There is an interesting article about Michael Jackson in this morning's NY Times. The long-legged self-imposed artificial man is having money problems.
The Sony people are nervous. They each own about 50% ($300 million) ownership in a corporations that owns the rights to Beatles and Michael Jackson songs.
It seems ironic to me, that each time Paul McCartney sings as song he orginally wrote and made popular has to pay Michael Jackson for the use of that song.... "nothing person, that's business."
But now, Sony, is considering the possibility that Michael's finances may be a bit shakey, to say the least. What they fear, is if Michael is forced to sale his share Sony would have no say who they would joint own the music catalog with.
So Sony want to do a bit of maneuvering to get their hands on Michael's share by offering him a loan to get him out of dept and maybe with strings attached, such as his 50% share, and so on.
I myself would love to see Sir Paul McCartney step up to the plate and buy it.
2 comments:
Bleaching one's skin can be most costly, sir.
Steve,
Evidently, and not to mention the hair straingtening, nose pointed, and his voiced pitch raised - I wonder how they did that?... wait, I don't want to know.
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