Lifestyle > Tha G-Spot
Michael Jackson's "Screw sony" Speech
The Big Bad Ass:
Sony blows.
Hatesrats™:
Fuck Sony raw with no Vasaline....
Fuck them for not seeing the greatest of all time...
Mj.
Peace
Hatesrats 2oo2
Sikotic™:
Thar's what you get when your mess with one of the greatest performers ever.
bez:
yer fuck em
Trauma-san:
He did do it pretty smart...
In 1985 or so, Paul McCartney told him the only way to make money, was to buy other people's song's publishing rights, because Paul had a company that did that. That's where all his money came from.
Same year, the beatles catalouge that paul and John had sold in 1971 to liquidate Apple Records came up for sale, Paul bid 20 million or so for the songs, Mike bid 25 million, and won them. So he bought every beatles song (well, almost every) for 25 million dollars. So, from that day forth, Paul got one forth the performance royalties, mike got all of the publishing royalties for writing the songs, even though he didn't write them. (the other performance royalties went to george, yoko, and ringo).
So, then Mike waits about 14 years, and sony wants them beatles tracks, BAD, for their Sony Publishing company. Mike owns ATV publishing, Paul owns MLP Publishing (McCartney, Linda, Paul). Paul's publishing company is the biggest in the world, he owns thousands of songs.
So, Sony offers Mike, HALF of their Publishing company, he retains half of each of his songs, and gets half of each of their songs. They also give him 90 million dollars to boot, this is in about 1996. That's the only way he'll give them his half of the beatles songs...
So, today, he owns half of sony's songs (their publishing company)... plus, he owns all his own masters, because he paid for all the albums himself, LOL. He's a genius. If he leaves their company, they still have to cut him a check for half of the royalties they make from their publishing company.
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