Brett Pulley of Forbes magazine weighed in on Michael Jackson’s battle against Sony Music that he says has more to do with his own ailing finances and career slump. Surprisingly, Pulley says smart money is that Sony Music chief Tommy Mottola will forgive Jackson’s outburst and re-sign him; both sides have too much at stake. Whatever the case, Fortune estimates Jackson’s net worth to be currently around $350 million.
Schaffel Says Punishing Him Is A Bizarre Thing
July 30, 2002 – Entertainment Tonight spoke with Marc Schaffel to answer claims that the all-star charity song, ‘What More Can I Give,’ that he produced with Michael Jackson, was pulled after Jackson’s camp discovered he once had been a producer of adult films. “It was something in the past,” Schaffel said. “To punish me or punish people who are trying to do something good for society, it’s really a bizarre thing.” As for whether Jackson knew he had ties to the gay porn industry, Schaffel said, “You’d have to ask him personally that question.”
Michael Jackson Says He Didn’t Sign $13 Million Bill
July 30, 2002 – Roger Friedman of FoxNews.com reports Michael’s response to the $13 million lawsuit filed by former business manager Myung-Ho Lee is that he never signed an agreement last September promising that he would pay Lee the money. “I specifically looked at the signature that appears at the end of this document above my typed name. This is not my signature,” Jackson said in court documents. “I did not sign this document and have never seen [it] until a few weeks ago. I would never knowingly sign a document that expressly required me to pay over $13 million to Mr. Lee or anyone else, alone in a room and without review and counsel by one or more of my attorneys.” Read more.
Jacko’s Thoughts Of Suing Sony Could Backfire
July 26, 2002 – A chilling warning for Michael Jackson on HitsDailyDouble.com says, “Michael Jackson’s hiring of heavyweight litigator Marty Singer with thoughts of getting Sony into a courtroom bout could backfire and end up doing his career more harm than good if enough facts were to be “ungloved” during a trial.”
Michael Jackson In Constant Financial Peril
July 26, 2002 – Roger Friedman of FoxNews.com is again reporting on the financial troubles of MJ. Jacko’s latest troubles involve an agreement to pay his former business manager, Myung Ho Lee, $12 million in arrears. Jackson hasn’t paid the $12 million according to Lee and the case is currently in Los Angeles Superior Court. Read more.