WILL SONY FINALLY GET THERE HANDS ON MIJAC?

WILL SONY FINALLY GET THERE HANDS ON MIJAC?

Final buyout bids for Warner Music Group
are due on Monday and the company could be sold by the end
of the week in a deal valued at over $3 billion, according to a
person familiar with the matter.

The third round of bids is led by two competing financial
groups Len Blavatnik's Access Industry and a joint bid by
Tom and Alec Gores' Platinum Equity and Gores Group,
according two people.

Michael’s MiJac Publishing has been administered by
Warner Chappell, part of what is now Warner Music Group.

MiJac includes not only Michael’s hits that he wrote,like
“Billie Jean” and “Beat It,” but a vast number ofother hits
including those of Ray Charles,Curtis Mayfield,and Sly and
the Family Stone. Value: $130 million

Jackson's music publishing company, Mijac, is administered
by Warner/Chappell. Based on a reported value for Mijac
of at least $75 million in 2005, Billboard estimates Mijac
currently has a value of around $150 million. At that value
it generates about $25 million per year in revenue.


In the last 12 months, according to sources, that number
could have doubled to as much as $50 million.
The Warner Music sale process is taking place against a
backdrop of ongoing declines in music sales as executives
struggle to figure out new business models to guarantee
the future of the industry. While Warner Music continues
to generate reasonable levels of cash on its balance sheet --
a key metric for investors -- it will still be seen as a risky
investment in a very tough market.

Two weeks ago the second-round bids came in around
$3 billion according to three people who asked not to be
named as the process is confidential. Ron Burkle's Yucaipa
Co, dropped out of the bidding late last week.

Matching bids from two major music names fell short
of what Warner's board was looking for from strategic
buyers in the second round but there is still a chance
that rival music companies will be involved at a later
stage in picking over some of Warner Music assets.

While the final round bids are due early this week,
there is no certainty a deal will get done,

http://mjhoaxlive.blogspot.com/2011/02/unmasking-giant.html

FOR THOSE WHO ARE UNAWARE (OT)

The AEG contract was signed using his (MJ)
own company and catalogue as collateral .

this is something they have brought up in the courts most recently and wish to discuss. Chernoff talked about it in details
Copy here:http://tinyurl.com/35rfwyj

http://www.radaronline.com/sites/default/files/AEG%20contract.pdf

Rowe: This promissory note from Michael Jackson Company,
LLC and Michael Jackson, the artist, required Michael to pay
the principal amount of the note, in full on the maturity date
as defined above to be about six months after the first leg of
the tour in London, but not later than December 31, 2009.
(whichever comes first), or six months after written request
is received from AEG by Michael Jackson or his company.

So if the promissory note is for any reason not paid
or defaulted upon, the assets of the Michael Jackson
Company, LLC get forked over to AEG.

In other words, owning Michael Jackson Company, LLC
and/or its assets, means owning Michael Jackson.
(Rowe, Pg. 173)

Alloco, Leonard Rowe, Joseph Jackson were among those
who together tried to derail Michael’s deal with AEG Live
and get “control” of the concerts.
http://www.showbiz411.com/?s=leonard+rowe

http://mjhoaxlive.blogspot.com/2011/02/unmasking-giant.html

http://www.latimes.com/entertainment/sns-rt-entertainment-us-watre7402s4-20110501,0,6551192.story