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Michael Jackson Question

Sony?

Umm this is embarressing to ask but like what is the story with mj and sony cuz I have NOOOOOOO Idea. Like what did sony do? I know he is like a greedy money person but what does he have to do with mj?cuz I dont get it...
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same here! could someone pls tell the true story?? <33
evanescence_ posted over a year ago
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Sony sucks monkey balls.
paloma97ppb posted over a year ago
 mjhott posted over a year ago
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Michael Jackson Answers

WhisperOfLove said:
There's a good article about this, here's a excerpt from it:

"The reason why INVINCIBLE is no longer being promoted by Sony Music is because the record company is fighting with Michael Jackson over a financial matter. A few years ago, as an advance on payments on the forthcoming sales of INVINCIBLE, Michael Jackson negotiated a loan from Sony Music, a common transaction between artists and record companies. In order to validate the loan, Michael Jackson had to put his ownership in the ATV Music Publishing catalog (including the 251-song Beatles’ catalog) as collateral. The ATV Music catalog was bought by Michael Jackson in 1985. In 1995, it was merged with Sony Music’s Sony Music Publishing catalog to become ATV/Sony Music Publishing. When merging his ATV catalog with Sony’s, Michael Jackson pocketed a sum estimated to be 95 million dollars. Today, Sony Music is pressuring Michael Jackson to refund the loan he took from them. And they have the means to do so. The problem is that Sony Music are simultaneously preventing Michael Jackson from repaying the money he owes them by sabotaging the promotion of the INVINCIBLE album, Jackson’s main source of income to refund the loan."

Read the full article here:
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posted over a year ago 
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Exactly + $ony is money-hungry. They hate to invest money into new projects. Michael was not let to fulfill his visions because the costs would have been to high. So, there were arguments between Michael and $ony.
WithAChildHeart posted over a year ago
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