- Jan 19, 2012
1. What makes you think that I read the Forbes article? I did not. I heard the news about the debt from other sources.
2. If that's true how come they couldn't pay that off since 2012 when they earned more than 100 m+ in every years since 2012, 160m in 2013 alone?
The revenue from the catalog was about 300 m / year. No way the Estate's profit was only 17m from that.
(we'll see how much the catalog brought it in 2017 the first year and the Estate's total earnings won't include anything related to Sony/ATV)
So now they say that the debt was still 250 m right before this deal when it was an estimated 280m in 2012! So what did they do in 2013 2014 2015?
Pay off 30 million while they earned about 400 million? They earned 9-figures for 9 years and they still need to sell the catalog to pay off 250 million?
You are funny
If you read TMZ or DailyFail, it is your own fault that you are not up to date whats going on as they are tabloids, not source of actual information.
Happy readings, that'll keep you occupied for hours if not days
Don't forget that the estate was and still is 50-50 partner with Cirque, it also means they had to pay half of creation of the two shows.