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Michael Jackson’s estate has made $2B in 13 years since his death
The latest figures, uncovered by The Sun this week on the 13th anniversary of MJ’s death, show the King of Pop’s estate has brought in over $360m in his most recent audited business year.
And for the first time, there is a confirmed payment notice for over a quarter of a billion from the late star’s EMI Music rights sale to Sony.
The business deals mean that MJ’s three children, who witnessed their dad struggle financially and become technically homeless – staying with friends while his Neverland home went into foreclosure – will forever live in luxury, without facing any financial worries.
The accounts detail the money-spinning business moves made by Jackson’s close allies, who run his estate, in securing his kids’ futures.
The paperwork confirms that Sony bought the pop star’s ten percent lifetime rights to the EMI catalog for a staggering $287.5m.
On top of that, the Beat It singer earned almost $70m from work deals.
The net value of Jackson’s property, cash accounts, and earnings overall is $883,423,593.76 – a far cry from the years after his 2009 death when he was deemed to be around $500m in the red, according to the papers.
The turnaround, led by Estate executors John Branca and John McClain, shows that Prince, Paris, and Blanket will be multi-millionaires for life.
Estate lawyer Jeryll S Cohen said in court papers: “The Executors have been able to create exceptional and unique opportunities that did not exist at the time of Michael Jackson’s death to generate substantial revenue…
“As of December 31, 2021, the Estate generated gross earnings exceeding Two Billion Dollars.
“With the assistance of their counsel, the Executors have successfully rebuilt and enhanced Michael Jackson’s image, solidified the MJJ business as a significant entity in the entertainment industry, entered into… unprecedented business deals that have produced… significant revenues for the Estate, and have settled or disposed of most of the creditors’ claims and litigation.”
Cohen went on to explain the executors had renegotiated many of Jackson’s debts and “continue to provide uninterrupted support for Mrs. Jackson and Michael Jackson’s children as Michael intended.”
Alley Theatre Receives $25 Million Matching Grant
In recognition of the largest gift in Alley history gift, the 615 Texas Avenue Theatre building will be named the Meredith Long Theatre Center.
Butch Mach, Alley Theatre Board Chair and Chairman of the Alley Theatre Vision for the Future Campaign, is pleased to announce that the Tony Award®-winning Alley Theatre received a $25 million matching grant from an anonymous donor as part of the $80 million Alley Vision for the Future Campaign. This is the largest gift in the 75-year history of the Alley. In recognition of this gift, the 615 Texas Avenue Theatre Building will be named Meredith J. Long Theatre Center in honor of the Theatre’s longtime Chairman Emeritus who passed away on June 3, 2020.
“We are so honored to be receiving such a generous anonymous gift,” stated Butch Mach. “Meredith Long played a major part in the Alley’s history as a former Board President, capital campaign co-chair, champion of new work and our Resident Acting Company. Naming the building after him is a well-deserved tribute.”
“This benevolent gift allows the Alley to flourish for decades to come,” says Alley Theatre Board President Kenneth P. Kades. “With this gift as part of the Alley Vision for the Future Campaign, the Alley will continue its mission to inspire and enchant lives with theatre that is at the highest level of artistic excellence.”
Meredith Long served on the Alley Board for 31 years where he co-chaired two of the largest fund-raising campaigns in the Theatre’s history at the time. The first campaign raised $25 million to support the renovation after Tropical Storm Allison in 2001 and created the 75,000 square-foot Alley Center of Theatre Production. The second campaign raised $56 million primarily for the renovation of the Alley Theatre Building which opened in 2016. Mr. Long also served on the Board of the John F. Kennedy Center for the Performing Arts, the Museum of Fine Arts Houston, and the Texas Heart Institute.
The Alley Vision for the Future Campaign supports the Alley’s endowment, artistic initiatives, building repairs after Hurricane Harvey, and provides reserve funds for the Theatre. The campaign is chaired by Butch Mach and has raised $54.5 million to date. Once this challenge grant is met, the Alley will successfully complete its $80 million goal.
Incentive Pay for Houston Fire Department Fast-Track Recruit Classes
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Harris County Court Blocks Enforcement of Pre-Roe Laws
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Harris County Commissioners’ Court Approves Burn Ban
Today, the Harris County Commissioners’ Court approved a Burn Ban in response to an increased threat of wildfires across unincorporated Harris County. There are now 171 Texas counties with burn bans, including Harris, Galveston, Waller, Fort Bend, Brazoria and Liberty counties.
No outdoor burning is allowed except: in an enclosure that contains all flames and/or sparks; outdoor burning activities authorized by TCEQ; approved ceremonial fires; non-commercial cooking such as backyard cookouts and barbeques are allowed; and welding and other “hot work” performed in accordance with county fire code requirements.
Violation of the ban is a Class “C” misdemeanor, punishable for up to a $500 fine. In addition, any person who starts a fire that causes damage to property without the consent of the owner may be charged with Reckless Damage or Destruction, a Class C misdemeanor, or arson, a felony.
This burn ban will not impact the sale of fireworks this Fourth of July season as it did not meet the legislative criteria for implementation based on the KBDI numbers on June 15, 2022. We strongly encourage all residents to attend professional fireworks displays. If you choose to use consumer fireworks, please read the cautionary labels, have a water source near in case of emergencies, and soak used fireworks before disposing them in the trash.
The full news release from the Harris County Fire Marshal is available here.
Houston Health Department offering more COVID-19 vaccine options for children ages 6 to 17 years old
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City of Houston Awards $328,700 in Grants to Arts and Culture Non-profit Organizations and Individual Artists
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Rescatan a inmigrantes en Nuevo León; eran llevados hacinados en un tráiler.
Al menos 110 migrantes centroamericanos fueron rescatados en un operativo del Instituto Nacional de Migración (INM) y la policía de Pesquería, los peregrinos viajaban hacinados en la caja de un tráiler.
El despliegue ocurrió en los alrededores de la colonia Dinastía.
Presuntamente la unidad de carga tipo tortón participó en un incidente vial y no pudo moverse más.
A la llegada de autoridades, el conductor del camión identificado sólo como José N, mostraba nerviosismo e inconsistencias al cuestionarle; es en ese momento que los oficiales escucharon ruidos de gente y el llanto de niños es cuando al inspeccionar el vehículo color rojo descubriendo el confinamiento de un centenar de personas.
En el vehículo viajaban al menos 110 personas, entre adultos, niños y personas de la tercera edad de distintos países:
-34 Salvadoreños
-21 Guatemala
-11 Hondura
-33 Nicaragua
-10 Cubanos
Fuente: INM
El conductor del vehículo y su camión fueron puestos a disposición de la Fiscalía General de la República, mientras que los centroamericanos fueron por el instituto nacional de migración para iniciar su trámite de repatriación.
Esta es una de los aseguramientos con mayor cantidad de indocumentados rescatados en Nuevo León.
La situación migratoria se ha visto mas a la tendencia, ya que lamentablemente el pasado 27 de junio del 2022 fue localizado un camión con 53 inmigrantes sin vida en la caja de un camión en San Antonio, Texas.
Se informo que de los fallecidos 22 son de México, 7 de Guatemala, 2 de Honduras y 19 todavía sin información sobre su nacionalidad”, confirmó el presidente de México, Andrés Manuel López Obrador durante rueda de prensa.
Situación de inmigrantes en Nuevo León.
En días pasados más de dos mil migrantes fueron abandonados en la ciudad de Monterrey durante su camino a la frontera con Estados Unidos. El Instituto Nacional de Migración ha bloqueado la opción de que este grupo de extranjeros pueda comprar billetes para abordar alguno de los autobuses que llevan a la ciudad fronteriza de Acuña, Coahuila.
La caravana migrante de centroamericanos y sudamericanos estuvo varada en la ciudad de Monterrey, aseguran en contra de su voluntad.
Los inmigrantes seguían acampando en la Central de Autobuses de Monterrey luego de una serie de protestas, bloqueos de avenidas principales, incluso de cocerse los labios.
Una brigada médica del gobierno estatal asistió para ver las necesidades de los migrantes, en el sitio había mujeres embarazadas que requerían una revisión por el avanzado estado que tenían.
Algunos comedores como la casa INDI llegaron a dejar un almuerzo a los migrantes.
Los indocumentados aseguraron que si no había reacción del Gobierno Federal, seguirán su trayecto hacia la frontera a pie, aun con el riesgo de ser detenidos por policía federal o ser victimas del crimen organizado.
Wimbledon winners join together to celebrate centenary of Centre Court
The past and the present stood together on Centre Court at Wimbledon today to celebrate the centenary of the most famous lawn in tennis prior to the start of this year’s fourth-round matches.
Prior to the match between Britain’s Heather Watson and Germany’s Jule Niemeier, BBC main presenter and 1976 French Open winner Sue Barker welcomed out previous victors in the men’s and women’s singles.
Among them was Serbian 21-time Grand Slam winner Novak Djokovic, who is due to play Dutch player Tim van Rijthoven later today.
Djokovic is a six-time men’s singles winner at Wimbledon.
He stood shoulder-to-shoulder with his great foe and 20-time Grand Slam champion Roger Federer, who has eight Wimbledon titles to his name.
Venus Williams was present as a six-time winner, but her sister Serena, a seven-time champion, was not present.
Martina Navratilova, the nine-time winner, was also absent due to COVID-19, as was German great Steffi Graff, although no reason was given for this.
Rafael Nadal, the record 22-time men’s Grand Slam champion, stood on Centre Court the day after thrashing Lorenzo Sonego of Italy, as he vies for his third Wimbledon title.
The influential Billie Jean King of the United States stood with other veterans such as Pat Cash, Rod Laver, Stefan Edberg, and Bjorn Borg.
Martina Hingis of Switzerland and Romanian Simona Halep, who is still in the women’s singles draw, were also honored.