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Home / News Archive / News May 2003

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Hits Daily: Michael Worth One Billion. 30-05-'03

As the media continues to publish stories about a "near bankrupt" Michael Jackson, Hits Daily Double posted the following on their site.

Jackson still got jack: Amid renewed press speculation as to Michael Jackson’s solvency or lack thereof, Charles Koppelman emerges as The Gloved One’s latest advisor/manager. Whisperers whispering that while Jackson may not be liquid, he continues to hold assets valued at up to $1 billion, including his stake in Sony ATV Publishing (said to be worth $500-700m), his own publishing company, the Neverland Ranch and his master reversions.

MJ Billion

Source: Hits Daily / Billie Jean


Judge To Decided Whether To Throw Out Suit Against Jackson. 26-05-'03

A Los Angeles judge said on Monday that she would consider throwing out a lawsuit against Michael Jackson by a former top financial advisor who claims that he is owed $12 million by the King of Pop.

Superior Court Judge Andria Richey said she would also consider request from news organizations to televise the bitter court fight between Jackson and Myung-Ho Lee if it goes forward as scheduled on June 18. Jackson's lawyer, Zia Modabber, urged Richey to ban cameras from the courtroom, citing a worldwide media sensation during his November testimony in a central California court case.

"The vast majority of the press in that case had to do with what his face looked like and how he acted when he walked through the door," Modabber said. "He has to come in here and endure what really no-one else does by virtue of who he is."

Source: Reuters / Billie Jean


Michael JacksonMichael Jackson 'Nearing Bankruptcy'. 25-05-'03

Michael Jackson is saddled with debt and nearing bankruptcy, claim his former financial advisers in a lawsuit.

The lawsuit, set for trial June 18, claims Michael's extravagant spending has created "a ticking financial time bomb waiting to explode at any moment".

Union Finance and Investment Corp of South Korea filed the lawsuit in Los Angeles Superior Court last year (02), claiming Jackson owes the firm $12 million in fees and expenses, plus interest. The firm says Jackson previously paid them only $3 million.

Jackson's family attorney Brian Oxman defends, "I see no signs of this impending disaster. I cannot say it for 100 per cent sure because nobody knows his financial statements. But I can say it for a reasonable certainty."

Oxman also says Union Finance has been paid for its work.

Jackson hired Union Finance in 1998 to help straighten out his finances, according to the lawsuit. The firm says it soon discovered that Jackson had only two months' worth of available funds.

Union Finance's lawyer Pierce O'Donnell says, "For whatever reason, Michael Jackson is not paying his debts. He has little or no means of income. He lives off a line of credit."

Forbes magazine last year (02) estimated that Jackson was earning $50 million a year at the height of his popularity in the 1980's and 1990's and had amassed $500 million over his career. Forbes estimated Jackson has $200 million in debts but a net worth of $350 million.

Source: Contact Music / Billie Jean


Michael JacksonJackson Ordered Back To Court. 24-05-'03

Michael has been ordered to return to court - despite his recent illness.

The popular singer has been told by American federal judge Philip Simon he must return to Indianapolis, America within three weeks to give a deposition, which originally failed to do after being taken to hospital last week with a mystery illness.

Judge Simon had ordered single-parent Jackson to give a deposition in a lawsuit alleging that his former family band, the Jackson five, used the name of another band and two of their songs without license.

Gordon Keith, who signed the Jackson Five to his Steeltown Records label in 1967, and musician Elvy Woodard accuse Michael, Jackie, Tito, Jermaine and Marlon Jackson of infringing on the trade name Ripple + Waves - the name of another band during the 1960's.

Source: Contact Music / Billie Jean


Michael JacksonMichael Jackson Suffered 'Reaction To Lawsuits'. 23-05-'03

Michael Jackson's mystery illness has been revealed - he suffered a severe "reaction to lawsuits".

Michael was briefly hospitalised for dehydration on Wednesday (May 21) in Indianapolis, America - shortly before a scheduled deposition in a copyright lawsuit.

Jackson family lawyer Brian Oxman explains, "Some people react to food. Some people react to lawsuits. I have seen this before. He gets upset, he doesn't drink, he doesn't eat, he can't sleep. It gets to the point where he just can't stand it. He is exhausted with this kind of thing."

Oxman says the 'Thriller' star has given about 500 depositions and been involved in more than 1,500 lawsuits in his career.

He adds, "This is the kind of life that Michael leads. No one wants to be reasonable. Everyone wants to be crazy. He is tired of being sued."

Jackson spent a couple of hours in the hospital for rehydration treatment before returning to Los Angeles, where he is involved in another lawsuit brought by the singer's former manager who claims he is owed millions of dollars in back pay. Jackson is not expected to appear.

The Indianapolis deposition, which will have to be rescheduled, involved a lawsuit alleging that the Jackson 5 used the name of another local band and two of their songs without license.

Source: Contact Music / Billie Jean


Gary IndianaMichael Jackson In Hospital. 22-05-'03

Pop superstar Michael Jackson has been rushed to hospital in his native Indiana, America suffering a mystery illness.

Michael was taken to hospital in nearby Indianapolis for observation and treatment yesterday after falling ill.

Jackson, who grew up in nearby Gary, Indiana, was due to appear in court in the city yesterday (May 21) in a lawsuit that accuses his former group the Jackson 5 of using another group's songs without their permission.

His lawyer Brain Oxman says, "He was not feeling well and was feeling weak."

"He can become very concerned and nervous at depositions. He doesn't like lawsuits, and it makes him ill to have to cope with litigation that people seem to heap on him."

Jackson was released after a couple of hours and boarded a private jet to return to Los Angeles.

Source: Contact Music / Billie Jean


MJ Taco BellMichael Jackson Loves Taco Bell! 20-05-'04

Reclusive pop star Michael Jackson, wearing a red-and-blue Spider-Man mask, popped into a congressman's field office, seeking an answer to a critical issue. The costumed Jackson had a question for Steve Lavagnino, the deputy director in the new Solvang office of Congressman Elton Gallegly.

Jackson asked: "How come Solvang doesn't have any fast food restaurants?" After being told Solvang's only chain restaurant was a Subway sandwich shop, Jackson replied, "I love Taco Bell." The entertainer then pulled his webbed-crusader disguise off his face and apologized for disturbing Lavagnino, although Jackson didn't know what kind of office he'd wandered into. "I've seen you on TV," said LavagNiño, whose father Larry is the mayor of nearby Santa Maria. "Don't believe everything you see on TV," replied Jackson, who isn't registered to vote in Santa Barbara County. His sprawling Neverland Ranch is nearby. After a few more pleasantries and an autograph, Jackson rode off in a black Bentley.

LavagNiño's boss didn't believe his tale until he faxed him the autograph."Elton laughed," LavagNiño said. "It's very hard to top that visit. My first week in the office and I get the most famous person on the planet." Jackson later was seen at a Taco Bell/Pizza Hut drive-through window in Buellton. After ordering two cheese pizzas, breadsticks, water and three chicken soft tacos, Jackson was spotted in the passenger seat. As his pizzas cooked, Jackson, face exposed, talked to employees and signed autographs, said Ana Torres, restaurant assistant manager. "He was great," Torres said. "We all got his autograph. He talked to customers." Jackson also had his son, Prince Michael, with him, she said. "He had blond hair, he was really cute," Torres said.

Source: MJFC / Billie Jean


Michael Arrives In Indianapolis And Checks Into The Canterbury Hotel. 20-05-'03

Gary IndianaMichael Jackson is scheduled to be in Indianapolis this week to give a deposition in a copyright lawsuit. Michael arrives with his cousins Rijo, Simone, Elijah & Levon.

The time and place of the deposition are being kept secret, but some fans think they know where it will take place.

WISH-TV reports that a few dozen fans have gathered outside the Canturbury Hotel in downtown Indianapolis in hopes of catching a glimpse of the King of Pop.

The deposition is scheduled to take place tomorrow. The lawsuit accuses the Jackson Five and others of infringing the trade name of Ripples and Waves, another Gary band from the 1960's, and two of their songs.

Jackson's attorney has also asked to keep the transcript of the deposition sealed, bar media from the deposition room, and prohibit recording devices other than those utilized by the court reporter and videographer.

Source: AP / Billie Jean


Al Malnik's 70th Birthday Party. 18-05-'03

Wearing Seventies clothes and an afro wig, Michael attends Saturday night (May 17) a party at Miami’s Forge night-club for owner Al Malnik’s 70th birthday with Aldo Cascio, Chris Tucker, Brett Ratner & Wiesner among others.

The 'Thriller' singer has spent two decades constantly changing his appearance but he stunned onlookers at the weekend with an image similar to that of the one he sported in his The Jackson 5 days, over 20 years ago.

Jackson swapped his usual wavy black mane for a bulbous head of hair, and completed the look by stepping out in a sequined shirt and flared trousers.

One astounded guest says, "From the back, he looked just like the young Michael Jackson but, as soon as he turned around, you could see he was different."

Al Malnik's 70th Birthday Party
Michael Jackson relived the 70's era at a 70's style themed party held at Miami's Forge nightclub on Saturday night. The party was held to celebrate the nightclub owner Al Malnik's 70th birthday.

Source: Contact Music / Billie Jean


Jackson Is King Of The Castle. 11-05-'03

Michael has splashed out on a medieval-style castle in the south of Florida.

The pop star reportedly paid $15 million for Tyecliffe Fort, which boasts huge grounds, a lagoon and English country-style pub.

With the legendary Neverland ranch on the market for a reported $24 million - owing to rumours of a cash-flow problem - the new castle may well become Michael's main home.

Sales brochures for Tyecliffe Fort describe it as having "majestic surroundings, combining the splendour of the past with the utmost luxury. The estate boasts expansive terraces, lavish gardens, a main and guest yacht docks, and waterfall".

They add, "Items of interest include an elegant drawing room displaying a beamed cathedral ceiling, chandeliers and a huge Norman-style fireplace, faced in lava rock.

"An oak staircase leads to the pub, Tyde's Tavern, an exact replica of an English country pub."

Tyecliffe Fort
Tyecliffe Castle" - German style, 5 story castle, 24,000 s.f. built in late 60's early 70's. Design by architect John Volk , it is located in the city of coral gables, Florida.

Source: MJFC / Billie Jean


Michael Jackson's 30th Anniversary Celebration'Michael Jackson's 30th Anniversary' Special To Air In India. 09-05-'03

According to 'Star World' tv channel in India the Michael Jackson and his special to the '30th anniversary' will be shown in India.

Michael Jackson's admirers, fans and friends of the music world and Hollywood. They got together to salute him on his 30th anniversary as a solo performer...and this exclusive event will be brought to you by Star World'.

Taped before a live audience from New York's Madison Square Garden, this special earmarks Jackson's first live US performance in nearly 11 years and the first reunion with his brothers in 20 years. The roster of performers and guests reads like a Who's Who A-list and includes the talents of Marc Anthony, Destiny's Child, Missy Elliott, Gloria Estefan, Nelly Furtado, Whitney Houston, James Ingram, Al Jarreau, Gladys Knight, Liza Minnelli, Monica, Aaron Carter, 'N Sync, 98 Degrees, Gloria Gaynor, Usher, Billy Gilman, Shaggy, Luther Vandross, Dionne Warwick, Mya, Lil' Romeo, Jill Scott and a host of others, including some surprise guests. Additionally, Elizabeth Taylor, Samuel L. Jackson, and Chris Tucker are among the many celebrities making a special appearance for the event.

Celebrating the reunion of the Jackson Five, the brothers perform such hits as 'ABC', 'The Love You Save', 'I'll Be There', 'I Want You Back', and 'Can You Feel It', and are joined by boy band favourites *NSYNC. In addition, many superstars take the spotlight and pay tribute to the 'King of Pop' with electrifying versions of chart busting Jackson hits.

Michael Jackson: 30th Anniversary Special is a once-in-a-lifetime television special! Don't miss it on Monday, May 12, 2003 at 8 PM.

Source: Star World TV / Billie Jean


Michael JacksonJackson Sues Motown. 09-05-'03

Michael Jackson is suing Motown Records for money he says he is owed for classic Jackson Five songs. He filed a lawsuit in Los Angeles alleging he has not been paid royalties due for the music.

Jackson also claims his music has been used in television adverts without his consent.

Motown Records was the best known soul music label in the US when Jackson and his brothers recorded a string of hits for it in the late 1960's and early 1970's, including 'Never Can Say Goodbye', 'I Want You Back' and 'I'll Be There'.

But the Jackson Five left Motown in 1976 to sign for Sony under the name The Jacksons following severe rows, which were only settled in an 1980 agreement.

Jackson now wants the this settlement annulled by the Los Angeles Superior Court.

But Jackson contends Motown was to pay royalties for previously unreleased material and songs re-released on best-of compilations.

Jackson alleges he has not been paid "a single dollar in royalties".

His lawyers are suing Motown's new owner Universal Music for unpaid royalties, as well as punitive damages which could run into millions of dollars.

Furthermore, Jackson is demanding the return of "all master recordings and musical compositions made and/or composed by Jackson" during his record contract with Motown.

Universal Music has refused to comment.

This lawsuit comes almost a year after Jackson sued his current record label, Sony, and its then chief executive Tommy Mottola, for what he described as racist business practices, a charge the company rejected as absurd.

Michael Jackson's last album for Sony, 'Invincible', cost a reported $30m (£18.6m) to produce but sold a modest two million copies.

In February, Jackson was ordered to pay $5.3m (£3.3m) to a concert promoter after pulling out of two Millennium Eve concerts.

After several bizarre court appearances in which the star compared himself to Walt Disney because he could not deal with administrative issues, a judge in Los Angeles ruled in favour of promoter Marcel Avram.

Source: BBC / Billie Jean


Emmanuel De Reyghere
Belgian Michael Jackson look alike Emmanuel De Reyghere.

Jackson Fan Tries Hard To Resemble His Hero. 02-05-'03

Michael Jackson's repetitive trips to the plastic surgeon have proved inspirational to one male fan - he's had nine facial alterations in a bid to resemble the pop superstar.

Belgian Emmanuel De Reyghere brags that he enjoys spending bundles of cash in attempts to look like the 44-year-old 'Bad' singer - and people should accept it as perfectly normal.

Mr De Reyghere told the Belgian newspaper 'Het Laatste Nieuws' that he has few friends, and his girlfriend left him four years ago.

He said: "Some people spend their money on golf. I just spend all my money on making my face look like him.

"People recognise me. Two minutes after I walked into a pub, the owner put on a record of Michael Jackson.

"It's the biggest reward I can get. I'm very pleased with the body I have now."

Source: Billie Jean


Michael visited Aventura MallMJ Mobbed By Thousands In Aventura Mall. 02-05-03

Michael Jackson visited Aventura Mall in Aventura Florida yesterday (May 1) . The whole scene was a mass-hysteria of people trying to get an eye on the King Of Pop.

Michael was a much-welcomed customer at a Florida bookstore when he spent a reported $10,000 on merchandise.

While he was closely guarded by security inside the store, Jackson was swarmed by zealous fans as he was escorted to his car. And Jackson's admirers weren't left completely empty-handed -- the former Jackson Five singer managed to squeeze some autographed sheets of paper through the top of his car window before being whisked away.

WSVN Ch. 7 Miami-Fort Lauderdale was reporting the story all day long, covering the news in a very positive way. “If you thought fans were over Michael Jackson, you might want to think again,” the station said. Michael signed a store wall in the Mall and was signing autographs and giving hugs to his fans.

Source: MJNI / Billie Jean

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