MJ遗产公司向法院提交他们这一年的商业活动

MkGenie

杰克逊遗产公司每年一度向法院提交商业活动报告，阐述他们的商业活动。遗产管理人说他们通过发行《THIS IS IT》电影扭转修复了MJ的形象，并重组了MJ生前债务，谈下了更低的利率


现在这份文件已经可以下载： http://sinaurl.cn/h9oD46

高手有空可以来详解

MkGenie

MJJ BUSINESS IN 2009

At the time of Michael Jacksons death, the MJJ Business faced very challenging circumstances. Michael dided virtually on the eve of a sold-out and extraordinary expensive concert tour, “This is It”, exposing the Estate to substantial financial liability in the tens of million dollars. In addition, his business affairs were, to a large extent, in disarray. Among other issues, Michael had changed business managers, lawyers and personal management several times in the years prior to his death, most recently in the weeks and months prior to his death, and the transfer of files to his last team of advisors and representatives was in transitition at the time of his death. As a result, Michaels financinal and legal documnetns were scattered around the country and the location of many documents was not ascertainable as of the date of death. The Estate was embroiled in a variety of legal and financial problems that were presented, and continue to present, difficult issues whihc must be addressed effectively and efficently. Michael Jacksons assets were highly leveraged, with some of the debt in default. Since their appointment, the special adminstrators have acted promptly and decisively to identify and analyze the issues, marshal, and control the assets, resolve much of the litigation and actively contest the balance of the ligitation, aggressively take action to protect and enforce the Estates trademark and copyrights from oppurtunists worldwide, renegotiate and restructure existing financing arrangements, reducing the interest and income taxes and repaying principla, enter into unprecedented business deals that have produced, and will in the future produce, significant revenues for the Estate, and have successfully rebuilt and enhanced Michael Jacksons image with the release of the movie and song “This Is It”.  

MiJAC and SONY/ATV

11. Debt restructure. At the time of Michael Jacksons death, the primary assets of the Estate, (MiJac music and Michael Jacksons interest interest in SONY/ATV), were highly leveraged. Michael had used MiJac music as security for two loans, one issued by HSBC ("the HSBC loan") and the other issued by Plainfield Asset Management ("the Plainfield loan"). The Plainfield interest rate was ___%. The cumulative balance due at the time of Michael Jacksons death on both loans were approximately __. Both loans were scheduled to mature in 2011.

MiJac Music. In December 2009, the special adminstrators succesfully negotiated with HSBC to refinance and restructure the HSBC loand and the Plainfield loan into a new loan ("the HSBC Agreement"), with more favorable terms, including a reduction in the interest rate, which will save the Estate approximately ___% per month. In addition, the special adminstrators restructred the loan in a manner that will allow the Estate to use all of the interest payments (rather than only a portion of the interest payments) as an income tax deduction, resulting in further savings to the Estate of approximately $3 million in taxes over a five year period. The financing transaction was approved by this Court pursuant to its order entered December 8, 2009.

SONY/ATV. Michael had also pledged his fifty percent interest in SONY/ATV as security for a loan issued by Barcalys Capital. At the time of Michael Jacksons death, the balance due on SONY/ATV Loan was approximately $___ dollar. The loan matures on December 3, 2010. The loan is further secured by a guranty given by Sony Global Treasury. In exchange for securing Sony's guaranty, Michael Jackson was required to give up significant rights to control and/or sell his interest in SONY/ATV as well as granting SONY protections in the event of default.

The special adminstrators have recently completed successful negotiations with UBS to refinance the loan secured by the Estate's interest in SONY/ATV as well as extensive negotiations with Sony to complete the refinance transaction. The special adminstrators task was challenging. The negotiations resulted in an amended agreement with Sony to great benefit of the Estate and a new loan at a substantially lower interest rate for the Estate, which is locked in for the period of the time.  

THE BENEFICIARIES

Michael Jacksons assets were highly leveraged, with some of the debt in default. The mortage and utilites for Hyvenhurst had been unpaid for several months.
Michael Jackson provided sole financial support for his Minor children and was Mrs Jacksons primary source of support. The special adminstrators have endeavored to continue to meet the financial needs of Mrs Jackson and the Minor Children. The special adminstrators have done so through a family allowance for Mrs Jackson and the Minor Children, which is described in the Report of Status of the Family Allowance, as well as various other means as described below.

- At the request of Mrs Jackson, the special adminstrators expended approximately ___ on repairs and improvments on Hayvenhurst that were required in order to address substantial deferred maintenance and to accomodate the needs of the additional occupancy of the Minor Children, and provide for the security of the property and its inhabitants. The special adminstrators have continued to provide for the maintencance of Haynvenhurst, including estate management, security, and staff. The special adminstrators also purchased an automobile for the use of Mrs Jackson and the Minor Children, which is owned by an entity controlled by the Estate.

Mrs Jackson does not have any significant financial resource other than the Estate. She does not have the financial means to ______. After giving notice to and obtaining the consent or affirmation of no objection from all Margaret G Lodise, Guardian Ad Litem of the Minor Children and Joseph N Zimring, Deputy Attorney General for the California Department of Justice Office of the Attorney General, the special adminstrators loaned to Mrs Jackson ______. The loans are documented by a secured promissory note and laon agreement which provides, among other things, that the loans will be allocated to Mrs Jacksons share of the Michael Jackson Family Trust upon its funding.  

THE CREDITOR CLAIMS

At the time of Michael Jacksons death, he was embroiled in many lawsuits, including a number in which no apperance had been entered on behalf of Michael Jackson. In addition, a number of lawsuits were filed against the Estate. Sixy-five (65) Creditor claims was filed against the Estate.

(List of those who got paid in full and the more “interesting ones”).

Michael Abrams paid in full 1,419
Ayscough & Marar paid in full 31, 757
Crowe Horwarth, LLP paid in full 38, 495
Elisa Gross paid in full 3,178
Avinash Bruno Irde paid in full 8,300
Jose T Mareque paid in full 4,772
Mayer M&J, Inc Video Center paid in full 128,482
Mesereau & Yu, LLP 341, 452
Leonard Rowe paid in full 51,218

Stabler & Associates, Inc: allowed and settled
Thome Thome: no actions taken 2,300,000 00+
LaVelle Smith Jr: no actions taken 144,500
Kai Chase: paid allowed in part and settled 8,000
Raymone Bain: dismissed and currently on appeal
Universal Music Publishing Group: no actions taken 3,000

MkGenie

Jackson Executors: How We Turned it Around
9/23/2010 11:45 AM PDT by TMZ Staff   
--------------------------------------------------------------------------------

The executors in the Michael Jackson Estate have just filed legal docs explaining how they turned chaos and financial ruin into a booming, postmortem business.

According to the docs, obtained by TMZ, Jackson owed 10's of millions of bucks at the time he died.  We've previously reported how the Jackson family was about to lose their home in Encino and Jackson was on the brink of going belly up.

Executors John Branca and John McClain turned things around in a big way, for two primary reasons.  First, they restructured all of his debts and got creditors to significantly lower killer interest rates.

Secondly, the executors went full bore to generate revenue -- and the brass ring was the movie, "This Is It."  According to the docs, the flick grossed $260,000,000, the most lucrative documentary in history.

As for the album, "This Is It," it sold 5 million copies, making it the 3rd biggest album in 2009.

As for other deals, the executors:

- Republished the "Moonwalk" book
- Made mega-merchandising agreements for all things MJ
- Distributed a leather-bound, coffee table book on the life of MJ
- Renegotiated MJ's royalty agreements with record label

But there were lots of legal fees that were incurred to make the estate money -- more than $3.8 million since Jacko's death.

The estate also notes what we've already reported -- that they paid off the Jackson family home in Encino, bought Katherine Jackson a car and did lots of other stuff for the famil

sw3etsom

求高手来翻译

Callas

多谢了，有空会慢慢来看的。

秋刀鱼1979

谢谢老K带来的消息！

marryjj

谢谢分享！

wway284

感谢楼主分享

bsb12

过去看看是什么

hsh

期待着2010的活动呵呵

angieliong

KIV.........will read when free . Thanks Keen for sharing this .

斜阳漠漠

英文盲飘过
求翻译
另，感谢keen！

kanbor32

At the time of Michael Jacksons death, the MJJ Business faced very challenging circumstances. Michael dided virtually on the eve of a sold-out and extraordinary expensive concert tour, “This is It”, exposing the Estate to substantial financial liability in the tens of million dollars. In addition, his business affairs were, to a large extent, in disarray. Among other issues, Michael had changed business managers, lawyers and personal management several times in the years prior to his death, most recently in the weeks and months prior to his death, and the transfer of files to his last team of advisors and representatives was in transitition at the time of his death. As a result, Michaels financinal and legal documnetns were scattered around the country and the location of many documents was not ascertainable as of the date of death. The Estate was embroiled in a variety of legal and financial problems that were presented, and continue to present, difficult issues whihc must be addressed effectively and efficently. Michael Jacksons assets were highly leveraged, with some of the debt in default. Since their appointment, the special adminstrators have acted promptly and decisively to identify and analyze the issues, marshal, and control the assets, resolve much of the litigation and actively contest the balance of the ligitation, aggressively take action to protect and enforce the Estates trademark and copyrights from oppurtunists worldwide, renegotiate and restructure existing financing arrangements, reducing the interest and income taxes and repaying principla, enter into unprecedented business deals that have produced, and will in the future produce, significant revenues for the Estate, and have successfully rebuilt and enhanced Michael Jacksons image with the release of the movie and song “This Is It”.  

迈克尔•杰克逊去世后，他的资产与事业陷入挑战性的局面。他身后留下了巨资准备的演唱会“THIS IS IT”和销售一空的门票。管理巨额财产的责任由遗产公司肩负。此外，他的事业陷入了大范围的紊乱。迈克尔生前数次更换了商业管理者、律师和私人助理，最后的一次就在他去世前几周。在他离世之际，文件被转交给他最后确认的顾问团队。带来的后果是，迈克尔的财产和法律文件被分散在各地，文件所在的位置也不确定。由此引发、以及将会引发的一系列法律和财产问题，使遗产公司深陷其中。各种问题急需快速有效地被归档。迈克尔•杰克逊的财产被一些负债严重影响。

任命后的执行人们采取了迅速果断的行动来鉴别分类这些问题，整理、控制固定资产，解决了大部分的诉讼，积极赢得诉讼的平衡，积极采取措施在全世界范围内保护和加强商标和版权，进行资产重组，减少借贷和个人所得税，偿还本金，进入已经产生或将要产生出的前所未有的领域，为遗产公司带来了显著的收益。并通过发行电影及单曲《THIS IS IT》，成功地重建与发扬光大了迈克尔·杰克逊的形象。

lll3401

TII确实让那些不了解MJ的人,看到了与以往媒体所报道的完全不同的MJ,对MJ有了重新的认识.
我也是通过这部电影对迈的爱上升到更高一个层次,我比以往更加敬重MJ。

kenle

...jacko's death tmz還是改不了狗吃屎的惡習慣