would include a copy of the power of attorney document to demonstrate that they have the power of attorney and sign in your place.
    Last edited by ivy; 10-02-2015 at 03:14 PM.
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    Default Re: Dieter Wiesner-chanel on youtoube

    The irony when the Estate/Branca-targeting folks always say "MJ sued Branca for embezzlement!!!" when infact they neither do understand MJ was being lied to and manipulated to fire and exchange most of his legal team back then nor do acknowledge there was zero evidence against Branca...
    Just like these fans don't understand and acknowledge the will is authentic and legal.

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    Default Re: Dieter Wiesner-chanel on youtoube

    Nice to see unreleased footage, yet it's very sad to watch also.

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    Default Re: Dieter Wiesner-chanel on youtoube

    This is all very alarming, and sad, and one can only imagine what was going on behind the scenes? Ivy, do you know how long Weisner had POA? I mean, before Branca was rehired? One thing that comes to mind is that -- even as Tohme said in an interview that he was doing -- a wall was built around Michael and it's possible communications were filtered as to who would be allowed access to him (mail, and maybe phone) and who was not? The Siegel letter is very to-the-point, and demanded immediate action, but instead Michael "killed the messengers?" i.e. firing them? And then rehiring them?

    Then, as we know, things got exponentially worse, as the accusations/arrest came the following year, in 2004. And then of course the trial, its conclusion, and Michael's moving to Bahrain. We know that after Bahrain, he bounced around Europe and then settled in Ireland, where he seemed to be optimistic and in good shape. I wish he had NEVER returned to the U.S., though. He seemed happy in Ireland. There then were negotiations about a Las Vegas show, that might have improved his finances. But that fell through. Enter -- TOHME. And we know the rest, or as much of it as we can know. .. .

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    Default Re: Dieter Wiesner-chanel on youtoube

    Thanks to bashir and co mj had no real chance to do anything interms of business or performing. i dont believe in fate and paths are set out but when you look back over the last twenty years it was one thing leading to another like everything was staged to end the way it did.

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    Default Re: Dieter Wiesner-chanel on youtoube

    Here's Dieter's take on this - from his book (translated by Google, sorry, no time to do better):

    In January 2003, Tommy Mottola was fired from his post as director of Sony. It was an ignominious withdrawal. Employees of the firm took him right out of his own office, and then out of the building and escorted out to the very street.

    Of course, I realized that a new collaboration with Sony was almost impossible, especially because Michael did not want it anymore. But he was still bound by the contract. Therefore, in November of the same year, a greatest hits album «Number Ones» was released with a new song One More Chance, written by a successful music producer R.Kelly. Later, it was planned to shoot a music video of this song. But when Sony wished to provide the same stage set which had been used for Smooth Criminal for shooting, Michael was disappointed. He received consents for the shooting from some of the luxurious hotels in Las Vegas, primarily from the «Green Valley». They were willing to pay huge sums to Michael, just to have their destination chosen for filming. But according to the agreement, Michael had to fulfill the requirements imposed by Sony.

    Then, in January 2003, Michael received a mail from LA, marked "strictly confidential, in person." It was a letter from his accountant who worked with John Branca, Michael's lawyer. It arrived on January 27 late in the evening in Miami Oriental hotel in Florida.

    All these years that I spent with Michael, during travel, I usually occupied a room next to his suite. But as he was often active at night, listening to music or composing, I began sometimes to do otherwise. In rare cases, I took a room on the floor below, just to sleep. That was what I did that night in Miami Oriental, when Michael received the letter that shook him so badly.

    As I learned later, at about five o'clock in the morning he ran through the corridors on his floor, looking for me. Dressed in a blue dressing gown and surgical cap, he knocked on all the doors in a row and asked for me. In the end, he found me. Still not really awake, I let him in, and we sat down on my bed.

    He started crying from deep disappointment, and then handed me the letter. I marked down the time on the envelope, 5:40, and began to read. I could not believe my eyes and could only shake my head. My drowsiness vanished, and I noticed that Michael was watching me as I read, waiting for my help. His accountant wrote:



    Unthinkable. They reproached his lifestyle. Superstar, whom had earned them millions. This had to be the first, this was something new. So disrespectful.

    For normal people, of course, the price for the suites might seem astronomical. But at the top of the show business, it was nothing compared to the amounts that an artist like Michael Jackson makes over the years. They were unhappy even with travel spending of the employees - an inevitable expense item for any superstar.

    Because of this reproach, Michael felt that he was pressured financially. It scared him and forced him into performing which he - as was well known - hated and resisted. (Performances meant selling his talent for television shows and concerts in Las Vegas - so that their income source does not dry out, and the money flowed nicely, and all was well again - that's what they imagined!

    We had come to Miami to arrange a presentation of a charity project. Michael wanted to help children with cancer, collect donations for them. He auctioned off his personal belongings, such as handwritten lyrics, and revenue was supposed to aid organizations and various clinics.

    Michael was especially struck by this letter because it was written by people with whom he had worked closely. And now they literally put a gun to his head. He was deeply shocked.

    I tried to calm Michael, but he was very angry. He cried. I opened the balcony door to let in some fresh air, and again sat down beside him and hugged him. I put the letter with envelope on the table as far from us as possible. He kept looking at them, as if he could not believe that they existed.

    That letter, to him, symbolized the ruthlessness of the music business. People who wrote it wanted to induce him to a certain behavior. The letter, received by Michael on January 27, 2003, was the beginning of a certain process, which would later make him agree to 50 This Is It concerts. Michael was supposed to start making profit for the system again, as he called it, regardless of the circumstances. He knew that money always went first.

    Michael long ago experienced financial difficulties, primarily because of contracts that were drawn against him. He wasn't earning as much money as he had used to, but he never thought that he was bankrupt. He was too ashamed to admit it publicly. Michael decided to start all over again. He wanted to show them all what he was capable of - in a whole new way.

    We sat on the bed in my room. The sun already rose outside. My attempts to reassure Michael gradually came to fruition, I even thought that I saw some relief in his eyes. Michael wanted to get away from Sony and promised me from that moment to look only forward. I was able to quietly take him back to his room, where he lied down exhausted and slept all morning.

    ---

    Michael decided to change the "system" - in the beginning of February 2003, he wrote a letter of cancellation of employment to all former employees and distributed it first by fax and then by mail and in person, right from Miami. One of the major recipients was Michael's former quarterback John Branca.

    With this message in February 2003, Michael's former attorney John Branca was dismissed immediately:



    Similar letters went to his former employees Barry Siegel and Brian Wolf. To Trudy Green, who was his music manager, and Howard Kaufman, director of marketing, he wrote:

    Last edited by morinen; 10-02-2015 at 06:03 PM.

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