Rasta Pasta
Proud Member
Big Apple 2 that Martin Bandier article was a great find.. thanks
Squelching a rumor about a music deal
A bit of drama at Billboard's Music & Money Symposium Thursday afternoon:
During a generally downbeat assessment of the state of the music publishing market, Martin Bandier, chairman and CEO of Sony/ATV Music Publishing, mentioned that some great properties are for sale, notably the Rodgers and Hammerstein catalogue. Like an offstage plant, someone in the audience yelled out, "It's been sold!"
Something resembling polite pandemonium ensued. Bandier and others on the panel began looking at each other. A number of those in attendance demanded confirmation. Some agreed it had. Others were skeptical. "Has it closed?" Bandier asked. No one could say for sure, although a lot of individuals appeared to be looking at their BlackBerries for help.
In the rumble of conflicting voices, one of those who believed a sale really had taken place muttered that she knew who the buyer was. "De Raaff," she said, somewhat sotto voce. Nothing more was gained from the outburst, and the panel resumed its none-too-happy talk.
On Friday, I called Andre de Raaff, who heads the Amsterdam-based CP Masters. Through a partnership called "Imagem," CP Masters has been aggressively buying up catalogues, thanks to a €425 million ($538 million) funding from the Dutch pension fund ABP. Most notably, CP Masters paid £126 million (178 million) last year for Boosey & Hawkes, one of the biggest classical music catalogues in the world.
When I told de Raaff the story, he laughed. "A lot of people are looking including ourselves," he said. "These rumors keep getting bigger and bigger. Yes, I've been talking with those people, but I'm not the only one."
The Rodgers and Hammerstein property forms a major chunk of the Great American Songbook. Housed in a division of the Rodgers and Hammerstein Organization called Williamson Music, the catalogue contains perennial favorites from the authors of "South Pacific," "Oklahoma!" and "The Sound of Music," as well as a host of other writers including Andrew Lloyd Weber, Jerome Kern and Adam Guettel. Williamson owns some copyrights and merely administers others.
Rumors of an auction broke in early September, with the list of perspective buyers including Sony/ATV as well as the other majors: EMI Group Ltd., Universal Music Group (EPA:VIV) and Warner Music Group Corp. (NYSE:WMG). Some suggested the price could eclipse $200 million. However, that number came just before the Lehman Brothers Holdings Inc. bankruptcy. As Bandier's panel expressed over and over again, no one really knows what music publishing valuations are these days, especially since some of the froth in the market came from private equity players who now may want to sell, not buy.
De Raaff, for his part, said he's looking not just at Rodgers and Hammerstein but other companies as well. It all comes down to pricing, he said. De Raaff assured us he would "shout it from the rooftop" if he gained possession of the Rodgers and Hammerstein catalogue. More like sing it from the hills. - Matt Miller
thanks for those very good articles, Ms Mo...
and lets keep our fingers crossed for Michael on this one deal
Info from other sources:
Sony ATV (Associated Television Corporation) 4,000 song music catalog has
the Beatles songs, "Blowin' in the Wind" by Bob Dylan, "Sweet Caroline" by Neil Diamond and "E-Pro" by Beck as well as many others.
The catalog also includes the works of songwriters including Stevie Nicks, Sarah McLachlan, Destiny's Child, Garth Brooks, Richie Sambora of Bon Jovi, Elvis Presley, Little Richard, Lloyd Price, and the Pointer Sisters.
Sony/ATV has also acquired the catalog of Roy Acuff and Fred Rose for $157 million in 2002 which includes the 55,000-title trove of Nashville classics.
These classics include such country music as ''Your Cheatin' Heart'' and ''Tennessee Waltz.'' An archive of songs from the likes of Hank Williams and Roy Orbison is also included.
Recently Sony/ATV Music Publishing’s new head, Martin Bandier has announced that they have now acquired the Leiber Stoller catalog.
This catalog includes the hits like “Hound Dog,” “Jailhouse Rock,” “Stand By Me” and “Love Potion #9.” The company did not reveal the financial aspects of this deal though experts believe that it would be worth around USD 50 million. Among the other songs featured in the Leiber and Stoller catalogue include "Yakety Yak," "Love Me," "Santa Claus Is Back In Town," "I'm A Woman," "I Keep Forgettin'," "Don't," "Spanish Harlem," "Loving You," "Searchin'," "Charlie Brown," "Ruby Baby," "I (Who Have Nothing)," "Trouble," "There Goes My Baby," "Dance With Me," "(You're So Square) Baby I Don't Care," "You're The Boss," "Saved," "Pearl's A Singer," "Smokey Joe's Café," "King Creole," "Black Denim Trousers and Motorcycle Boots (L'Homme a la Moto)," "Bossa Nova Baby," "Down Home Girl" and "Drip Drop."
This year Viacom also sold their catalog to Sony/ATV. This catalog has approximately 125,000 songs ranging from "Moon River" to " Hips Don't Lie"
by Shakira. It also includes songs by Bjork
"It was recently revealed Michael had acquired the rights to some of Eminem's biggest hits, after he purchased Famous Music LLC from Viacom.
Wonder how the Slim Shady feels now that Michael Jackson owns the rights to two of his biggest hits: "Without Me" and "The Real Slim Shady."
Yep Sony/ATV is a 50-50 joint venture so MJ gets the Ka-ching from all of those songs.
" . According to Reuters, "a song earns money for both its writer and copyright owner each time it sells on a recorded format, is played on the radio or covered by another artist." Also, the copyright owner can license the songs to movie studios and advertisers for considerable money."
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Michael as of 1991 when Dangerous was released was making 37% of every album sold.
Then there is the actual deals per album which is unknown since Invincible, case in point Sony says he got at least 20 million up front to do the album and then Mj's 37% for the total sales as well.
Finally Forbes magazine published the true realtionship of the value of the catalog how much he makes, etc.
The current MJ deal with Sony/ATV runs out in 2010 and also, Jackson has as reported in Time magazine quite some time ago that Sony BMG being added to the catalog could up the deal breaker for Jackson.
Ok, Michael technically owes Sony for his borrowing against MiJac catalog, so he owes them for that alone which is at least 100 millllion by now.
Plus also, Sony is the backer of Mj's loans now. 25% will go to Sony of the Sony/ATV if they have to pay the 200 million price tag.
But Sony, and Sony/ATV are trying toi prevent that from happening and have been forcing him to live on a fixed income for the last almost 2 years.
Figure this. On just MiJac he brings in around 35 million dollars. a year off of just sales. Now Sony is taking at least 15 million making Jackson save some, then put the rest towards MiJac.At the end of the year Jackson is given around 15 million even or 2 million a month. I dont remember
Now, Sony/ATV Forbes says that Jackson is gurantted 75 million dollars a year at least at this point. But court papers back in 05 revelaed that Mj makes 100 million gurantted. Now how much of that he is forced to surrender they wont tell me.
But also now Sony/ATV via Forbes own words is valued now at least at 1 billion but could be worth 8 billion by 2010. So either way Jackson wins, if he sells or stays.
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Forbes got some of the information wrong but most of it right. lets make a few things clear.
Sony Guarantee does not mean MJ owes them money, it only means if MJ defaults and has to sell the catalogue then Sony gets in the tank for the cost of the remaining loan.
Lets explain it this way. I want to buy a house, I get my mom to co-sign or guarantee my loan/mortgage, she doesn't give a dime at time of borrowing the loan and doesn't pay anything for the loan its MY loan i make the monthly payments however should I default or be unable to make my payments then my MUM is in for that payment as my guarantor and if she can't then the house goes on foreclosure and the bank makes its money if not my mum would have to pay the difference.... see what i mean? SONY is only impacted if MJ is foreclosed on, and even then, they don't lose a dime, they'd buy off MJ's share (part share they only guaranteed for 25% of the loan) of the outstanding amount.
So first things first, for the fortress loans MJ does not OWE Sony ANY money, they're only impacted if he defaults and the impact on them is one SONY would make sure doesn't come to pass because it would mean the possibility of a 3rd party coming in and buying that portion of MJ's stake or SONY itself would have to buy it at an amount of money they might not have immediately.
Sony/ATV at the time of the loans was much much less valuable than it is now, when the loans moved, Sony/ATV had not bought yet the 3 new catalogues they added to it, those 3 catalogues were bought in total for about 800mil - 1 billion or just about that, i know 2 of them were bought for 300-350mil or more each, the 3rd one was abit less than that i think. That was 2 years go, now they're worth more, way more. the speculation that Sony/ATV could be worth 8billion by 2010 is right on the mark if they fall short it will be because of the current economy and my expectation would be that it'd be worth at least 5-6billion especially since Sony/BMG didn't get the publishing arm they wanted and infact now can only publish song via Sony/ATV.
Remember MJ OWNS 50% of SONY/ATV NO MATTER WHAT always remember that.
2 years ago the fortress loans were 300mil, by end of this year i expect about more than half of that to have been paid off since MJ has been sending all his sony/atv revenue and mijac revenue direct to pay for that loan, its the reason he was short for cash for the neverland loan so that part kept being picked up by others and everything is figured out... and that is only about 30mil (the loan) yet the property is worth between 50-100mil, neverland that is.
Sony BMG with MJ the artist: he doesn't owe them any album or money and has currently no deal with them although they're angling for that deal with him for his new album but he's buying his time.
Thriller 25 was Sony plus idea, MJ agreed to it, mutual benefit, MJ got paid a chunk for it in return for minimal promotion from his part, MJ makes royalties from each song so he made Deal + royalties directly to him via his Mijac coz all his albums are under MiJac which he owns not Sony/ATV. So far the deluxe thriller has sold more than 2mil copies, and this is a double DVD/CD sold at double the cost of a regular CD, this in addition to VISIONARY which was also a one off. MJ agrees to these things coz the masters are not his yet and in the mean time he makes money off it.
Forbes is right in the detail that MJ has a set budget to live on for the past 2 years, he did that as part of the refinancing so that his fortress loan could be paid off. This has been on for 2 years and will continue next year, depending on this years profits and how much the debt has been paid. Theirs a reason you don't hear about the fortress 300mil loan anymore, everything is moving on smoothly only the neverland fortress loan is what you hear about and even that is quite now.
no one ever knows for sure what MJ's deals are good for him.... wonder what next year will be like.
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Jackson's loans are no lon ger under Fortress, they are split between HSBC bank and one another in New York. Sony/Legacy holds the note on the MiJac catalog. So he is paying off a MiJac loan as well. Thats where the owes Sony money. He borrowed gainst earnings, advancments, etc and finally pawned the whole thing. Thats where Sony comes in and Jackson owes THEM directly.
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Its a good thing that he ended up saving Neverlamd because right before the housing market crisis in America. Neverland just the LANd can sell for 100 million dollars.
Excuse me I take that back... the land was offically valued at 100 million dollars late last year. So if he sells he can make good money
But you are also right on one thing, Sony started tp make him save for the day where his royalties drop. The plan is, that Jackson will have a cash catalog if ever he couldn't afford to live off of his musical earnings. That and also legally, Jackson cant borrow anything with out going to Sony first with the exemption of Neverland because Sony will not get involved with that issue ever again.
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5.11.
Sony/ATV Music Publishing has purchased the catalog of Colombian singer/songwriter/producer Estéfano, Billboard.biz has learned.
The purchase, negotiated by Jorge Mejia, Sony/ATV's VP for Latin America and US Latin and Martin Bandier, chairman and CEO of Sony/ATV Music Publishing, includes all songs from Estéfano's three publishing companies: Blue Platinum Publishing, World Deep Music Publishing and Polydharma.
Sony/ATV had been administering Estéfano's catalog since 1998 Estéfano, whose real name is Fabio Salgado, was initially part of the duo Donato & Estéfano, who had several hit albums with Sony in the 1990s. But his bigger fame came as a songwriter, penning hit tracks for the likes of Gloria Estefan, Jon Secada and Shakira. Later, Estéfano also consolidated himself as a producer as well, writing and producing for artists like Chayanne, Paulina Rubio, Thalia, Marc Anthony and Jennifer López, among many others.
Estéfano won BMI's Latin songwriter of the year award seven times and scored seven No. 1 hits on Billboard's Hot Latin Songs chart, including Marc Anthon's "Ahora Quien," Chayanne's "Dejaría Todo" and Ricky Martin's "Y Todo Queda En Nada."
Last year, in a widely reported incident, Estéfano was shot in his Miami home and almost died from two gunshot wounds. His handyman was acquitted of attempted murder this past Aug. in Miami.
After recovering, Estéfano returned to writing and producing and is currently working on Paulina Rubio's new studio album. In addition, he penned the new Chayanne track "Amor Inmortal."
Although Sony would not disclose the amount paid to Estefano, sources in the industry calculate it would be at least several million dollars, given the depth of the catalog.
[SIZE=-1]14.4.02[/SIZE]
Montreal-based MDP Worldwide Entertainment Inc. is hoping to produce several movies starring Michael Jackson, including at least one blockbuster costing more than $60 million.
In a taped address at MDP's annual general meeting on Friday, Jackson explained his interest in working with an independent film production company instead of a major studio:
"The answer is simply that in the independent world I can make the films I want and be as creative as I want," he said, identifying four films he'd like to make.
The first would be 'Wolfed,' inspired by 'An American Werewolf in London,' which was the theme of Jackson's hugely popular 'Thriller' video in the 1980s. It would be filmed partially in Montreal. Michael Jackson would become a major shareholder in the company if the deal closes, as expected, within two months and 'Wolfed' could be out in theatres as soon as 18 months, according to Mark Damon, chairman and majority shareholder of MDP Worldwide.
Source: Montreal/Canadian Press (CP)
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Michael Jackson Plans To Co-Direct Feature Film
'They Cage the Animals at Night' will be produced by Mel Gibson's Icon Productions.
"King of Pop"-turned-king of projects Michael Jackson has another new venture on his hands — co-directing his first feature film.
Jackson and Bryan Michael Stoller will adapt the Jennings Michael Burch book "They Cage the Animals at Night" for the big screen later this year, according to Stoller, who is also penning the screenplay and producing the project along with Mel Gibson's Icon Productions.
Gibson may take on a role in the film, depending on his schedule at the time of shooting, Stoller said, as may Jackson's close friends Marlon Brando and Liza Minnelli.
Jackson — who had a role in 1978's "The Wiz" and will appear in this summer's "Men in Black 2" (see "Michael Jackson Back Onscreen In 'Men In Black 2' ") — may make a cameo in "They Cage the Animals at Night" but will mostly focus on directing as well as writing and recording music for the movie.
Stoller said Jackson brought the project to him because he liked the book, which is a true story about Burch being bounced around from one foster home to another. Stoller described it as "Oliver" meets "Stand by Me" meets "The Cider House Rules."
"Michael felt that he could relate to the script because of the way he grew up, almost without a childhood," Stoller said.
The co-directors met 15 years ago when Stoller introduced Jackson to child actor Brandon Adams, who went on to appear in Jackson's Moonwalker. Their friendship rekindled when Jackson invited Stoller to screen his 1999 film "Undercover Angel," which starred Yasmine Bleeth and Dean Winters, at Neverland Ranch.
"Michael has a phenomenal vision," Stoller said. "He watches movies whenever he can. He's a visionary. Just look at his short films, his music videos, and that gives you an idea of what he can bring visually. Also, he's very sensitive and sincere. And emotionally this is going to help with the direction."
Although Stoller, who is still finishing the script, said everything is in place to begin filming the $20-30 million movie by the fall, Jackson has garnered a reputation for taking his time on projects and often failing to follow through.
A few years ago, Jackson was reportedly set to star in film called "The Nightmare of Edgar Allan Poe" that has yet to be made (see "Michael Jackson Finishing New Album, Eyeing Film Career"). He has also been linked to other movie projects that never got off the ground, such as "Capricious Anomaly in the Sea of Space" and "The Dragon's Candle."
"He's a busy guy. He has so much going on," Stoller said. "But I'm a doer. I'm good at getting things finished. And Michael's been there every time I need him. It's going to happen."
Jackson's spokesperson at Epic Records, which released last fall's long-awaited Invincible (see "Michael Jackson Revisits Old Self, Rails At Press, Tries Bounce On Invincible"), could not confirm the movie, though The Hollywood Reporter printed a statement from the pop star that said he was looking forward to working with Stoller and Icon.
The movie trade magazine also reported that Jackson further ventured into the movie industry by investing $15-20 million in a production and distribution company called MDP Worldwide.
there's no more proof of the reports on Michael's 'debts' than the info you refuse to believe. right now there's an ongoing investigation in america against people from forbes magazine giving bad advice to americans about their finances. so forbes is not believable. and as for time magazine, there is no proof that they are to be believed either.
You are brilliant. Thank you.
Extreme Music Inks Deal With Rodney Jerkins
(Darkchild) :cheeky:
March 04, 2009
By Ed Christman, N.Y.
Extreme Music, the worldwide production music library unit of Sony/ATV Music Publishing, has signed songwriter/producer/musician Rodney Jerkins to be an executive producer of nine albums within an 18-month period. The initial three albums are planned for the second quarter of this year.
Jerkins, who recently co-founded music-based social network Music Mogul, has many credits, including Beyonce, Mary J. Blige, Madonna, Whitney Houston, Britney Spears, Keyshia Cole, Jennifer Lopez, Michael Jackson, Ludacris, Jamie Foxx, Black Eyed Peas, Janet Jackson, Destiny's Child, Gwen Stefani and Will Smith, among others.
He is also represented on Spears' new platinum album "Circus," and is working on P. Diddy's forthcoming release, "Last Train To Paris."
Jenkins, the CEO of Darkchild Productions, Inc, has been been associated with records that have sold more than 160 million copies, according to a news release on the announcement.
In addition, Jerkins is the executive music consultant for the film and the motion picture soundtrack for "Confessions of a Shopaholic." He has also contributed to numerous other movie soundtracks, including "Honey," "Scary Movie 3," "Blue Streak," "My Baby's Daddy," and "Rush Hour" and "Rush Hour 2."
Extreme, headquartered in the United Kingdom, has worked with many major networks, studios, ad agencies and production companies. It also has a long list of hit movies, television shows and television commercials to its credits.
BillboardBiz.com
"HALO"
(Bogart)
by Beyonce
Billboard - Pop Singles #37
"I HATE THIS PART"
(Hector)
by Pussycat Dolls
Billboard - Pop Singles #25
"RIGHT ROUND"
(Dillard)
by Flo Rida
Billboard - Pop Singles #1
"WHITE HORSE"
(Rose , Swift)
by Taylor Swift
Billboard - Pop Singles #31
"BEAUTIFUL"
(Akon , O'Donis)
by Akon Featuring Colby O'Donis
Billboard - Pop Singles #19
"Love Story"
(Swift)
by Taylor Swift
Soundscan – Pop Singles #5
"POKER FACE"
(Lady Gaga , Red One)
by Lady Gaga
Soundscan – Pop Singles #2
"RIGHT NOW"
(Akon , Giorgio)
by Akon
Billboard Pop Singles #13
"MAD"
(Eriksen)
by Ne-Yo
Soundscan – Pop Singles #15
"I HATE THIS PART"
(Hector)
by Pussycat Dolls
Soundscan – Pop Singles #12
"DON'T"
(Beavers)
by Billy Currington
Soundscan – Country Singles #2
"NO ME DOY PoOR VENCIDO"
(Fonsi , Bryant)
by Luis Fonsi
Billboard’s Hot Latin Songs #1
"LOVE STORY"
(Swift)
by Taylor Swift
Billboard Pop Singles #4
"WOMANIZER"
(Briscoe)
by Britney Spears
Billboard Pop Singles #8
"SINGLE LADIES (PUT A RING ON IT)"
(Harrel)
by Beyonce
Billboard Pop Singles #2
var clickExpire = "-1";By Lisa Respers France
CNN
(CNN) -- For fans of The Beatles, 09/09/09 will mark a new invasion.
The Fab Four will be made even more so when the remastered Beatles catalogue is released in September.
Apple Corps Ltd. and EMI Music have announced that as the date for the release of the entire original Beatles catalogue, digitally remastered.
That includes all 12 Beatles albums in stereo, with track listings and artwork as originally released in the UK. The package will also contain the LP version of "Magical Mystery Tour" (initially released as a double-EP in Britain, though available on CD since 1987) and the collections "Past Masters Vol. I and II" combined as one title.
The release marks the first time that the first four Beatles albums are being made available in their entirety on compact disc, and it also coincides with the release of "The Beatles: Rock Band" video game.
Robert Levine, executive editor for Billboard, said the timing is genius in terms of marketing.
"Most bands, when they do a big project like this they pay for publicity," Levine said. "The Beatles got paid for 'Rock Band' and then they are using that for publicity to rerelease a catalogue. It's pretty amazing." Blog: A Beatles fan reflects on the news
Levine pointed out that media have evolved tremendously since 1964, when the band first burst onto the American scene with an appearance on "The Ed Sullivan Show."
Back then, there were only three major television networks, and engineering of albums was much less sophisticated, Levine noted. Previous rereleases have sold well in the past -- indeed, Beatles albums have sold steadily for decades -- and Levine said he expects this one to do even better.
"I think if you were to look at pure catalogue, old bands selling old albums, the Beatles are the kings -- commercially as well as artistically," Levine said. "A lot of [music] has been remastered better in the past 22 years, and remastering technology has come a long way."
Piers Hemmingsen, the author of two books on Beatles music and head of the Web site Capitol6000.com, said there has long been a clamor among fans for good, high-quality versions of Beatles songs.
"The technology that was available back then was very limited, and with the newer technology they are able to do far more with what they have than they have ever been able to do before," he said. "For people who are plugged into iPods and the whole digital music scene, it's going to be a lot better for them."
In acknowledgment of the more technologically advanced listeners, each CD will contain, for a limited time, an embedded brief documentary film about the album.
The documentaries contain archival footage, rare photographs and never-before-released studio chat from the Beatles.
The remastering project was four years in the making. Engineers used de-noising technology and cleaned up glitches like electrical clicks and microphone vocal pops, so long as it didn't affect the original integrity of the songs.
They also slightly boosted the volume levels. Andrew Croft, publisher of Beatlology Magazine, said the announcement of the release of the remastered recordings "is long overdue in the Beatles community and for music fans alike."
He also said the quest to improve the original recordings is not new.
Croft said bootleg releases over the years used rare and obscure vinyl pressings from countries like Japan and Germany to compile the best of the best recordings of The Beatles songs, presenting to the public a better sound that Apple could not offer prior to the remastering.
"While the new remasterings will replace a library full of bootlegs of their commercial releases, there remains a massive market for their more obscure tracks, outtakes and
live performances," Croft said.
The 14 remastered albums, along with a DVD collection of the documentaries, will also be available for purchase together in a stereo boxed set.
A second boxed set, "The Beatles in Mono," includes all of the Beatles recordings that were mixed for a mono release. It will contain 10 of the albums with their original mono mixes, plus two additional discs of mono masters (covering similar ground to the stereo tracks on "Past Masters").
The mono "Help!" and "Rubber Soul" discs also include the original 1965 stereo mixes, which have not been previously released on CD. These albums will be packaged in mini-vinyl CD replicas of the original sleeves with all of the original inserts and label designs.
Even with the release date, what is old has become new.
Diehard Beatle-ologists may take note that the release date could be viewed as a nod to the Beatles track "One After 909" from the "Let It Be" album -- or a reference to the White Album's "Revolution 9." (John Lennon, who was born on October 9, occasionally talked about his fondness for the number 9.)
Hemmingsen said making the music more accessible and attractive to a younger audience helps spread Beatlemania to a new generation.
"Their music is catchy, memorable, interesting and listenable," said Hemmingsen, who was a youngster in England when the Beatles hit the scene and has been a fan ever since. "The time that they evolved their music was an interesting time and their music reflected that time."
Levine said the band has always captured fans from across generations.
"The songs have lasted for a long time because they are great songs," he said. "It's just that simple. Those are amazing, amazing albums."
http://www.cnn.com/2009/SHOWBIZ/Music/04/07/beatles.remastered.catalogue/index.html
...lets keep our fingers crossed for Michael on this one deal