“
Things have gotten so bad that
The story recounts
Things got even worse in April when the Bank of America informed Jackson that he was in default, which led to some of his advisors urging him to sell his 50% stake in Sony/ATV Music Publishing, including 251 Beatles songs, which analysts value at more than $1 billion (Jackson bought ATV in 1985 for $47.5 million). These holdings have already been pledged as collateral. Most feel that selling these assets would instantly get
These advisors, Jones and Kelly point out, “included longtime associates such as entertainment attorney John G. Branca, veteran music-industry executive Charles A. Koppelman and
Last month, distressed-debt specialist Fortress Investment Group bought
“If the jury votes to convict, these questions may be moot,” the WSJ story concludes. “People close to Mr. Jackson on both sides of the debate say a conviction would likely trigger the sale of most if not all of his remaining assets, including Neverland, the Sony/ATV stake and the Mijac catalog.”
SONG REVENUE: CALM BEFORE THE STORM
J. Cole has his moment; Future-Metro have another big payday. (4/19a)
WARNER CHAPPELL ROPES IN RED CLAY STRAYS
Another big get for Guy and Carianne (4/19a)
THE COUNT: COACHELLA, FROM THE COUCH
The coziest way to experience the fest (4/19a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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