Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: GT who wrote (11472)	11/15/1998 6:18:00 PM
From: Bucky Katt	Respond to of 119973

This story is a sign of the times>Michael Jackson mulls $100 mln bond sale-NEW YORK, Nov 15 (Reuters) - Pop star Michael Jackson is considering raising $100 million or more by selling bonds that would be backed by future royalties on his and other music he owns, Newsweek reported. Jackson would follow in the footsteps of British rocker David Bowie, who raised $55 million in a lump sum last year by selling bonds backed by the income from earlier albums. Jackson could back the bonds with any music he owns, including his own blockbuster hits, about 250 Beatles songs he has purchased through the years, and others, the Nov. 23 issue of the magazine said. Former EMI Capitol Music executive Charles Koppelman, backed by Prudential, is the most likely to underwrite Jackson bonds, the report said. In an interview, Koppelman declined to comment on Jackson's plans, but did say he is poised to announce $250 million of music-royaly deals, the report said. Possible deals pending include: the trio Crosby, Stills & Nash; Rod Stewart; and Eddie Money, the report said. The report alleges Jackson needs to raise a large sum to sustain his lavish lifestyle in the face of declining income and a costly legal settle stemming from alleged child molestation. With Sony Corp. , Jackson co-owns music publisher Sony/ATV, which controls more than 120,000 songs, the report said. He also owns Mijac, which controls his own hits and has annual revenue of about $15 million, the report added.