Monday, February 21, 2011

BRANCA ON RECORD REGARDING MIJAC

“Sony/ATV is a great company and the Estate
owns half of it but no one, not even Sony/ATV,
will ever own Mijac while John McClain and I
remain in charge.” JOHN BRANCA

SETTING THE RECORD STRAIGHT
JOHN BRANCA ON MIJAC

“Yes, there is a matching right that Michael
granted to Sony/ATV but they only get to administer
the catalog for a limited term AND only if they agree
to unprecedented favorable terms.

We will not relinquish ultimate control and ownership to anyone.

We have favorably refinanced the loans on Mijac
which will be paid off and the catalog WILL
absolutely be passed to Michael’s children as
long as we have anything to say about it.”

Adding “Sony/ATV is a great company and the Estate
owns half of it but no one, not even Sony/ATV,
will ever own Mijac while John McClain and I
remain in charge.”

Branca then went on to explain Sony’s role
in Michael’s Estate, “The current Sony team
is the one Michael chose to work with on the
Thriller 25 release and they are good partners.

As stated in the recent court filings,
they worked with us to refinance the burdensome
debt that had been placed on Michael’s interest
in Sony/ATV to very favorable terms, an important
achievement which insures that Mijac and Michael’s
masters remain secure for the benefit of Michael’s
children for years to come.”

http://home.mjnewsalerts.com/2011/02/21/john-branca-sheds-light-on-mijac-sonyatv-rumors/

NOTE : APPARENTLY THIS CAME DOWN FROM
BRANCA TO JEFF JAMPOL AND WAS POSTED
http://www.mjjcommunity.com/forum/showthre...280#post3261280
http://www.mjj2005.com/kopboard/index.php?showtopic=56193&pid=1435613&st=0&#entry1435613

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