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Новости прессы, связанные с Майклом Джексоном и хоаксом./All the latest news related to Michael Jackson and the hoax.

Финансы Майкла Джексона / Michael Jackson's Money

Как Майкл заработал миллиард после своей смерти

#11  Сообщение Admin » 30 янв 2013, 19:29

How Michael Jackson Made $1 Billion Since His Death
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It may be unseemly to say, but it's sadly true: Michael Jackson might be worth more dead than alive. Thanks in part to a lucrative new record deal with Sony Music that extends through 2017 and the most successful concert film of all time, Billboard estimates that MJ Inc. has generated at least $1 billion in revenue in the year following his death. Through interviews with industry experts and our own number-crunching, Billboard examines the various music-based revenue streams that have flowed into the Jackson estate in the past 12 months.
Film/TV


Value: $392 million


Sony Pictures bought Jackson's rehearsal footage from AEG for $60 million. In retrospect, the price was something of a bargain. "Michael Jackson: This Is It" was released Oct. 28, 2009, and earned $72 million at the U.S. box office, according to BoxOfficeMojo.com, making it the highest-grossing concert film in history.

Overseas, the film earned $188 million at the box office; of that, $56 million was tallied in Japan alone. After AEG recouped the company's investment of more than $35 million in the canceled shows at London's O2 and the film, the bulk of the theatrical take-court documents indicate it could be as high as 90%-went to Jackson's estate.

On the home video front, the "This Is It" DVD has earned $43 million in U.S. sales, with 2.7 million units sold since its Jan. 26 release, according to The-Numbers.com, a division of Nash Information Services. Nash estimates the film made another $25 million in rental revenue.

In Japan-where the film was also sold as part of a special "This Is It" bundle for the PlayStation 3-DVD sales topped $18 million on its first day of release; 351,000 Blu-ray copies have been sold, according to rankings service Oricon, adding about $7 million to the total.

In terms of TV, the industry standard is that exclusive rights for ad-supported TV costs 12% of the domestic box office for a four-year window; this rule of thumb is in flux, however, as the length of exclusive windows extend and the number of outlets involved in the deals increase. In November 2009, Viacom purchased the exclusive U.S. TV rights to air "This Is It" on its MTV and BET family of networks-including VH1 and Palladia, as well as MTV and BET-for six years. Given the additional years in the contract and the film's box-office tally, the deal could be worth upwards of $15 million. (By contrast, FX is reported to have paid between $25 million and $30 million for just the U.S. commercial TV rights to "Avatar.")

With its family-friendly PG rating, "This Is It" can be shown in all distribution mediums outside of traditional theaters, including airplanes, cruise ships and hotel chains. Licensing fees for nontheatrical performances vary based on the movie and its potential reach and how long it will air after it debuts in theaters, but it's generally forecast to be about 7% of total revenue for a film. For "This Is It," that puts the number at $24 million.
Music Publishing


Value: $130 million


Jackson's music publishing company, Mijac, is administered by Warner/Chappell. Based on a reported value for Mijac of at least $75 million in 2005, Billboard estimates Mijac currently has a value of around $150 million. At that value, it generates about $25 million per year in revenue. In the last 12 months, according to sources, that number could have doubled to as much as $50 million.

Jackson also owns half of Sony/ATV, formed in 1995 when Sony paid Jackson $90 million for 50% of ATV Music Publishing. Barry Massarsky of Massarsky Consulting says that Sony/ATV is comparable to BMG Music Publishing two years ago when Universal Music Group acquired it for $2 billion. Massarsky estimates Sony/ATV is worth about 80% of BMG at the time of acquisition, or $1.6 billion. Jackson's share is half that, or $800 million. Based on a multiple of eight to 10 times net publisher's share, Jackson's share of the company's revenue is $80 million per year.
Licensing/Touring


Value: $35 million


Despite being canceled, the 50-show This Is It tour at London's O2 paid big dividends. Revenue from tickets retained by fans as souvenirs and not refunded brought in an estimated $6.5 million, and Bravado's This Is It concert merchandise brought in $5 million, both less AEG's share.

An AEG-produced Jackson memorabilia exhibit is showing in Japan and has brought in another estimated $3.5 million to the estate. Plans call for the exhibit to head to China.

Last August, Bravado followed its AEG/This Is It merch deal with a new pact with the Jackson estate that included a $10 million advance, sources say.

Based on conversations with insiders, Billboard estimates licensing royalties and retail sales accounted for another $10 million in revenue to the Jackson estate. Actual retail sales were far greater.

This week, gaming company Ubisoft announced it will release a dance-oriented Jackson videogame in time for the holiday season. Licensing fees weren't disclosed.

Finally, sources say there wasn't any advance on royalties and no guarantees paid for the estate's two-pronged deal with Cirque du Soleil for a tour and a Las Vegas residency, a deal structure in line with past Cirque tributes to the Beatles and Elvis Presley. After startup costs are shared by the estate and Cirque, revenue will come from box-office receipts and other ancillaries associated with the projects.

The financial tragedy here is what might have been. Billboard reported before Jackson's death that the O2 shows would gross up to $100 million and merch possibly another $15 million. Beyond that, AEG had a 36-month global touring plan in place with Jackson had the run successfully been completed
Recording Contract


Value: $31 million


In March, Sony Music Entertainment reached a deal with Jackson's estate to release 10 albums of the singer's music through 2017. The albums' content will vary-a collection of previously unreleased tracks is expected in November and a reissue of Epic's 1979 release of "Off the Wall" is anticipated next year. All told, the estate is guaranteed between $200 million and $250 million for the deal. Some of that amount was likely paid in an advance. No albums have yet been released, however. If just one of the contract's eight years is recognized, that would add $31 million to the money the estate received in the last 12 months. At the time of the deal, John Branca, who serves as special administrator for the estate alongside John McClain, said that Elvis is the model for Jackson's legacy. "To this day, there's interest in Elvis," he said. "And I think there will be enduring interest in Michael. It's our job to continue to expose Michael to new generations."

Reporting by Ed Christman, Ann Donahue, Gail Mitchell, Glenn Peoples and Ray Waddell.

http://www.billboard.com/articles/news/ ... page=0%2C4
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За четыре года после своей смерти Майкл Джексон «заработал»

#12  Сообщение TMJ » 23 май 2013, 06:10

За четыре года после своей смерти Майкл Джексон «заработал» больше, чем за все полвека жизни
Посмертные заработки короля эстрады уже составили 600 миллионов долларов
Майкл Джексон, если судить по количеству нолей в заработках, и сейчас живее всех живых. За четыре года, миновавшие после смерти, он заработал свыше 600 миллионов долларов. Огромная сумма складывается из продаж билетов на представление цирка «Дю солей» «Майкл Джексон», доходов от фильма с нарезкой кадров из концертов певца ThisIsIt и от много другого, рассказал Джон Бранка, один из душеприказчиков его состояния. Кассовые сборы на фильмы и представления, связанные с покойным исполнителем, «тянут» почти на треть миллиарда. Кроме этого, у Майкла почти 60 миллионов друзей в Facebook, а его мелодии лучше всех продаются на iTunes. Неплохо раскупаются и альбомы Джексона. После его смерти в 2009 году их было продано более 50 миллионов.
Перед смертью у Майкла Джексона накопилось долгов примерно на полмиллиарда долларов. Для того, чтобы рассчитаться с кредиторами, Джексон продолжал занимать деньги, выставляя в качестве залога свои активы. Самым стоящим были его права на песни «Битлз», купленные им за 47,5 миллионов долларов. Позднее он внес их в созданную совместно с издательским подразделением фирмы Sony компанию SonyATV. 50% ее акций до сих пор принадлежат наследникам Майкла Джексона.
Джексон завещал 20% своего состояния благотворительным организациям, 40% - детям и оставшиеся 40% - матери. Принц Майкл, Пэрис и Майкл младший, дети покойной звезды, имеют право также продавать его личные вещи, которые сейчас находятся в пяти складах. Правда, лишьподостижениисовершеннолетия.
Речь идет, пишет Independent, о коллекции машин, которую Майкл Джексон собирал три десятилетия, антиквариате и видеоиграх из ранчо Неверленд, черной куртке с блестками, в которой он снимался в клипе BillieJean, и многом другом.
http://komi.kp.ru/daily/26079/2983835/
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Re: За четыре года после своей смерти Майкл Джексон «заработал»

#13  Сообщение Admin » 23 май 2013, 18:27

TMJ писал(а): и сейчас живее всех живых.

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Re: За четыре года после своей смерти Майкл Джексон «заработал»

#14  Сообщение TMJ » 24 май 2013, 06:35

admin писал(а):
TMJ писал(а): и сейчас живее всех живых.

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Я знала,что именно на это внимание обратите))))
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Майкл Джексон оставил наследникам миллионные долги

#15  Сообщение TMJ » 14 авг 2013, 07:39

Майкл Джексон оставил наследникам миллионные долги

Известный исполнитель Майкл Джексон в последние годы жизни тратил больше средств, чем получал, сообщил аудитор компании AEG. После смерти певца долговые обязательства возросли почти до 500 миллионов долларов
Согласно детальному финансовому анализу состояния Майкла Джесона, который подготовил нанятый компанией AEG аудитор, певец тратил свои доходы на благотворительные пожертвования, подарки, путешествия, на покупку предметов искусства и роскоши.
Известное ранчо Джексона Neverland - с зоопарком, поездом и другими развлечениями - составляло огромную статью расходов в бюджете певца. Крупными расходами также стали платежи по кредитам в 30 миллионов долларов, проценты за которые выросли с 7 до 16,8%.
По словам аудитора, в 1993 году Джексон задолжал порядка 30 миллионов, к 1998 году его долги составили 140 миллионов, с 2001 по 2009 год сумма долгов возросла до 170 миллионов. После смерти долги Джексона возросли от 400 до порядка 500 миллионов долларов.
- Майкл Джексон перед смертью заявлял, что его убивают промоутеры
Показания аудитора были оглашены в суде, рассматривающем иск семьи умершего короля поп-музыки к компании-организатору его последнего гастрольного тура AEG Live. Процесс начался в апреле, когда мать Майкла Джексона подала иск в высший суд Лос-Анджелеса, обвинив AEG Live в неосмотрительном выборе личного врача Джексона, а также в оказании слишком большого давления на певца во время репетиций.
Мать Майкла Джексона - Кэтрин Джексон потребовала от компании 40 миллиардов долларов компенсации за несостоявшиеся концерты и другие утраченные доходы, которые мог бы заработать певец, если бы остался жив.
Ранее сын певца, Принц Майкл-младший, рассказал, что его отца перед туром часто тревожили по телефону - чаще всего это был глава AEG Live Рэнди Филлипс. "Иногда Майкл Джексон плакал. Он говорил: "Они убьют меня. Они убьют меня". Когда его спрашивали, кто это, он отвечал: "Люди из AEG. Рэнди Филлипс", - рассказал он.
Джексон скончался 25 июня 2009 года на 51-м году жизни от передозировки сильнодействующими препаратами. Певец был похоронен на мемориальном кладбище Форест-Лоун.
В конце ноября 2011 года американский суд приговорил его личного врача Конрада Мюррея к четырем годам тюрьмы за непредумышленное убийство. По версии следствия, он дал музыканту чрезмерную дозу пропофола, который во взаимодействии с другими лекарствами, в том числе успокоительными, стал причиной гибели певца.
Обвинение также утверждало, что врач знал о зависимости Джексона от прописанных им медикаментов, но не предпринял достаточных мер для того, чтобы помочь пациенту от нее избавиться.
В материале использована информация РИА Новости и открытых источников.
Читать полностью: http://rus.ruvr.ru/news/2013_08_13/Majk ... olgi-4600/
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Re: Майкл Джексон оставил наследникам миллионные долги

#16  Сообщение MagicalLove » 14 авг 2013, 12:35

Простите великодушно, но в бред с долгами я не верю icon_no
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you are in my heart forever icon_colorfulherats

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Re: Майкл Джексон оставил наследникам миллионные долги

#17  Сообщение Белая роза » 14 авг 2013, 15:34

LiberianGIRL писал(а):Простите великодушно, но в бред с долгами я не верю icon_no


Честно говоря я тоже не верю в эту небылицу. У Майкла всегда денег было предостаточно...

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Re: Разные интересные статьи

#18  Сообщение Liberian Girl » 06 ноя 2013, 00:47

Michael Jackson Earning Millions Dead or Alive
Michael Jackson is number 1 in the list of top earning dead celebrities

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The Michael Jacksons of this world earn it big when alive but even bigger when dead. According to the Forbes magazine Michael Jackson’s income for the fiscal year June 2012 to June 2013, was $160 million. The amazing fact is that he grosses more than two times than a living celebrity, which happens to be no other than our beloved Material Girl, Madonna.This in not the first time though that a dead celebrity has grossed earnings more than those alive. In the recent past Elizabeth Taylor also achieved this feat with a whopping $210 million.

Michael Jackson, Elvis, Bob Marley are the notable celebrities that made it to the list of the most earning celebrities from the grave, but there were some close misses as well, as the likes of James Dean, Andy Warhol and George Harrison narrowly failed to make the list this year round.

This goes on to show the earning potential of these mega stars whether dead or alive. In fact, it is, in a sense, ironic that Jenni Rivera, a Mexican-American singer who died in a plane crash in December 2012, also made it to the top five earners of the year 2013. Ironic because she did not earn really as much alive than as she is doing now dead and buried.

Majority of the earnings of Michael Jackson come from Cirque du Soleil shows, that are almost always sold out and his music albums. Michael Jackson, the “king of pop,” earned more this year than Elvis Presley, the “king of rock.” Elvis Presley’s earnings are estimated to be $55 million. Madonna, a living celeb, earned $66 million.

Another celebrity that shows prominently on the list of big earners of 2013 is the legendary reggae singer Bob Marley. Once the ambassador of Rastafarianism throughout the world, Bob Marley earned a staggering $18 million in his posthumous earnings this year.

Charles Schultz, the creator of the world famous comic strip Peanuts, another dead celebrity, according to Forbes, grossed $37 million.

Speaking of big bucks, let’s not forget the Beatles, whose estimated earnings for the fiscal year 2012 to 2013 are approximately $71 million.

To talk about all these millions is also sad because we live in a world where nearly half the living population earns less than $1 a day. This illustrates two extremes of those under the poverty line and those who make exorbitant sums of money.

The present situation makes this author remember a famous line from a hit song by Jon Bon Jovi, “I am wanted, dead or alive.” So to say these dead celebrities are still posthumously making offensive sums of money, while there are millions living among us who are starving and would kill or get killed for much less. It is a paradox but one that we all have to deal with in our own way. Some by cursing our luck and others by abusing the capitalistic system and the insane societies we live in.

Any which way you look at it, it is sad situation that the living, especially in the poor countries of this world are barely able to, literally, scrape out a living for themselves and their loved ones on the one hand and while their are these dead celebrities who have no apparent need for money in their graves, rolling in millions, on the other.

Я готова верить, но надо знать во что!

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Re: Разные интересные статьи

#19  Сообщение Trueamore » 09 июн 2014, 23:45

Over His Dead Body: From $500 Million In Debt, To $1.5 Billion In Wealth. See How Money Was Made Off Micheal Jackson’s Death

It has been five years since Michael Jackson, the undisputed King Of Pop, was found dead upon the bed of his $100,000-a-month rented mansion in Los Angeles. At just 50 years old, the haunted genius, whose music defined a generation, was pronounced dead from an overdose of prescription drugs at the UCLA Medical Center on June 25, 2009.
As his millions of devastated fans mourned, the police investigation into his death unfolded slowly

But if the Jackson family and his worldwide followers hoped that the story would end with the trial of Dr Conrad Murray, Michael’s personal physician, who was convicted of involuntary manslaughter in November 2011, they were disappointed. Michael was not to be allowed to rest in peace quite so quickly.

The simple truth is this: the most extraordinary fact about Michael Jackson’s death is that it made him the highest-earning corpse in the world.

Before he died, he was $500 million in debt. Now his estate’s vast fortune, estimated at $1.5 billion, eclipses the wealth spawned even by Elvis Presley. Last year, Forbes magazine revealed that he had regained his number-one spot in the list of top-earning dead celebrities, raking in $160 million between October 2012 and October 2013.

(This compares with $125 million for Madonna, who’s still with us, and easily exceeds Elvis Presley’s $55 million).
John Branca, co-executor of the Michael Jackson estate, admitted to journalist Robin Leach in June 2013 that Michael was now worth much more than he was when alive.

‘He’s made more money in the four years since his death than he made during his lifetime,’ Branca said.

‘Since he died, he’s sold 50 million albums and is still the biggest-selling artist on iTunes.’

But the details of this vast wealth are tortuously complex and remain highly controversial.

When his estate released a new album, Xscape, last month, featuring a duet with Justin Timberlake and other material recorded in 2001, it topped the charts both in the US and the UK. It was panned musically but, more tellingly, critics accused Xscape’s producers of exploiting Michael’s legacy simply from greed.

One headline, from the popular Daily Beast website, thundered: ‘Michael Jackson’s posthumous album Xscape is a confused, shameless money-grab.’

The eleventh album released since Michael’s death was a cash cow, critics claimed.

Quincy Jones, who produced Thriller, Bad and Off The Wall, went further. In a hard-hitting interview with the Canadian Broadcasting Corporation, he concluded: ‘They’re trying to make money and I understand it.

‘It’s about the money. The estate, the lawyers you know… it’s about the money.’

Frank Dileo insisted that Michael never released certain songs because they were not up to his incredibly high standards.

‘Michael was a stickler,’ he said. ‘Unless it was incredible, he would never consider putting it out. I fear that the people who exploited Michael while he was alive are now conspiring to make as much money [as they can] off him in death. It’s not the way Michael would have wanted it.’

It was only weeks after Michael’s death that the co-executors of his estate, John Branca and John McClain, made headlines for beginning lucrative major merchandising deals.

There was an extension of the contract with Sony from 2015-2017 (allegedly worth $250 million); a documentary, This Is It, which became the highest-grossing documentary or concert movie of all time, with earnings of more than $260 million worldwide, and two blockbuster shows with Cirque du Soleil which have grossed $300 million since opening in 2012.

All that set the wheels in motion to clear Michael’s huge debt. For years, his finances had been under strain. Yet in the first 12 months after his death, Michael sold more than 8.2 million albums in the US and a total of 35 million worldwide.

Posthumously, three of his albums sold more than any new album.

The result was earnings of around $600  million – easily eclipsing the debt of $500 million he had when he died.

But although the debt had been paid off, the gold rush triggered desperate infighting among his family. In July 2012, his sister Janet Jackson and four other siblings – Rebbie, Jermaine, Tito and Randy – sent a stern letter to the estate accusing them of misappropriating finances and of abusing the Jackson family matriarch, Katherine Jackson.

The letter didn’t mince words. ‘We know there is most certainly a conspiracy surrounding our brother’s death and now coarse manipulation and fear are being used to cover it up,’ they wrote.

‘Your heartless pursuit of wealth, fame and power is at the expense of our family, whose deepest desire is to give to the world a gift of hope, love and unity through our music.’

Janet and her siblings also questioned the authenticity of the July 7, 2002, will that Michael signed in Los Angeles. The Jacksons alleged that Michael was actually in New York City that day. In the letter, they referred to the will, saying that ‘without question, it’s fake, flawed and fraudulent’.

However, it has never been proved that the will was fake, and executors Branca and McClain have been quick to respond to the sensational allegations, vehemently denying any wrongdoing.

(Branca had filed Jackson’s will in Los Angeles on July 1, 2009, which was initially contested by Michael’s mother Katherine, but she later withdrew her objections.)

As well as alleging that the 2002 will was not valid, the Jackson family said Michael would not have wanted Branca and McClain to be the executors.

But estate spokesman Jim Bates said: ‘We are saddened that false and defamatory accusations grounded in stale internet conspiracy theories are now being made by certain members of Michael’s family whom he chose to leave out of his will.

‘We are especially disheartened that they come at a time when remarkable progress has been made to secure the financial future of his children by turning around the estate’s finances as well as during a time when so many of Michael’s fans, old and new, are enjoying his artistry through exciting new projects.’

In fact, Katherine receives an annual allowance of $1.3 million and has taken out a $6 million loan.

Michael’s three children are paid a $3 million allowance annually. In 2012, the family rented another home for $26,000 a month while their main home was being renovated. Storage and moving fees alone that year were a startling $806,872.52.

Then, in April 2013, Michael’s family also sued the concert promoter AEG Live, which had asked him to perform the 50 shows.

They asked for $40 billion (£25.8 billion) in damages, claiming the group negligently hired Dr Murray as his personal doctor and ignored signs that Michael was in poor health before he died.

A jury in Los Angeles exonerated AEG, finding that they played no part in his death.

But the battles over his value did not stop. As is so often the case when a star dies, nobody really knows which stories about their often enigmatic and mysterious lifestyle to believe.

And of no one has this been more true than Michael.

Eyebrows were raised in February 2014 when the Internal Revenue Service accused his estate of submitting a false tax return, valuing Michael at the time of his death at just $7 million. His ‘likeness’ was valued at just $2,105 and his interest in his music at zero.

Yet through the agreement with Sony, he still owned rights to many of the songs in The Beatles’ back catalogue.

Not surprisingly, the IRS had a completely different perspective, valuing Michael’s likeness at $434 million and his percentage interest in the music catalogues at $469 million.

Once again, Michael’s family and his fans were confused by the conflicting reports. How sad that after so many tough financial years for Michael before he died, the money was pouring in once he had left us.

The intolerable pressure on Michael in the run-up to his death, from his ailing health and his financial woes, is clear from his ramblings to his manager.

Dileo said: ‘Just a few weeks before Michael died he told me he thought someone would kill him. I thought he was being overly paranoid.

‘He told me there were people out there who wanted him dead. He said he didn’t think he would live too long and that if anything happened to him he wanted me to know he loved me.’

Yet who was looking out for him? Here was a guy who was deeply paranoid, severely unwell and under unimaginable financial pressure.

Kenny Ortega, director of the documentary This Is It, described Michael in his final days as ‘incoherent’, saying: ‘My friend wasn’t right. There was something going on that was deeply troubling me.’

Brian Oxman, the longstanding attorney to the Jackson family, has admitted to me: ‘All I heard during the final weeks of Michael’s life was that he was missing rehearsal, he could not rehearse. What you saw in the movie [This Is It] was not an accurate reflection of what was really taking place.’

Michael Jackson was undoubtedly a deeply troubled and tormented man. His final years were riddled with debt and extensive drug abuse. What a desperate irony that his financial managers have performed so much better after his death than before.



http://www.360nobs.com/2014/06/over-his ... ons-death/

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#20  Сообщение Trueamore » 09 июн 2014, 23:56

How the king of pop made $1.5bn over his dead body: In his final days Michael Jackson was awash with debt. Five years on, who is raking in his posthumous fortune?

By SPECIAL REPORT BY IAN HALPERIN

I still find it hard to believe that it is five years since Michael Jackson, the undisputed King Of Pop, was found dead upon the bed of his $100,000-a-month rented mansion in Los Angeles.

At just 50 years old, the haunted genius, whose music defined a generation, was pronounced dead from an overdose of prescription drugs at the UCLA Medical Center on June 25, 2009.

As his millions of devastated fans mourned, the police investigation into his death unfolded slowly.

But if the Jackson family and his worldwide followers hoped that the story would end with the trial of Dr Conrad Murray, Michael's personal physician, who was convicted of involuntary manslaughter in November 2011, they were disappointed. Michael was not to be allowed to rest in peace quite so quickly.

I had publicly predicted on December 24, 2008, that Michael would probably die within six months.

Six months and one day later, the King of Pop was indeed dead, leading the New York Post to describe me as a modern-day Nostradamus.

I wasn't proud of my eerily accurate prediction. Originally, I intended it to serve as a wake-up call, in the hope that Michael could get the help he needed.

I urged his minders to get him the proper medical treatment he deserved. Instead, they booked him for 50 shows, a task that would be monumental for even the healthiest 50-year-old rock star to complete, let alone Michael, who was known to have suffered for years from multiple physical ailments.

Now, as the fifth anniversary of his death approaches, I wish I hadn't made that prediction. It has contributed to an ever-growing number of conspiracy theories that mean he cannot rest in peace.

Indeed, such is the lure of these that many close to him refuse to accept the truth about his death.

Michael's closest confidante, Elizabeth Taylor, insisted privately that something was amiss. She surmised that 'wacko Jacko', as he was in my view unfairly called, was always going to be worth more in a shroud than he ever was moon-walking in a spangled jumpsuit.

Frank Dileo, Michael's cigar-chomping, larger-than-life manager, was also taken in by the bizarre claims. The legendary music mogul - an affable character who was Michael's life-long companion - was blunt. Michael, he believed, was the 'victim of foul play'. Dileo died in 2011, following complications after heart surgery, but gave me his final interview. Teary and emotional, he made a series of wild allegations that have never before been published.

'It's clear Michael was worth more dead than alive,' he told me, choking back tears. But he added: 'I can assure you Conrad Murray is not the only person who should stand trial.'

I dismissed Dileo's allegations as an emotion-driven, somewhat maudlin conspiracy theory.

Another of Michael's long-time friends who bought into the conspiracy theory was television personality Geraldo Rivera. And although I have written off his wilder allegations, one remains intriguing. Shortly after Michael died, I appeared on Geraldo's show. After the credits had rolled, he ordered one of his staffers to hand me over a pile of receipts for prescription drugs made out to the singer by doctors. I was stunned. Prescriptions were made out to Michael for a range of painkillers and sedatives, including Demerol and Lidocaine. Rivera told me he was not surprised Michael was found dead.

'There were a lot of enablers around him,' Rivera said. 'Nobody stepped in to get him the help he needed. His doctors enabled him, his friends enabled him. Michael was addicted to drugs. He needed proper medical attention. I call on the authorities to go after these guys. These are pimps for pills.'

The simple truth is this: the most extraordinary fact about Michael Jackson's death is that it made him the highest-earning corpse in the world. Before he died, he was $500 million in debt. Now his estate's vast fortune, estimated at $1.5 billion, eclipses the wealth spawned even by Elvis Presley.

Last year, Forbes magazine revealed that he had regained his number-one spot in the list of top-earning dead celebrities, raking in $160 million between October 2012 and October 2013. (This compares with $125 million for Madonna, who's still with us, and easily exceeds Elvis Presley's $55 million).

John Branca, co-executor of the Michael Jackson estate, admitted to journalist Rob in Leach in June 2013 that Michael was now worth much more than he was when alive.

'He's made more money in the four years since his death than he made during his lifetime,' Branca said. 'Since he died, he's sold 50 million albums and is still the biggest-selling artist on iTunes.'

But the details of this vast wealth are tortuously complex and remain highly controversial.

When his estate released a new album, Xscape, last month, featuring a duet with Justin Timberlake and other material recorded in 2001, it topped the charts both in the US and the UK.

It was panned musically but, more tellingly, critics accused Xscape's producers of exploiting Michael's legacy simply from greed. One headline, from the popular Daily Beast website, thundered: 'Michael Jackson's posthumous album Xscape is a confused, shameless money-grab.' The eleventh album released since Michael's death was a cash cow, critics claimed. Quincy Jones, who produced Thriller, Bad and Off The Wall, went further. In a hard-hitting interview with the Canadian Broadcasting Corporation, he concluded: 'They're trying to make money and I understand it. It's about the money. The estate, the lawyers you know... it's about the money.'

Frank Dileo insisted that Michael never released certain songs because they were not up to his incredibly high standards. 'Michael was a stickler,' he said. 'Unless it was incredible, he would never consider putting it out. I fear that the people who exploited Michael while he was alive are now conspiring to make as much money [as they can] off him in death. It's not the way Michael would have wanted it.'

It was only weeks after Michael's death that the co-executors of his estate, John Branca and John McClain, made headlines for beginning lucrative major merchandising deals. There was an extension of the contract with Sony from 2015-2017 (allegedly worth $250 million); a documentary, This Is It, which became the highest-grossing documentary or concert movie of all time, with earnings of more than $260 million worldwide, and two blockbuster shows with Cirque du Soleil which have grossed $300 million since opening in 2012.

All that set the wheels in motion to clear Michael's huge debt. For years, his finances had been under strain. Yet in the first 12 months after his death, Michael sold more than 8.2 million albums in the US and a total of 35 million worldwide. Posthumously, three of his albums sold more than any new album.
The result was earnings of around $600  million - easily eclipsing the debt of $500 million he had when he died.

But although the debt had been paid off, the gold rush triggered desperate infighting among his family. In July 2012, his sister Janet Jackson and four other siblings - Rebbie, Jermaine, Tito and Randy - sent a stern letter to the estate accusing them of misappropriating finances and of abusing the Jackson family matriarch, Katherine Jackson. The letter didn't mince words. 'We know there is most certainly a conspiracy surrounding our brother's death and now coarse manipulation and fear are being used to cover it up,' they wrote. 'Your heartless pursuit of wealth, fame and power is at the expense of our family, whose deepest desire is to give to the world a gift of hope, love and unity through our music.'

Janet and her siblings also questioned the authenticity of the July 7, 2002, will that Michael signed in Los Angeles.

The Jacksons alleged that Michael was actually in New York City that day. In the letter, they referred to the will, saying that 'without question, it's fake, flawed and fraudulent'.

However, it has never been proved that the will was fake, and executors Branca and McClain have been quick to respond to the sensational allegations, vehemently denying any wrongdoing.
(Branca had filed Jackson's will in Los Angeles on July 1, 2009, which was initially contested by Michael's mother Katherine, but she later withdrew her objections.)

As well as alleging that the 2002 will was not valid, the Jackson family said Michael would not have wanted Branca and McClain to be the executors. But estate spokesman Jim Bates said: 'We are saddened that false and defamatory accusations grounded in stale internet conspiracy theories are now being made by certain members of Michael's family whom he chose to leave out of his will.

'We are especially disheartened that they come at a time when remarkable progress has been made to secure the financial future of his children by turning around the estate's finances as well as during a time when so many of Michael's fans, old and new, are enjoying his artistry through exciting new projects.'

In fact, Katherine receives an annual allowance of $1.3 million and has taken out a $6 million loan. Michael's three children are paid a $3 million allowance annually. In 2012, the family rented another home for $26,000 a month while their main home was being renovated. Storage and moving fees alone that year were a startling $806,872.52.

Then, in April 2013, Michael's family also sued the concert promoter AEG Live, which had asked him to perform the 50 shows. They asked for $40 billion (£25.8 billion) in damages, claiming the group negligently hired Dr Murray as his personal doctor and ignored signs that Michael was in poor health before he died. A jury in Los Angeles exonerated AEG, finding that they played no part in his death.
But the battles over his value did not stop. As is so often the case when a star dies, nobody really knows which stories about their often enigmatic and mysterious lifestyle to believe.

And of no one has this been more true than Michael.

Eyebrows were raised in February 2014 when the Internal Revenue Service accused his estate of submitting a false tax return, valuing Michael at the time of his death at just $7 million. His 'likeness' was valued at just $2,105 and his interest in his music at zero.

Yet through the agreement with Sony, he still owned rights to many of the songs in The Beatles' back catalogue.

Not surprisingly, the IRS had a completely different perspective, valuing Michael's likeness at $434 million and his percentage interest in the music catalogues at $469 million. Once again, Michael's family and his fans were confused by the conflicting reports. How sad that after so many tough financial years for Michael before he died, the money was pouring in once he had left us.

The intolerable pressure on Michael in the run-up to his death, from his ailing health and his financial woes, is clear from his ramblings to his manager. Dileo said: 'Just a few weeks before Michael died he told me he thought someone would kill him. I thought he was being overly paranoid.

'He told me there were people out there who wanted him dead. He said he didn't think he would live too long and that if anything happened to him he wanted me to know he loved me.'

Yet who was looking out for him? Here was a guy who was deeply paranoid, severely unwell and under unimaginable financial pressure.

Kenny Ortega, director of the documentary This Is It, described Michael in his final days as 'incoherent', saying: 'My friend wasn't right. There was something going on that was deeply troubling me.'

Brian Oxman, the longstanding attorney to the Jackson family, has admitted to me: 'All I heard during the final weeks of Michael's life was that he was missing rehearsal, he could not rehearse. What you saw in the movie [This Is It] was not an accurate reflection of what was really taking place.'

Michael Jackson was undoubtedly a deeply troubled and tormented man. His final years were riddled with debt and extensive drug abuse. What a desperate irony that his financial managers have performed so much better after his death than before.



http://www.dailymail.co.uk/news/article ... rtune.html

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