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Old 07-13-2002, 12:35 PM   #1
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Michael Jackson is broke

hmm well i dont know if this has been mentioned much on the interference message boards
but the news of recent days (and not all that big mind you), is that michael jackson is flat out broke

it was bound to happen sometime wasnt it?
when you add all the things which have contributed to his downfall

1. no musical 'hits' for a long time

2. constant bad publicity

3. his lavish living style

and one thinks a lot of his downfall can be attributed to the fact the world had moved on whereas he just stood still

he's probably still thinking its still 1991, where Dangerous caps off a triumpant return after a layoff from his previous smash Bad

but boy oh boy, the world has changed

and all the sudden michael jackson not only has become irrelevant but also uncool, and he gets on the butt of jokes

and here we are in 2002, michael jackson is broke, and the genuine consensus is 'thats hardly surprising!'

ten years ago people would have said this was unthinkable, we made him very rich, we made him very famous, and with good purpose he was part of our hearts, he was a childhood prodigy who had all the setbacks i mean lets all remember where he's come from, toils manfully writing some of the most famous songs of his era, and we rewarded him for it

and unfortunately this fairytale doesnt end well at all, i mean it escapes me how this seemingly fantasy tale of almost a cinderella story where someone who is poor but is deserving because he had it all, finds a seemingly happy ending... then ends up being a pauper

the logic escapes me

i'd just like to bring this up, seeing my mum loves him and all
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Old 07-13-2002, 01:01 PM   #2
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hes a complete crack-case. ofcourse were not surprised.
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Old 07-13-2002, 01:14 PM   #3
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Let me be the first to say...

Good.
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Old 07-13-2002, 01:21 PM   #4
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he also seems like he's kind of going crazy, but money problems can do that to you i guess
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Old 07-13-2002, 01:21 PM   #5
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I knew out of him and madonna she would out last him. I saw it coming years ago. I never really dug him. My mom had his one vinyl and that was ok when I was a kid but ever since then I really don't see what all the hipe was for all these years.

I just realized I got a lot of my early musical influence from my mom. She gave my U2. God I love my mom.
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Old 07-13-2002, 03:05 PM   #6
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i don't find this very surprising, either. he has his own little mini-country going on at his house. his expensive lifestyle was okay back in the early 90's when he made more than he spent, but people like that, you know will always end up broke. it just took him a little longer to get there.

it's kinda like when mc hammer got that huge house and paying for like 100 dancers onstage with him, it wasn't shocking when he declared bankruptcy. although at least mc hammer tried to help the people that helped him along the way.
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Old 07-13-2002, 08:47 PM   #7
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i think 'broke' to these people is still many times more than u and i could ever make mind you.

i remember when they were saying sarah fergie was broke, she was still on over 100,000 pounds per year! just not her usual million or whatever it was!
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Old 07-13-2002, 09:13 PM   #8
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Well I am suprised!

I mean despite any recent big hits and all of the controversey he never really had the big drug problem, or did he?

But in a crowded room full of celebs, if he walked in he would be the biggest fish in the room unless or Mick Jagger were there.

Broke, hmmm. Well he probably still has more $$$$$$$ than me so I can't exactly pity him! But he was a very influential musician, and there was not a better album in (83?) than Thriller.
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Old 07-13-2002, 09:43 PM   #9
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Normal

Maybe he will sell the rights to all the Beatles music back to Paul McCartny. There has been some talk of that lately. This could explain it. Michael might want the dough.
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Old 07-14-2002, 10:52 AM   #10
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Big Grin

maybe he should get a job?

(the first one responding with "babysitting" is a lame individual)
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Old 07-14-2002, 01:28 PM   #11
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Quote:
Originally posted by Lemon Meringue
Maybe he will sell the rights to all the Beatles music back to Paul McCartny.
Didn't he already sell them to Sony ages ago, or am i just going mad?
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Old 07-14-2002, 01:38 PM   #12
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Quote:
Originally posted by bono_man
i think 'broke' to these people is still many times more than u and i could ever make mind you.

yeh me too!

He prob has a lot of tied up in investments as well...hes still loaded im sure
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Old 07-14-2002, 01:46 PM   #13
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What's the difference between a Cadillac and a naked 8 year old?











Michael Jackson doesn't have a Cadillac in his garage.
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Old 07-14-2002, 01:47 PM   #14
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Quote:
Originally posted by Johnny Swallow
What's the difference between a Cadillac and a naked 8 year old?











Michael Jackson doesn't have a Cadillac in his garage.
har de har har
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Old 07-15-2002, 07:15 AM   #15
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Michael may be broke...but his plastic surgeon is rich.
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Old 07-15-2002, 11:04 AM   #16
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Quote:
Originally posted by Lemon Meringue
Maybe he will sell the rights to all the Beatles music back to Paul McCartny. There has been some talk of that lately. This could explain it. Michael might want the dough.
He put the Beatles catalogue up as collateral for a HUGE loan from Sony...the loan is coming due and he's sweating it because he can't come up with the $$$.

This is also said to be behind the whole anti-Sony campaign he's running right now.
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Old 07-15-2002, 11:06 PM   #17
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hHere is an article i found (one of many)

This article is from back in march of this year:

Cash-strapped King Of Pop Michael Jackson may be forced to unload his share of pop's most treasured jewels -- the Beatles' song catalogue.

Jackson scooped away the rights to the Beatles' song publishing in 1985 from pal Paul McCartney, who had hoped to buy back the rights to his own songs. Jackson was later forced to sell half the asset to Sony Music in 1991 for $100 million.

Now time has run out on Jackson, who may now be forced to sell his remaining 50% stake in modern music's most valued song collection. Fox News said Sony Music Publishing President Richard Rowe has been in constant contact with the Jackson camp urging him to sell off his share of the Fab Four songs.

The report said Jackson has, in recent years, borrowed $200 million from various lenders, to pay off his legal debts and high lifestyle. Sony backed those loans, on the condition that Jackson use as collateral his remaining ownership stake in the songs of Paul McCartney and John Lennon.

The catalogue has been valued at between $400 and $600 million. Jackson purchased it for $47.5 million from Sir Lew Grade in 1985, the report said.

Fox said "Yesterday" remains one of the most-played songs in radio history. "Let It Be," "Michelle," "Hey Jude," "And I Love Her" and "Penny Lane" are all ranked at the top of BMI's list of songs that have been aired more than three million times. Fourteen more Lennon-McCartney compositions have been aired more than two million times, followed by about 20 Beatles songs in the million-airs club.

Jackson's strategy had been for his long-delayed album "Invincible" to rescue him from these financial pressures. But the album has sold less than two million copies, and given the years he spent working on the project, his chances of recouping on those sales is unlikely.

In hindsight, Jackson's decision to use the catalogue as collateral with Sony may not have been a shrewd move. Sony stood to profit by snagging the Beatles songs, and Jackson's best hope at hanging on to the songs was through the success of "Invincible" -- an album whose sales depended on Sony's support. So in theory, if "Invincible" fails, Sony stands to profit with the Fab Four songs, creating the appearance of a potential conflict of interest for the company.

Sony's fiscal year ends March 31, so there's an incentive to conclude the transaction by then, Fox said.

Meanwhile, the New York Post reports that Jackson will announce a North American tour within the next two weeks, his first in close to 10 years. And despite reports that Jackson would leave Epic (the Sony division for whom he records), a label source told the Post Jackson still owes the company two more albums, and they intend to hold him to that commitment.
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Old 07-16-2002, 06:19 AM   #18
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Im going to ignore all the negativity in this thread and say that I was once a true fan, I loved him back in 87 era.........I still have two videos of him.........I get sad when I watch the one with James Earl Jones commentating, because time of 'Moonwalker' film era I remember going to ABC Cinema, Belfast to see this film and the cinema was knocked down years after - Im pretty sure his film was the last I saw there - so I still get sad about that old beautiful building...........

anyway, I look back and see an amazing person.............who wowed audiences worldwide, and armed with an army of fans, he broke records..............he was more amazing back then..........

unfort it did all start to go wrong from 93 upwards, but still.....I say we should look and see Michael as a person who was, and still is...unique..........

Well I do, and I dont give forty fucks what anyone here tinks on what I say!

I just think its a shame he felt he had to change himself to be accepted by the 'white society' - if that was the case - as its all falling apart now......

But most of all........its sad how pple have isolated him............u might say its his own doing, but still........he his human.
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Old 07-16-2002, 10:16 AM   #19
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Quote:
Originally posted by mad1
Im going to ignore all the negativity in this thread and say that I was once a true fan, I loved him back in 87 era.........I still have two videos of him.........I get sad when I watch the one with James Earl Jones commentating, because time of 'Moonwalker' film era I remember going to ABC Cinema, Belfast to see this film and the cinema was knocked down years after - Im pretty sure his film was the last I saw there - so I still get sad about that old beautiful building...........

anyway, I look back and see an amazing person.............who wowed audiences worldwide, and armed with an army of fans, he broke records..............he was more amazing back then..........

unfort it did all start to go wrong from 93 upwards, but still.....I say we should look and see Michael as a person who was, and still is...unique..........

Well I do, and I dont give forty fucks what anyone here tinks on what I say!

I just think its a shame he felt he had to change himself to be accepted by the 'white society' - if that was the case - as its all falling apart now......

But most of all........its sad how pple have isolated him............u might say its his own doing, but still........he his human.
You don't have to feel bad about liking MJ Maddie...he still has a huge fan base all over the world so many, many people feel the way you do.

I do take issue with what you said about him changing himself to fit into "white society." Michael Jackson was a superstar for many, many years before he changed his looks. He was adored by people of all races when he had dark skin, curly hair and his own nose. I had a framed picture of him on my wall and thought he was one of the cutest boys I had ever seen.

What he has done to himself has nothing to do trying to please white society. Michael Jackson himself was/is ashamed of his African-American features and remade himself into his own version of what he thinks is attractive. Self hatred and vanity turned him into what he is today.
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Old 07-16-2002, 10:23 AM   #20
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The only person who isolated Michael Jakson was HIMSELF!

With the Private island thing and his wierd behaviour (The "mask on the face" thing , and the monkey friend! ) . It`s like he`s living in his oun little world (BIG world for that matter) . He drwon himself in his oun megalomania!
History, from my point of view, was the begining of this Going nuts from the "obsession with himself".

I guess to much fame can do that to you. And like in many cases -what reaches the top and can`t go higher is ment to fall down and crush BIG TIME!
That man couldn`t go further but he wanted to so he crashed.
And now, like any good artist, he`s balming everyone but himself.
I have no dought that Toni Motola is no saint but Jakson`s resent aqcusations him are WAY exadurated.

All I can say is that I pitty the man and feel for his fans from the good oll` days (mad1 and all the others).

That`s life!!!
Lets just hope that no celebrity will ever reach that stage.

ANd as far as Madonna compared to him, as rediculous as it`s sounds, SHE`S SO MUCH MORE DOWN TO EARTH!
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