Pascal09
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http://www.thisismoney.co.uk/market...d=493134&in_page_id=3&position=moretopstories
Andrew Leach, Mail on Sunday
8 November 2009, 4:22pm
Three UK businessmen who believe Michael Jackson's most successful years may be ahead of him have snapped up the rights to some of his earliest recordings from under the noses of the giants of the music world.
Jackson has just been named the third highest-earning dead celebrity, making £54m since his death in June. He joins a list of music stars amassing fortunes years after they passed away that includes Elvis Presley and John Lennon.
The future potential earning power of the King of Pop convinced businessmen Edward Adams, Robert Stansfield and Ray Santilli to contact his family and secure the rights to one of the first recordings of a seven-year-old Jackson with his brothers in the Jackson 5.
In 1966, the group recorded a dozen songs - including their first single Big Boy and the Tamla Motown classic Tracks Of My Tears - for Steeltown, a record label based near the family home in Gary, Indiana.
Santilli, who with his partners is behind music company Red Note Media, said that until Jackson's death, the tracks had been of curiosity value only. But they were now seen as valuable historical recordings.
'We knew about them and approached Jackson's father, Joe, and his lawyer and were able to move quickly to conclude the deal ahead of interest from music majors such as Warner and Universal,' said Santilli. He would only say they paid a 'large sum' for the rights.
P.S: i hope they don't sart MJ's personal properties (taken from Mj's mansion after his death). This is what will happen if Joe is in charge of the estate. Secret deals. After all these, he still wants money from the estate.
Andrew Leach, Mail on Sunday
8 November 2009, 4:22pm
Three UK businessmen who believe Michael Jackson's most successful years may be ahead of him have snapped up the rights to some of his earliest recordings from under the noses of the giants of the music world.
Jackson has just been named the third highest-earning dead celebrity, making £54m since his death in June. He joins a list of music stars amassing fortunes years after they passed away that includes Elvis Presley and John Lennon.
The future potential earning power of the King of Pop convinced businessmen Edward Adams, Robert Stansfield and Ray Santilli to contact his family and secure the rights to one of the first recordings of a seven-year-old Jackson with his brothers in the Jackson 5.
In 1966, the group recorded a dozen songs - including their first single Big Boy and the Tamla Motown classic Tracks Of My Tears - for Steeltown, a record label based near the family home in Gary, Indiana.
Santilli, who with his partners is behind music company Red Note Media, said that until Jackson's death, the tracks had been of curiosity value only. But they were now seen as valuable historical recordings.
'We knew about them and approached Jackson's father, Joe, and his lawyer and were able to move quickly to conclude the deal ahead of interest from music majors such as Warner and Universal,' said Santilli. He would only say they paid a 'large sum' for the rights.
P.S: i hope they don't sart MJ's personal properties (taken from Mj's mansion after his death). This is what will happen if Joe is in charge of the estate. Secret deals. After all these, he still wants money from the estate.
