Yesterday, Today, & FOREVER The King of Pop

Restructuring

Update: related news >>> 10/3/2008 Rebuilding the Michael Jackson Empire

06-27-2006
FOR IMMEDIATE RELEASE – MICHAEL JACKSON ANNOUNCES ORGANIZATIONAL CHANGES

Washington, D.C. ……. In what is the first of a sweeping restructuring of his personal and business affairs, Michael Jackson has severed ties with his long-time accounts and business managers, Bernstein, Fox, Whitman, Goldman & Sloan, with Bahrani attorneys Qays Zu’bi and Grahame Nelson, and Gut Records executive, Guy Holmes.


Guy Holmes was appointed Chief Executive of 2 Seas Records by Michael Jackson and Abdullah Hamad Al Khalifa and, temporarily, was managing Michael’s business affairs until Michael appointed a permanent business manager. Mr. Holmes continues to run Michael’s record company 2 Seas Records and will work alongside Michael’s new business team.

He has also established The Michael Jackson Company, Inc., with plans to phase out MJJ Productions.

In other related matters, he has named Spokesperson Raymone K. Bain as General Manager, and has retained N.Y.-based L. Londell McMillan and The McMillan Firm, known for business restructurings and turnarounds, to oversee legal matters pertaining to his business affairs.

Mr. Jackson has previously announced plans to record an album, which he predicts will be released in 2007. His recent Japan tour was the first in what will be a line of public appearances, and he is reviewing numerous offers to tour musically, which he plans to embark upon within the next several months.

Mr. Jackson, who is currently in Ireland on personal business, plans on relocating to Europe in the near future.

He is continuing to build his management team and other appointments will be forthcoming. 

Sources: Raymone Bain / Sue Harris, spokeswomen for Mr. Jackson / Mr. Holmes

Michael Jackson plans to relaunch career

MANAMA, Bahrain, June 28 (UPI) —

Singer Michael Jackson, 47, is moving to Europe to jump-start his musical career…

Jackson’s spokeswoman Raymone Bain said Jackson has decided that having a home in Europe will facilitate projects he plans to become involved in. Bain said the singer is planning a comeback world tour and is working on a new album to be released in 2007, Life Style Extra reports.

He has been living in Bahrain and will travel between the two locations, but had not yet settled on a particular place in Europe, Bain said.

"He still owns Neverland and he’s still providing the funding for its upkeep," Bain said.   "I’m sure at some point in time he will move back there."    upi

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