'King of pop' Jackson signs new business adviser amid feud with old
21 minutes ago Add Entertainment
LOS ANGELES (AFP) - The troubled "king of pop" Michael Jackson (news) has signed up a new business adviser to revive his tumbling career just as a previous manager sued him and claimed he is broke.
The entertainment industry bible Daily Variety said Wednesday Jackson was teaming up with music executive Charles Koppelman who will advise him on how to exploit his musical assets and breathe new life into his recording career.
"Michael is going to be at a time in his career where he's going to be making new music and seeing his fans," Koppelman told Variety.
"I'm working with Michael on his vast publishing holdings, but also on the record side and the concert side."
Details of the deal -- that came as Jackson faces plunging record sales and reported financial woes -- were limited, the daily said, adding however that Koppelman would help Jackson record and release his next album and arrange concert tours.
Koppelman will also help the waning megastar generate revenues from his half-interest in the Sony/ATV music publishing catalogue as well as from his own MIJAC library.
The partnership was unveiled in New York, just as a Los Angeles judge was considering whether to allow a 12 million dollar lawsuit against Jackson brought by his previous business advisor to go ahead.
Judge Andria Richey on Tuesday postponed "indefinitely" her ruling on whether to dismiss the explosive breach of contract suit brought by Myung-Ho Lee that claims "@#%$" is a "ticking financial time bomb."
But court officials said she was expected to make her ruling -- which had been due this week -- public before the scheduled June 18 start of the trial that threatens to expose a raft of sensitive financial details about Jackson.
Jackson's lawyers have asked the judge to dismiss the suit, saying Lee was not owed any money since he and his firm, Union Finance and Investment Corp., were not legally licensed investment advisers in California.
The judge has also yet to rule on whether to allow television cameras to cover the trial -- something the star's lawyers are keen to avoid for fear of sparking a media frenzy.
Jackson has recently faced a string of setbacks, including a damaging new television documentary that revived the spectre of 1993 child molestation allegations against him, which were never proven, and several law suits.
In March, a jury in California ordered him to pay 5.3 million dollars in damages for failing to show up at two key concerts after he lost a high-profile trial brought against him by another former aide, concert promoter Marcel Avram.
21 minutes ago Add Entertainment
LOS ANGELES (AFP) - The troubled "king of pop" Michael Jackson (news) has signed up a new business adviser to revive his tumbling career just as a previous manager sued him and claimed he is broke.
The entertainment industry bible Daily Variety said Wednesday Jackson was teaming up with music executive Charles Koppelman who will advise him on how to exploit his musical assets and breathe new life into his recording career.
"Michael is going to be at a time in his career where he's going to be making new music and seeing his fans," Koppelman told Variety.
"I'm working with Michael on his vast publishing holdings, but also on the record side and the concert side."
Details of the deal -- that came as Jackson faces plunging record sales and reported financial woes -- were limited, the daily said, adding however that Koppelman would help Jackson record and release his next album and arrange concert tours.
Koppelman will also help the waning megastar generate revenues from his half-interest in the Sony/ATV music publishing catalogue as well as from his own MIJAC library.
The partnership was unveiled in New York, just as a Los Angeles judge was considering whether to allow a 12 million dollar lawsuit against Jackson brought by his previous business advisor to go ahead.
Judge Andria Richey on Tuesday postponed "indefinitely" her ruling on whether to dismiss the explosive breach of contract suit brought by Myung-Ho Lee that claims "@#%$" is a "ticking financial time bomb."
But court officials said she was expected to make her ruling -- which had been due this week -- public before the scheduled June 18 start of the trial that threatens to expose a raft of sensitive financial details about Jackson.
Jackson's lawyers have asked the judge to dismiss the suit, saying Lee was not owed any money since he and his firm, Union Finance and Investment Corp., were not legally licensed investment advisers in California.
The judge has also yet to rule on whether to allow television cameras to cover the trial -- something the star's lawyers are keen to avoid for fear of sparking a media frenzy.
Jackson has recently faced a string of setbacks, including a damaging new television documentary that revived the spectre of 1993 child molestation allegations against him, which were never proven, and several law suits.
In March, a jury in California ordered him to pay 5.3 million dollars in damages for failing to show up at two key concerts after he lost a high-profile trial brought against him by another former aide, concert promoter Marcel Avram.
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