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Michael Jacksons Money Man Also Has Sony/ATV Side Gig

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18-04-2015, 04:31 AM

Michael Jacksons Money Man Also Has Sony/ATV Side Gig

Michael Jacksons Money Man Also HasSony/ATV Side GigBy 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 alsomanaged to carve out a lucrative side gig at the late singers music publishingcompany.

John Branca, a top entertainment lawyer and one of two executors for Jacksonsestate, sits on the board of Sony/ATV, which owns the bulk of the singers songcatalog.


catalog.

He also has landed a role as a senior adviser to parent Sony. His salary, whichstarted at $500,000 in 2014, is set to rise to $1 million next year, according toemails leaked by Sony hackers.

Modal TriggerJohn 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 offeredalternative arrangements instead.

His dual roles as a paid adviser to the Sony/ATV board of which he is also amember led to some handwringing within the company, according to the emailsthat came to light this week on WikiLeaks.Top Sony executive Nicole Seligman scratched her head trying to figure out towhom Branca should report without ruffling feathers.She wrote in one email: Bandier is awkward because Branca is on the Board


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 toadvise it?

The fact that Branca wears more than one hat is also raising some questionsamong outside observers.Branca, along with co-executor John McClain, is tasked with assuring thefinancial future of Jacksons three children with much of their income derivedfrom the Gloved Ones song catalog.

Sony/ATV is co-owned by Jacksons estate and Sony. The music venture hasbeen expanding, including teaming with an investor consortium to acquire thepublishing assets of EMI in 2012.

Its a serious conflict of interest, said one person, referring to Brancastwo hats working for the kids and the company. How can he be takingmoney 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 familysinterests by getting even closer to their profit source. As a consultant toSony, he can help maximize the value of the music assets, such asadvising on the purchase of new catalogs.Branca is one of the top lawyers in the field of music and is a partner inthe law firm Ziffren Brittenham. He has represented the likes of TheBeach Boys, The Doors and Berry Gordy, among others.

In his consulting role, Branca will provide legal advice on matters related tomusic publishing, artist development and relationships, and other matters ofimportance, according to the emails.


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 hischildren:

Prince Michael, Paris, and Blanket.

18-04-2015, 07:44 AM

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'scamp sitting on board, for example Dileo, Raymone, Tohme and evenBranca previously.I think it is only right to have someone from MJ's camp on the board so it isnot 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.

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 twohats working for the kids and the company. How can he be taking moneyfrom the asset that the kids own 50 percent of?

Is that Taaj Malik

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18-04-2015, 08:09 AM


Actually I can imagine the New York Post took this from fan boards. I haveseen these discussions by anti-Estate fans on certain boards. Slow news dayit seems and I guess Stacy Brown too is on a vacation, if the New York Posthas to rehash fan board discussions as "news".

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18-04-2015, 08:54 AM


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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18-04-2015, 09:20 AM


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

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Originally Posted by Bubs

I know there are various posts from TM in LSA (if thats whatyou mean?) and it wouldn't be first time when she is pesteringtabloids for her anti-estate "scoops"


18-04-2015, 03:37 PM


Its the b__marco guy

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18-04-2015, 05:49 PM


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ivy

Originally Posted by Bubs


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



Sep 2009USA14,708413

Whats this is all about?Since Sony/ATV beginnings, there has always been someonefrom 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 theboard so it is not just Sony who gets all the benefits of it. I'msure once the kids grows up, one or more of them will besitting on board.

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18-04-2015, 05:49 PM


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Anyone who has read Sonys email leaks would know theconsultant/adviser role Branca requested at the surprise of Sony isdescribed incorrectly in this article.

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

18-04-2015, 06:25 PM


And how does this negatively affect the Estate?

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Originally Posted by ivy

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


18-04-2015, 07:11 PM #10


18-04-2015, 07:11 PM


it doesn't. depending on your perceptions you can see it as a possibleconflict of interest or not.

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Originally Posted by LindavG

And how does this negatively affect the Estate?


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18-04-2015, 10:02 PM #11


18-04-2015, 10:02 PM


Did they call him a bad name instead of an adviser? I wouldn't be surprised-I read a few of them this morning (not digging through them, it was postedon the Associated Press) where they disparaged Bruce Jenner and someother people. These execs are something else.

I do see where an advisory position would be a conflict of interest with theboard itself. But I'm glad he's a board member-I would want someonelooking out for one of the Estate's most valuable assets. And his pastsuccesses in Entertainment Law speak for themselves. Glad it was done inthe past and glad it's done now.

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18-04-2015, 10:09 PM #12

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Whether or not this is a conflict of interest depends on how Sony hasstructured its board of directors. Some boards are advisory and only usemembership from outside the company for oversight (i.e. not paidemployees, although they may be shareholders.). Some boards do haveauthority over hirings/firings, salary, etc., in which case the dual role couldbe a conflict. I don't see a conflict with the estate, though, because the goalwould be the same -- to preserve and increase the revenue stream (Brancagets a percentage of the earnings of the estate, so he has a vested interestto see that Sony does well, for the estate, for the heirs, and for his ownrevenue.)

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

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18-04-2015, 11:35 PM


Here's the source email : https://wikileaks.org/sony/emails/emailid/139814

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Originally Posted by barbee0715

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19-04-2015, 12:24 AM


^^ok thank you both for the info and for the link. I read the link on myphone.

What I read made it sound like a conflict due to reporting to a 3 personteam, including a member of the Estate. Well that's him or McLain. When Iget to a PC I will try to look further. Thank you.

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19-04-2015, 02:15 AM


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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 oopsabout the leakage? Sony's problem, obviously.) Whether or not it was/is aconflict-of-interest is an internal matter for Sony to sort out, but I can't seehow it would affect or in any way compromise his duties to the estate.

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