Re: Dieter Wiesner-chanel on youtoube
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".
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".
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