Chapter 1022: Risks are proportional to benefits
Michael Jackson's status in the music industry is obviously not just a superstar.
If he was just a singing and dancing person, it would be impossible for him and the team behind him to fall out with the record company.
He is also one of the most powerful people in the recording industry!
As we all know, Michael Jackson is very rich, he owns two music companies, which are the two lifeblood of his financial resources - ATV and MIJAC.
This is a family history full of blood and tears.
In 1986, Michael Jackson spent $47.5 million to buy the rights to some of the songs that also included Elvis Presley, Madonna, Oasis, Bob Dylan and other superstars.
These copyrights belong to a record publishing company called ATV.
But that's it.
The ATV company also includes the rights to more than 200 songs of the band "The Beatles"!
And the ...... that competed with Michael Jackson for ATV companies There is Paul McCartney, the boss of the "Beatles".
Asking Paul McCartney to buy back the rights to his own songs is a normal thing for anyone.
As a result, Michael Jackson was offered a sky-high price.
This incident directly led to the break between Michael Jackson and everyone in the music world, especially the complete reversal with the British music scene. It also left a hidden danger for the BBC and other British forces to spare no effort to stink Michael Jackson.
Later, Michael Jackson formed MIJAC Music Publishing, which only included his own songs. And all the copyrights of his songs belong to Columbia Records.
At the time, Sony had just completed the acquisition of Columbia Records and formed Sony Music.
The contradiction is out of control.
It was 1993.
Then came Michael Jackson's first sexual assault scandal.
After that, it was Michael Jackson's compromise and concession.
He and Sony Records have an agreement that Sony Records will get the distribution rights of all songs and albums from MIJAC.
In disguise, Michael Jackson's songs have returned to the arms of Sony Records.
During that time, Michael Jackson had successively defected to Universal Records and EMI Records, but they failed to solve the problem.
When Sony Records took over, the private negotiations of the scandal went smoothly.
Not only that, Sony Records bought half of Michael Jackson's ATV music company by spending "1+1" billion dollars!
Don't look at the ATV company's song copyright, there are less than 400 songs, but each one is a heavyweight song, and it is all songs from music superstars.
Every year, 35% of all the rights income of ATV will go to the corresponding star, and the rest will be divided equally between Sony Records and Michael Jackson.
Even so, Michael Jackson makes $50 million a year from ATV.
This small music publishing company has reached a valuation of $1 billion.
The conflict between Sony and Michael Jackson came to an end.
In 2001, Michael Jackson released a new album "Invincible", which sold 10 million copies worldwide.
10 million record sales is a very impressive number for any other singer. But for Michael Jackson, it's an insult.
The second conflict between the two sides broke out.
Michael Jackson publicly accused Sony Records of not seriously promoting his new album and refusing to make music videos on a budget, resulting in mediocre sales. He even organized fan clubs in London and New York, publicly denouncing Sony, and playing slogans such as "Sony is rough" and "anti-Sony".
Tommy Motorola, the president of Sony Records, was furious, pointed at Michael Jackson's nose and cursed, said a lot of insults involving racism, and angrily said, "I'm going to destroy you!"
Sony Records then made a PR crisis move, firing Tommy Motora in an attempt to bring Michael Jackson back to the negotiating table.
However, this time Michael Jackson, there is no compromise.
Then, a second sexual assault scandal emerged.
Even now, Michael Jackson is still being grounded by a Los Angeles court, not only is he not allowed to be in the situation, but domestic actions must be approved by the police.
At the end of March, the case will be reopened.
After 3-5 court hearings, the court will make a verdict on Michael Jackson's child sexual assault case.
Obviously, this time, the two sides did not agree on interests, and they really fell out.
Ten years ago, although there was a lot of trouble, the result was private.
If the chain of evidence is extremely unfavorable to Michael Jackson in this trial, then he will be in prison.
This time, both sides are really desperate!
Of course, there is no direct evidence that Sony was behind the Michael Jackson sexual assault scandal.
However, the directivity is very noticeable.
Donn's advice to Steve Burke is to point out the direction behind this case through media public opinion, so that Sony will be under strong public opinion pressure, and the case of NBC's acquisition of Sony Entertainment will go very smoothly.
But the problem is that many industry bigwigs, including Steve Burke, generally believe that the Michael Jackson scandal is ...... It's true.
The evidence is too unfavorable.
If it is not handled well, it will put Sony on the moral high ground, and NBC will become an accomplice in helping Michael Jackson clear his identity.
It's too risky.
In this trial, Michael Jackson is likely to be planted!
"I am greedy when others are afraid, and I am afraid when others are greedy. Steve, in my opinion, Michael Jackson's case is an opportunity! an opportunity to work with him to get the right to operate ATV and MIJAC!"
In the living room, Don's eyes were blazing.
ATV and MIJAC are both companies that only have song copyrights and lack business operations. If you want to publish your songs and have more revenue streams, you have to work with traditional record labels.
The current record market has a high degree of monopoly.
It's either Sony Records, Universal Music, or Warner Records.
Plus a Disney at most.
Whoever gives Michael Jackson the best chance to work with him at this time.
"This ......"
Steve Burke couldn't make a decision and looked embarrassed, "Donn, his case...... I've been following it for more than half a year. The more you investigate and learn more, the more you will find that there is really a big problem here, and it is far from being a fault for the Japanese. ”
To put it bluntly, he is not optimistic that Michael Jackson will be able to pass this hurdle.
Tang En spread his hands with an indifferent expression, "If you can't handle it, then leave it to me." ”
"It's too risky!"
Steve Burke's face was ugly.
He also understands the value of Michael Jackson's two music companies.
If he really got through the danger, and NBC successfully acquired all the properties of Sony Entertainment and took over Sony Records. Michael Jackson will also create great value.
Risk...... Benefit......
The greater the risk, the greater the benefit, and it is difficult to choose!
Don said nonchalantly, "I'm not afraid, I told you a long time ago, I'm his fan." I'm willing to take risks for him and pay for him. ”
Steve Burke squeezed a smile out of his face.
Laughing is worse than crying!
It's hard to choose!
Give Don the chance?
It's good if Michael Jackson is really imprisoned forever, and the risk is up to Don to bear, and NBC can successfully dare Sony Entertainment's industry with Donn's help. At most, it is to lose the right to operate Michael Jackson's company, and there is not much interest anyway.
If a miracle happens, Michael Jackson is acquitted. Then Steve Burke cried, and letting Michael Jackson go would be the biggest failure of his career.
"Don, this matter ...... I'm going to think about it. Steve Burke pondered for a long time and said slowly.
Donn smiled: "The risk is directly proportional to the benefit. If you really wait until the court starts, or even when the judge is going to make a guilty verdict...... Even if you wanted me to take over, I wouldn't agree. ”
"I know!"
Steve Burke looked solemn.
。 m.