What?!! Little Richard Got HOW MUCH Money From Michael Jackson?!!

Authored by iloveoldschoolmusic.com and submitted by IamMrEric

ALL of his publishing rights back because he believed that Little Richard deserved to be compensated for his hard work after having been disrespected by his record label for so many years prior to.

According to Celebrity Net Worth, Little Richard’s net worth is $40 million, so we’re sure those publishing checks had a lot to do with that.

As we all know, most soul artists were not getting paid what they were worth back in the day and Little Richard was caught up in that mix. So it’s beautiful thing to have had an artist like MJ in the music game who was willing to reach back and uplift the greats who paved the way for him.

One thing about Micheal is that he was not as soft spoken as we may have thought and he was NOT one to be tested on any level. Don’t believe us? Check out this EXTREMELY RARE video of MJ telling a modest crowd of his fans how much he ain’t never scared of the execs in the music industry who were trying to do everything in their power to destroy him.

Catch-up on June 20th, 2018 at 05:13 UTC »

Just to answer some questions people have about how exactly Jackson had acquired the ATV Catalogue [this was taken from a previous comment of mine]:

Michael Jackson's attorney at the time, John Branca, informed Michael of the availability of the ATV catalogue in September 1984 and would finally come into possession of the songs in August 1985.

In fact, Paul McCartney had tried to buy ATV in 1981. He asked Yoko Ono to purchase the publishing house with him for twenty million dollars, ten million each, but she thought it was too much money and declined. Because Paul didn't want to spend the twenty million dollars himself, the deal fell through.

...

John [Branca] said he would see what he could do. He then telephoned John Eastman, Paul McCartney's attorney and brother-in-law, and asked if Paul was planning to bid on the catalogue. 'No,' Eastman said. 'It's too pricey.'

...

The next few months were filled with intensive and frustrating negotiations. Bidding against Michael were Charles Knoppelman and Marty Bandier's Entertainment Company; Virgin Records; real estate tycoon Samual J. LeFrak; and financier Charles Knapp. At one point, John Branca called off negotiations, completely. During those eight tense months, Paul McCartney again tried to convince Yoko Ono to join him in a bid. When Yoko repeated that she was not interested, Paul decided not to bid.

...

An associate of Michael's said, 'Privately, Michael's feeling was: Paul had two chances to buy the company. Both times, he was too cheap to spend the money. Mind you, Paul is said to be the richest entertainer in the world, worth about $560 million. His royalties in one year come to $41 million. As Mike told me, "If he didn't want to invest £47.5 million in his own songs, then he shouldn't come crying to me now." '

These quotes were taken from Michael Jackson: The Magic & the Madness by author J. Randy Taraborrelli, 2004, Pan Books, London. p 337-339.

IceColdInferno on June 20th, 2018 at 01:05 UTC »

But he refused to give Paul McCartney back the beatles songs

BreakingNews99 on June 20th, 2018 at 01:01 UTC »

Interesting enough. I was looking up one of his favorite words”shamone” it was in honor of Mavis Staples from her song “I’ll take you there” 1975