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Michael Jacksons Money Man Also Has Sony/ATV Side Gig

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#1

18-04-2015, 04:31 AM

CherubimII

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Michael Jacksons Money Man Also Has Sony/ATV Side Gig

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Michael Jacksons Money Man Also Has


Sony/ATV Side Gig
By Claire Atkinson
April 17, 2015 | 11:04pm
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Michael JacksonPhoto: AP
http://nypost.com/2015/04/17/michael...yatv-side-gig/
The man who holds the purse strings to Michael Jacksons estate has also
managed to carve out a lucrative side gig at the late singers music publishing
company.
John Branca, a top entertainment lawyer and one of two executors for Jacksons
estate, sits on the board of Sony/ATV, which owns the bulk of the singers song
catalog.
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catalog.
He also has landed a role as a senior adviser to parent Sony. His salary, which
started at $500,000 in 2014, is set to rise to $1 million next year, according to
emails leaked by Sony hackers.

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John BrancaPhoto: Ramey Photo
Several sources tell The Post that Branca has sought a top role at Sony/ATV,
which is run by CEO Martin Bandier, for some time but that Sony offered
alternative arrangements instead.
His dual roles as a paid adviser to the Sony/ATV board of which he is also a
member led to some handwringing within the company, according to the emails
that came to light this week on WikiLeaks.
Top Sony executive Nicole Seligman scratched her head trying to figure out to
whom Branca should report without ruffling feathers.
She wrote in one email: Bandier is awkward because Branca is on the Board
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She wrote in one email: Bandier is awkward because Branca is on the Board
(as is Bandier), the Board is awkward because he is on it, so why pay him to
advise it?
The fact that Branca wears more than one hat is also raising some questions
among outside observers.
Branca, along with co-executor John McClain, is tasked with assuring the
financial future of Jacksons three children with much of their income derived
from the Gloved Ones song catalog.
Sony/ATV is co-owned by Jacksons estate and Sony. The music venture has
been expanding, including teaming with an investor consortium to acquire the
publishing assets of EMI in 2012.
Its a serious conflict of interest, said one person, referring to Brancas
two hats working for the kids and the company. How can he be taking
money from the asset that the kids own 50 percent of?
Branca was said to be overseas and unreachable. His lawyer, Joel Katz,
declined to comment.
But Brancas supporters say he is only looking out for the Jackson familys
interests by getting even closer to their profit source. As a consultant to
Sony, he can help maximize the value of the music assets, such as
advising on the purchase of new catalogs.
Branca is one of the top lawyers in the field of music and is a partner in
the law firm Ziffren Brittenham. He has represented the likes of The
Beach Boys, The Doors and Berry Gordy, among others.
In his consulting role, Branca will provide legal advice on matters related to
music publishing, artist development and relationships, and other matters of
importance, according to the emails.
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importance, according to the emails.


http://nypost.com/2015/04/17/michael...yatv-side-gig/

God, I thank you for allowing Michael to continue to watch over his
children:
Prince Michael, Paris, and Blanket.

#2

18-04-2015, 07:44 AM

Bubs

Re: Michael Jacksons Money Man Also Has Sony/ATV Side Gig
Whats this is all about?
Since Sony/ATV beginnings, there has always been someone from MJ's
camp sitting on board, for example Dileo, Raymone, Tohme and even
Branca previously.
I think it is only right to have someone from MJ's camp on the board so it is
not just Sony who gets all the benefits of it. I'm sure once the kids grows up,
one or more of them will be sitting on board.

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Its a serious conflict of interest, said one person, referring to Brancas two
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Its a serious conflict of interest, said one person, referring to Brancas two
hats working for the kids and the company. How can he be taking money
from the asset that the kids own 50 percent of?
Is that Taaj Malik

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#3

18-04-2015, 08:09 AM

respect77

Re: Michael Jacksons Money Man Also Has Sony/ATV Side Gig
Is that Taaj Malik
Actually I can imagine the New York Post took this from fan boards. I have
seen these discussions by anti-Estate fans on certain boards. Slow news day
it seems and I guess Stacy Brown too is on a vacation, if the New York Post
has to rehash fan board discussions as "news".

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#4

18-04-2015, 08:54 AM

Bubs

Re: Michael Jacksons Money Man Also Has Sony/ATV Side Gig
I know there are various posts from TM in LSA (if thats what you mean?)
and it wouldn't be first time when she is pestering tabloids for her antiestate "scoops"

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#5

18-04-2015, 09:20 AM

respect77

Re: Michael Jacksons Money Man Also Has Sony/ATV Side Gig
Originally Posted by Bubs
I know there are various posts from TM in LSA (if thats what
you mean?) and it wouldn't be first time when she is pestering
tabloids for her anti-estate "scoops"

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There is a poster on LSA who calls himself truth78 and he is spamming the
forum with this stuff for weeks now. I don't think it's Taaj Malik. Apparently
it's a male.

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#6

18-04-2015, 03:37 PM

marc_vivien

Re: Michael Jacksons Money Man Also Has Sony/ATV Side Gig
Its the b__marco guy

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#7

18-04-2015, 05:49 PM

ivy

Re: Michael Jacksons Money Man Also Has Sony/ATV Side Gig
Originally Posted by Bubs

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Whats this is all about?


Since Sony/ATV beginnings, there has always been someone
from MJ's camp sitting on board, for example Dileo, Raymone,
Tohme and even Branca previously.
I think it is only right to have someone from MJ's camp on the
board so it is not just Sony who gets all the benefits of it. I'm
sure once the kids grows up, one or more of them will be
sitting on board.
He is on the board of directors but apparently he also got an advisory job

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#8

18-04-2015, 05:49 PM

Tygger
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Re: Michael Jacksons Money Man Also Has Sony/ATV Side Gig
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Anyone who has read Sonys email leaks would know the
consultant/adviser role Branca requested at the surprise of Sony is
described incorrectly in this article.

Last edited by ivy; 19-04-2015 at 02:47 AM.

#9

18-04-2015, 06:25 PM

LindavG

Re: Michael Jacksons Money Man Also Has Sony/ATV Side Gig
Originally Posted by ivy

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He is on the board of directors but apparently he also got an


advisory job
And how does this negatively affect the Estate?

Last edited by ivy; 19-04-2015 at 02:47 AM.

18-04-2015,
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#10

18-04-2015, 07:11 PM

ivy

Re: Michael Jacksons Money Man Also Has Sony/ATV Side Gig
Originally Posted by LindavG
And how does this negatively affect the Estate?
it doesn't. depending on your perceptions you can see it as a possible
conflict of interest or not.

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Last edited by ivy; 19-04-2015 at 02:50 AM.

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#11

18-04-2015, 10:02 PM

barbee0715

Re: Michael Jacksons Money Man Also Has Sony/ATV Side Gig
Did they call him a bad name instead of an adviser? I wouldn't be surprisedI read a few of them this morning (not digging through them, it was posted
on the Associated Press) where they disparaged Bruce Jenner and some
other people. These execs are something else.

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I do see where an advisory position would be a conflict of interest with the


board itself. But I'm glad he's a board member-I would want someone
looking out for one of the Estate's most valuable assets. And his past
successes in Entertainment Law speak for themselves. Glad it was done in
the past and glad it's done now.

Last edited by ivy; 19-04-2015 at 02:52 AM.

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18-04-2015, 10:09 PM

Autumn
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Autumn II

Re: Michael Jacksons Money Man Also Has Sony/ATV Side Gig
Originally Posted by ivy

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He is on the board of directors but apparently he also got an


advisory job
Whether or not this is a conflict of interest depends on how Sony has
structured its board of directors. Some boards are advisory and only use
membership from outside the company for oversight (i.e. not paid
employees, although they may be shareholders.). Some boards do have
authority over hirings/firings, salary, etc., in which case the dual role could
be a conflict. I don't see a conflict with the estate, though, because the goal
would be the same -- to preserve and increase the revenue stream (Branca
gets a percentage of the earnings of the estate, so he has a vested interest
to see that Sony does well, for the estate, for the heirs, and for his own
revenue.)

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#13

18-04-2015, 11:35 PM

ivy

Re: Michael Jacksons Money Man Also Has Sony/ATV Side Gig
Originally Posted by barbee0715
..
Here's the source email : https://wikileaks.org/sony/emails/emailid/139814

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Last edited by ivy; 19-04-2015 at 02:52 AM.

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#14

19-04-2015, 12:24 AM

barbee0715

Re: Michael Jacksons Money Man Also Has Sony/ATV Side Gig
^^ok thank you both for the info and for the link. I read the link on my
phone.
What I read made it sound like a conflict due to reporting to a 3 person
team, including a member of the Estate. Well that's him or McLain. When I
get to a PC I will try to look further. Thank you.

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#15

19-04-2015, 02:15 AM

Autumn II

Re: Michael Jacksons Money Man Also Has Sony/ATV Side Gig
Originally Posted by ivy

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Here's the source email :


https://wikileaks.org/sony/emails/emailid/139814

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Thank you! Now THAT is very useful, as a "primary source." (and oops
about the leakage? Sony's problem, obviously.) Whether or not it was/is a
conflict-of-interest is an internal matter for Sony to sort out, but I can't see
how it would affect or in any way compromise his duties to the estate.

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