Current Events > Michael Jackson really bought Eminem's catalogue after Em dissed him ?

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Incredible
02/04/24 12:29:16 PM
#1:




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Jaguar34
02/04/24 12:31:57 PM
#2:


yes
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Incredible
02/04/24 12:32:38 PM
#3:


Them why was MJ near bankrupt befoe he died

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mustachedmystic
02/04/24 12:37:51 PM
#4:


He was very well known for dropping hundreds of thousands of dollars like it was nothing.
https://youtu.be/CXl0O5ViuBw?si=pI6EdKwZ3ZSbB5_Q

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CreekCo
02/04/24 2:22:47 PM
#5:


Incredible posted...
Them why was MJ near bankrupt befoe he died

He wasnt

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ClayGuida
02/04/24 2:25:00 PM
#6:


He bought the Beatles catalog too after McCartney talked to him about not owning the rights.

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Incredible
02/04/24 2:26:41 PM
#7:


CreekCo posted...
He wasnt

Yes he was lol that's why he was gonna do all those concerts

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CreekCo
02/04/24 2:46:12 PM
#8:


Thats how musicians make money primarily. It was his vocation.

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Incredible
02/04/24 2:50:22 PM
#9:


CreekCo posted...
Thats how musicians make money primarily. It was his vocation.

Lol no he was facing bankruptcy. He hadn't toured in over 10 years at that point and was planning to do it once last time to pay all his debts

Most musicians don't sign up for 50 dates at a residency when they're literally 50 years old

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CreekCo
02/04/24 2:52:25 PM
#10:


You must not pay much attention to the music industry

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CreekCo
02/04/24 2:53:13 PM
#11:


Vegas stays are literally a thing for major artists who are up in age

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Incredible
02/04/24 3:03:44 PM
#12:


CreekCo posted...
Vegas stays are literally a thing for major artists who are up in age

They don't sign up for literally 50 dates in less than a year LOL, that was never done before. His financial problems in his final years are well documented: https://en.wikipedia.org/wiki/Michael_Jackson#Final_years,_financial_problems,_Thriller_25_and_This_Is_It_(2005%E2%80%932009)

Holmes also found that Jackson was on the verge of bankruptcy and was involved in 47 ongoing lawsuits.

In April 2006, Jackson agreed to use a piece of his ATV catalog stake, then worth about $1 billion, as collateral against his $270 million worth of loans from Bank of America. Bank of America had sold the loans to Fortress Investments, an investment company that buys distressed loans, the year before. As part of the agreement, Fortress Investments provided Jackson a new loan of $300 million with reduced interest payments (equivalent to $440 million in 2022). Sony Music would have the option to buy half of his stake, or about 25% of the catalog, at a set price. Jackson's financial managers had urged him to shed part of his stake to avoid bankruptcy.

In July 2008, Fortress Investments threatened to foreclose on Neverland Ranch, which Jackson had used as collateral for his loans.
In 2009, Jackson arranged to sell a collection of his memorabilia of more than 1,000 items through Julien's Auction House, but canceled the auction in April.

In March 2009, amid speculation about his finances and health, Jackson announced a series of comeback concerts, This Is It, at a press conference at the O2 Arena. The shows were to be his first major concerts since the HIStory World Tour in 1997. Jackson suggested he would retire after the shows.

All info cited, have a seat

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2Pacavelli
02/04/24 3:25:10 PM
#13:


I think because he owned a lot of property he had a lot of taxes, but didn't have the cash flow to maintain it so he was going to do another tour to help pay for it
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ClayGuida
02/05/24 6:15:20 AM
#14:


Are you new to residencies?

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lolAmerica
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Incredible
02/05/24 6:19:52 AM
#15:


ClayGuida posted...
Are you new to residencies?

It was unprecedented for a 50+ year old man to be doing 50 shows in less than a year at a residency LOL

The record iirc was Prince doing 21 shows

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CreekCo
02/05/24 1:00:33 PM
#16:


Everybody who isnt born rich works or has a job. Thats a take.

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Incredible
02/05/24 1:05:26 PM
#17:


The biggest entertainer of all time doesn't need to do a 50 show residency at the age of 50 unless he's on the verge of bankruptcy

hold the L

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Tyranthraxus
02/05/24 1:10:51 PM
#18:


Pretty much every credible source says he was hundreds of millions in debt at the time of his death. Scotty is just right here.

https://www.newsweek.com/was-michael-jackson-debt-he-died-look-king-pops-finances-1349255

https://www.theguardian.com/business/2009/jun/26/michael-jackson-finances-lost-fortune

You could maybe argue that he could sell Neverland to pay that shit off so he wasn't "really" bankrupt but the only difference between doing that and bankruptcy is formal paperwork.

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VampireCoyote
02/05/24 1:11:43 PM
#19:


Its wild when people win arguments in ways that make them look even more foolish than the people who werent correct

but CE is a wild place

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CreekCo
02/05/24 1:13:40 PM
#20:


America operates off of credit and debt. Its how you manage it. Basically every rich person on tv operates under massive debt. Its not even uncommon but its not easy to understand why people feel the need to slander this dead man so much.

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#21
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Incredible
02/05/24 1:15:28 PM
#23:


CreekCo posted...
America operates off of credit and debt. Its how you manage it. Basically every rich person on tv operates under massive debt. Its not even uncommon but its not easy to understand why people feel the need to slander this dead man so much.

you claimed he wasn't near bankruptcy when he was, now you're backpedaling to "well technically everyone's in debt" no one cares

next

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Tyranthraxus
02/05/24 1:15:28 PM
#22:


CreekCo posted...
America operates off of credit and debt. Its how you manage it. Basically every rich person on tv operates under massive debt. Its not even uncommon but its not easy to understand why people feel the need to slander this dead man so much.

You seem to be drawing a false connection that being bankrupt is somehow a bad thing. That's literal banking propaganda.

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DarkDoc
02/05/24 1:33:07 PM
#24:


Like, he bought everybody's catalogue, not just Eminem. It probably came as part of a bundle.
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Mistere_Man
02/05/24 1:41:59 PM
#25:


I apologize, but what exactly is a catalogue in this regard? Also what does buying them do?

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Aressar
02/05/24 1:42:32 PM
#26:


Nobody actually cares whether or not a rapper 'disses' them. Except maybe other rappers.

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Incredible
02/05/24 1:52:33 PM
#27:


Aressar posted...
Nobody actually cares whether or not a rapper 'disses' them. Except maybe other rappers.

MJ was upset by Em's Just Lose It song and video, he even tried getting it banned from MTV and BET

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ThePWBPoster
02/05/24 8:11:43 PM
#28:


VampireCoyote posted...
Its wild when people win arguments in ways that make them look even more foolish than the people who werent correct

but CE is a wild place

All in the speech.

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thronedfire2
02/05/24 8:12:21 PM
#29:


wait, he bought the rights to it? topic made it seems like he just bought all his albums

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Incredible
02/05/24 8:32:45 PM
#30:


honestly this was a meaningless win in the end

mj died two years later, em is still alive and he got the rights back anyway

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DarkDoc
02/06/24 6:11:02 PM
#31:


Mistere_Man posted...
I apologize, but what exactly is a catalogue in this regard? Also what does buying them do?

As in, buying the publishing rights. In a business deal. It earned him millions of dollars per day in royalties from radio, sales, downloads, YouTube etc.
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Mistere_Man
02/06/24 6:12:44 PM
#32:


DarkDoc posted...
As in, buying the publishing rights. In a business deal. It earned him millions of dollars per day in royalties from radio, sales, downloads, YouTube etc.

Thank you very much. I am surprised you can just buy the rights like that.

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Tyranthraxus
02/06/24 6:14:12 PM
#33:


Mistere_Man posted...
Thank you very much. I am surprised you can just buy the rights like that.
You can buy anything with enough money

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MarcoRubio
02/06/24 6:14:34 PM
#34:


DarkDoc posted...
him millions of dollars per day in royalties

Lol fucking what?

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Mistere_Man
02/06/24 6:15:25 PM
#35:


Tyranthraxus posted...
You can buy anything with enough money
Lol, fair point.

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Incredible
02/06/24 6:15:37 PM
#36:


DarkDoc posted...
It earned him millions of dollars per day

https://gamefaqs.gamespot.com/a/user_image/9/4/6/AAa8v0AAC886.jpg

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solosnake
02/06/24 6:18:59 PM
#37:


mustachedmystic posted...
He was very well known for dropping hundreds of thousands of dollars like it was nothing.
https://youtu.be/CXl0O5ViuBw?si=pI6EdKwZ3ZSbB5_Q
wow. Why didnt he just buy the whole business?

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DarkDoc
02/07/24 3:42:45 PM
#38:


MarcoRubio posted...
Lol fucking what?

At one point he owned thousands of songs, including the entire Beatles catalogue, as well as songs by Springsteen, Cher, Elvis, Hank Williams, Little Richard, Rolling Stones, Shakira, Pink, Beck... This brought in money at a rate of millions of dollars per day.
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CreekCo
02/07/24 9:30:32 PM
#39:


Yep

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Incredible
02/07/24 9:31:31 PM
#40:


DarkDoc posted...
At one point he owned thousands of songs, including the entire Beatles catalogue, as well as songs by Springsteen, Cher, Elvis, Hank Williams, Little Richard, Rolling Stones, Shakira, Pink, Beck... This brought in money at a rate of millions of dollars per day.

No.

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CreekCo
02/07/24 9:34:00 PM
#41:


Whats the point of making a thread if you reject even the most basic facts presented

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Incredible
02/07/24 9:55:10 PM
#42:


You don't post facts, just dumb shit and cap

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OriginalPlain2
02/07/24 10:01:29 PM
#43:


Music is *ahem* serious
*gets sued*

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Revelation34
02/08/24 12:19:15 AM
#44:


DarkDoc posted...


At one point he owned thousands of songs, including the entire Beatles catalogue, as well as songs by Springsteen, Cher, Elvis, Hank Williams, Little Richard, Rolling Stones, Shakira, Pink, Beck... This brought in money at a rate of millions of dollars per day.


"Just trust me, bro".

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boxoto
02/08/24 12:24:18 AM
#45:


idk about the other music catalogues, but he did buy the one for the Beatles, and that caused a rift between him and Paul McCartney, who had been his good friend beforehand.

iirc, McCartney said something about buying the music rights for the Beatles to Michael, and Michael thought it was a good idea, and did it first.

edit: just saw this was already posted

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#46
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mario2000
02/08/24 1:33:53 PM
#47:


[LFAQs-redacted-quote]


that's scotty for ya

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DarkDoc
02/08/24 3:49:02 PM
#48:


Incredible posted...
No.

Actually yeah, income is the main reason to buy it.

Jackson paid $47.5 million for the Beatles (and literally 100,000 other songs) in 1985. Do you think he did that for his health? For a laugh? Or do you think he might have expected a decent return on investment?

Like, It's worth over $2 billion today - if you didn't make a million a day it would take you over 5 years just to break even.

Like, it's very serious business. Have you ever heard of Spotify?
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CreekCo
02/08/24 6:35:37 PM
#49:


Incredible posted...
You don't post facts, just dumb shit and cap

https://www.express.co.uk/entertainment/music/1465204/michael-jackson-why-did-michael-jackson-buy-the-rights-to-eminems-music

(Search it)

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Incredible
02/08/24 6:39:29 PM
#50:


DarkDoc posted...
Actually yeah, income is the main reason to buy it.

He wasn't making millions a day. Hold the L

CreekCo posted...
(Search it)

Hold it

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