Monday, June 29, 2009

RIP Jackson?... No way...the show MUST go on...


Michael Jackson dies…is this inadvertently the shrewdest business move ever…

I was lucky enough to see him in concert not once but twice, and then I had the opportunity to meet him briefly in Memphis some years back, when he was married to Lisa Marie Presley. I was involved in a concert celebrating the life of Elvis Presley, which was held at the Pyramid in Memphis.

It should be quite clear that Jackson was weird; there is no doubt about that. Whether it was due to the environment he was brought up in or the people he surrounded himself with, we shall never know, one prediction is that many stories will be written…

I have been following the stories about his finances with amazement. A rumour…that is all we have to go with at the moment and the rumour is that he was some $500M in debt. Ok that he had assets, but since he was not the sole owner of these assets, it is sometimes difficult to sell them to their true value, hence the need for a tour…

Having worked in the music industry for years, I worked out that Michael needed to tour for about a year, playing huge stadiums 50,000+ in order to bring the bacon home. The last tour he did ended in controversy when the promoter sued him for “non-shows”, this was 10 years ago… We are talking a bout a younger Jackson and then it was prescription drugs…so this time around there was never going to be a global tour, he physically could not have managed it.

Then we have the concert promoter, insuring only 10 out of 50 gigs…HELLO…who sat in on that meeting and took that decision?

The signs are there that Michael Jackson will become a very wealthy man in his death. Should the rumour about the 200 song library be true and if the frenzy continues with his current library could pay of all his debts without having to sell the ATV music library and that is without having to take to the stage and sing his heart out for two hours…

Sad for his family and children…but could Michael have taken another gruelling tour? I just hope that the kids will get some form of a normal life…definition of normal is unclear…

Labels: , ,