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Sony and Jackson Estate reach agreement for Sony to acquire remaining half of Sony/ATV Music Publish

innuendo141 said:
Also, wasnt a lot of this to be reverted to Paul a few years ago? Did he not say that was a reason he didn't go after it at one point? I'd be fairly certain this was in the mid 2000's, if not early 2000's.
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respect77 said:
Yes, there were news about a law that reverts back the right to the original songwriters after a while. It's a gradual thing because when it will be reverted back depends on when a song was originally released. However, the Sony/ATV catalog is a LOT more now than the Beatles.
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I was actually reading up on this news earlier tonight after an earlier discussion on here, found this article. But yes, basically Paul McCartney and Yoko Ono (or John's Estate if she passes away) will be able to claim back the rights to songs he and John wrote beginning from 2018.
 
I doubt anything will happen until all the lawsuits are finished especially the IRS one and they know what money they actually have
 
Omg look at the dates. What bunch of greedy people. They negotiated with the jacksons and will give them their share for getting their blessings. Two days ago they filed a request to give her yet another loan. wow how convenient.
 
HIStoric said:
Paris posting a few photos on Instagram paying tribute to David Bowie doesn't necessarily mean she likes him more than her own father (who also appears on there from time to time). Besides, why does it matter if Paris is a bigger fan of David Bowie than Michael? That doesn't mean she or her siblings don't appreciate their father's work because - and I can't believe I'm actually having to say this - they very obviously do.
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Elvis' granddaughter gets the same BS from some of Elvis' fanatical stans. She too paid tribute to Bowie on her Instagram to which Elvis stans attacked her that she can post a tribute to Bowie but not post anything on the birthday of his grandfather. But at least since I saw that I know it's not just SOME MJ fans that do that crazy mess. LOL.
 
elusive moonwalker said:
😅😅 thank you bubs i think!

Do we know if its kj or jr say for university
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I don't think Prince needs to ask loan from the estate. As per MJ Will, if kids wants to buy house or set up company etc, the estate will provide funds for them, so Prince request wouldn't be "loan". It is a different thing for KJ because her terms are different, thus I believe this another "loan" for her that she is not going to pay back.
 
respect77 said:
Elvis' granddaughter gets the same BS from some of Elvis' fanatical stans. She too paid tribute to Bowie on her Instagram to which Elvis stans attacked her that she can post a tribute to Bowie but not post anything on the birthday of his grandfather. But at least since I saw that I know it's not just SOME MJ fans that do that crazy mess. LOL.
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*sigh* some people just really need to chill ahaha.
 
Princess nishea said:
Whether or not MJ's estate had any control over what happened, after doing this they have to announce some positive news soon because something like this will most likely overshadow anything positive that they've done up to this point in people's minds.
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In your mind perhaps?
 
Soundmind said:
She might get a consultant fee also in the millions and most Probably TJ will see a significant increase in his salary. Please someone check whether the estate produced the "big family project " that prince talked about for months as his first direction experience but it turned out to be Omar's new video clip. Probably this is how the estate understands MJs instruction to finance the kids business projects.
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Get over it. That Prince and Omer video is pocket money, they're not selling Neverland to fund Omer's career.
 
Princess nishea said:
Judging by some of the comments in this very thread and other places on the internet I'm going to have to say NO it isn't in "my mind".
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Which means positively nothing. The estate is debt free, how many of those people on the internet can say the same thing about their affairs?
 
respect77 said:
Elvis' granddaughter gets the same BS from some of Elvis' fanatical stans. She too paid tribute to Bowie on her Instagram to which Elvis stans attacked her that she can post a tribute to Bowie but not post anything on the birthday of his grandfather. But at least since I saw that I know it's not just SOME MJ fans that do that crazy mess. LOL.
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:eek: They attacked riley for that???? Seriously omg
 
OK, after getting over the initial emotional shock and thinking about it, it possibly was the financially reasonable choice. The other option was that the Estate buys Sony's share and I cannot see how that would have been a financially reasonable decision if they could not find many wealthy partners to join them and they had to carry most of that financial burden. How would it be financially reasonable to burden the Estate with yet another up to $750 million debt just to be able to say "MJ still owns the Beatles"? (That would not last a lot longer anyway if this revert back thing is true.)

I know it had a lot of emotional value to MJ as to his fans, but other than that - this is surely not the only great investment in the world. There are probably ones which are a lot better. They can take their money and put it in those now, while getting rid of all of the debt that they still have at once.

And if it was the other way around - the Estate buying Sony's share - the Estate probably would not have the means to market these rights the way Sony could because they are not a multinational company, do not have a record company, a movie company, distributors, huge administration etc. - that all costs money too. Also the music industry is kind of on shaky grounds. While Sony may be able to afford the risk, but MJ's Estate putting all their financial resources into one business like that - probably that wouldn't be very wise either.

So at the end of the day while it feels like a loss emotionally, but not the end of the world. Hopefully smart investments come now for that money they get now.

And BTW, the Estate will still have some share in the music publishing business other than Mijac: the EMI share is still theirs and if I calculated well that's still a pretty huge share - worth about $220 million.
 
respect77 said:
I know it had a lot of emotional value to MJ as to his fans, but other than that - this is surely not the only great investment in the world. There are probably ones which are a lot better. They can take their money and put it in those now, while getting rid of all of the debt that they still have at once.
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This is exactly what I've been slowly coming to realise, as much as I think I didn't want to. The idea of MJ owning those songs meant more than money to me, but obviously this is the real world. Well said Respect.
 
innuendo141 said:
This is exactly what I've been slowly coming to realise, as much as I think I didn't want to. The idea of MJ owning those songs meant more than money to me, but obviously this is the real world. Well said Respect.
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Yes, it's not like they sold his own songs - which would be unforgivable. Eventually this is just an investment, that can be replaced by other (perhaps even better) investments, which may or may not be in the field of showbusiness.
 
IMO, Michael bought this catalog, so now it could work out the way it is. So now, it could help.

I highly doubt that Michael kept it for some emotional reasons; he knew that one day it would help.

I would say to sell it, is a right decision in the right time.
 
You guys know what I just realised? Michael Jackson's Estate just earned $750,000,000, which means that when Forbes does the top earning dead celebrity of 2016, and using last year's figure as a reference/base, it'll be go a little something like this:

TOP EARNING DEAD CELEBRITIES 2016:

1. MICHAEL JACKSON
$865,000,000

2. ELVIS PRESLEY
$55,000,000

and so forth. Take a look at that gloriously huuuuuuge margin :cool:
 
HIStoric said:
You guys know what I just realised? Michael Jackson's Estate just earned $750,000,000, which means that when Forbes does the top earning dead celebrity of 2016, and using last year's figure as a reference/base, it'll be go a little something like this:

TOP EARNING DEAD CELEBRITIES 2016:

1. MICHAEL JACKSON

$865,000,000

2. ELVIS PRESLEY
$55,000,000

and so forth. Take a look at that gloriously huuuuuuge margin :cool:
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LOL I thought about that too.
Some people are probs going to be a bit salty about it LOL.
 
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Re: Sony buys what MJ owns of their music for 750 million.

barbee0715 said:
Well, hell.
I'm glad they have MIJAC and EMI separate. I thought they were merged with Sony/ATV for some reason.

On another note, 42 million dollar investment just sold for 750 million-that's quite the profit.

Very proud of Michael and that acquisition. Then and now.
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Are you kidding me? this catalog meant much more to MJ than just money! MJ said they were tying to kill him for this
and damn he was right. Sony wanted this all along and now they got it thanks to Branca.
MJ would have never ever sold this catalog to Sony of all things. Branca and McClain don't give a **** about MJ or his kids for that matter.
They just want to make as much money for themselves as they can.
The ATV catalog has been profitable that's why Sony wanted it! Now this profit will go to Sony instead of the Estate.
**** them.


michaelsson said:
i have no words lol
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I have words: **** **** **** **** **** ****
 
Justthefacts said:
Which means positively nothing. The estate is debt free, how many of those people on the internet can say the same thing about their affairs?
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And?
I think it's great that the estate is debt free (that's the silver lining on the cloud to me), but my first statement still stands, and if you or anyone else has a problem with it then so be it.
I made a statement which I'm sure many people would agree with, and I'm not recanting.
 
Maybe with this new money they can invest in a 'graceland' style MJ mecca.
 
Actually I think this is a very good decision.

In less than 10 years time some right will start going back to The Beatles anyway.

And 750 million dollars is a lot of money. - This cataloug has made MJ many many money every year, and when he desperately needed money it saved him.

Now it's a new chapter. They have a lot of money they can invest as they want. No debt. MJ's children, grandchildren, grand-grandchildren etc. are economically secure.

The music indusrty is a risky buisness IMO. People don't buy records more. Artist do not get paid very much for spins on Spotity etc. So I do not know how many money the catalouge would be worth in 20 years - and then already missing a lot of the Beatles rights...

So I think it's a wise move. It's simply good buisness. Move on to the next investment. Still own all MJ related, short films, music etc. - And now they have so much money and no debt that they will never ever have to sell MJ's Legacy - his art.
 
Princess nishea said:
And?
I think it's great that the estate is debt free (that's the silver lining on the cloud to me), but my first statement still stands, and if you or anyone else has a problem with it then so be it.
I made a statement which I'm sure many people would agree with, and I'm not recanting.
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Who asked you recant? You shared your views, I shared mine
 
I'm still processing this information. Several points come to mind.

Given Michael's statements of the past, we know that the catalog had emotional value for him and not only it's monetary value. It was his wisest business-decision, and also he must have felt it was his safety-net. He would have done anything and everything to have prevented its sale. So that's sad. I think there is more to this deal that we are privy to, in that there are statements that point to the necessity for the Estate to "agree on" (the MOA) some of the terms. So it may not have been a cut-and-dried take-over. Even so, management of the Estate is a BUSINESS-DEAL, and the executors have amassed great wealth through percentages of profits. This must mean enormous personal money for them. I doubt this was in the "best interests of Michael's children." I'm sure they knew how their father felt about the catalog and his desire to keep it. And, how much money do three kids/young adults really need, anyway? Their wealth is unimaginable, really.

I think there is a back-story here, and we don't completely know it. Mostly, we don't know if there was any wiggle room and if the sale could have been prevented. Whatever else is the case, we know from Michael's own statements that he would not have sold this catalog if there were any way to prevent it. It's the end of an era.
 
No matter how Michael may have felt about the catalog the bottom line is this. If Sony would have forced the sell clause he would have not had any choice but to sell. When placed in the same position the estate has no choice either.
 
i will not be buying any further future releases from michael jacksons estate. im done
 
Hess said:
Actually I think this is a very good decision.

In less than 10 years time some right will start going back to The Beatles anyway.

And 750 million dollars is a lot of money. - This cataloug has made MJ many many money every year, and when he desperately needed money it saved him.

Now it's a new chapter. They have a lot of money they can invest as they want. No debt. MJ's children, grandchildren, grand-grandchildren etc. are economically secure.

The music indusrty is a risky buisness IMO. People don't buy records more. Artist do not get paid very much for spins on Spotity etc. So I do not know how many money the catalouge would be worth in 20 years - and then already missing a lot of the Beatles rights...

So I think it's a wise move. It's simply good buisness. Move on to the next investment. Still own all MJ related, short films, music etc. - And now they have so much money and no debt that they will never ever have to sell MJ's Legacy - his art.
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I agree it is a good move now,unfortunately back in 2008/09 the only way for paying debts was to do 50 shows at the O2... 😔
 
Does this deal mean that MJ's $300 million business debt related to the ATV catalog is wiped out since Sony now has 100% ownership, or must the Estate still pay this debt?
 
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