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#71511

Ancalime (Visitor)

las vegas family shows Wall Street Journal: HOLLYWOOD REPORT Michael Jackson: The Next Elvis?

HOLLYWOOD REPORT Michael Jackson: The Next Elvis? A Private Equity Group Hopes to Relaunch The Singer's Career in Vegas By ETHAN SMITH June 13, 2008; Page W1 A private-equity group is hoping to do for Michael Jackson something a long parade of music-industry veterans, lawyers and billionaire friends have failed to accomplish: Revive the pop star's dormant career after a 2005 child-molestation trial and a financial meltdown. Colony Capital, which owns the Las Vegas Hilton and is a major shareholder in closely held Station Casinos, is in discussions with Mr. Jackson to get him back onstage and in the spotlight via a long-term stand in Las Vegas. It also wants the singer to sell his Neverland Ranch, the home of his private amusement park and menagerie and site of his controversial sleepovers with young children. 1 See a timeline of Michael Jackson's career Colony and its executives aren't working with Mr. Jackson as managers or personal advisers. But they may nonetheless have a better chance of succeeding with Mr. Jackson than the many figures who have served in those capacities, thanks to Colony's major leverage with the pop star. The private-equity group in May bought from hedge fund Fortress Investment Group a $23 million loan backed by Neverland, in Los Olivos, Calif. Mr. Jackson, 49 years old, was in default on the loan and Fortress had initiated foreclosure proceedings. After buying the loan, Colony negotiated some short-term breathing room for Mr. Jackson. Under discussion is a scenario in which he would be allowed to put off making payments for a while, in exchange for more money further down the road. We bought the note and we've been having discussions with Mr. Jackson about a recapitalization and refinancing of Neverland in addition to various other business opportunities and mutual interests, says Colony CEO Tom Barrack. Now Colony is urging the singer to emerge from the rural Nevada compound where he has recently been holed up with his family, to stage a residency performance

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#71512

2nz Johnson (Visitor)

las vegas family shows Wall Street Journal: HOLLYWOOD REPORT Michael Jackson: The Next Elvis?

Michael Jackson: The Next Elvis? A Private Equity Group Hopes to Relaunch The Singer's Career in Vegas By ETHAN SMITH June 13, 2008; Page W1 A private-equity group is hoping to do for Michael Jackson something a long parade of music-industry veterans, lawyers and billionaire friends have failed to accomplish: Revive the pop star's dormant career after a 2005 child-molestation trial and a financial meltdown. Colony Capital, which owns the Las Vegas Hilton and is a major shareholder in closely held Station Casinos, is in discussions with Mr. Jackson to get him back onstage and in the spotlight via a long-term stand in Las Vegas. It also wants the singer to sell his Neverland Ranch, the home of his private amusement park and menagerie and site of his controversial sleepovers with young children. 1 See a timeline of Michael Jackson's career Colony and its executives aren't working with Mr. Jackson as managers or personal advisers. But they may nonetheless have a better chance of succeeding with Mr. Jackson than the many figures who have served in those capacities, thanks to Colony's major leverage with the pop star. The private-equity group in May bought from hedge fund Fortress Investment Group a $23 million loan backed by Neverland, in Los Olivos, Calif. Mr. Jackson, 49 years old, was in default on the loan and Fortress had initiated foreclosure proceedings. After buying the loan, Colony negotiated some short-term breathing room for Mr. Jackson. Under discussion is a scenario in which he would be allowed to put off making payments for a while, in exchange for more money further down the road. We bought the note and we've been having discussions with Mr. Jackson about a recapitalization and refinancing of Neverland in addition to various other business opportunities and mutual interests, says Colony CEO Tom Barrack. Now Colony is urging the singer to emerge from the rural Nevada compound where he has recently been holed up with his family, to stage a residency performance

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#71513

FragileWarriorJohnson (Visitor)

las vegas family shows Wall Street Journal: HOLLYWOOD REPORT Michael Jackson: The Next Elvis?
Nah, it'll never happen. Elvis had a work ethic.

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#71514

Shenarrah (Visitor)

las vegas family shows Wall Street Journal: HOLLYWOOD REPORT Michael Jackson: The Next Elvis?

� � � Michael Jackson: The Next Elvis? � � � A Private Equity Group � � � Hopes to Relaunch � � � The Singer's Career in Vegas � � � By ETHAN SMITH � � � June 13, 2008; Page W1 � � � A private-equity group is hoping to do for Michael Jackson something a long parade of music-industry veterans, lawyers and billionaire friends have failed to accomplish: Revive the pop star's dormant career after a 2005 child-molestation trial and a financial meltdown. � � � Colony Capital, which owns the Las Vegas Hilton and is a major shareholder in closely held Station Casinos, is in discussions with Mr. Jackson to get him back onstage and in the spotlight via a long-term stand in Las Vegas. It also wants the singer to sell his Neverland Ranch, the home of his private amusement park and menagerie and site of his controversial sleepovers with young children. � � � � � � 1 � � � � � � See a timeline of Michael Jackson's career � � � Colony and its executives aren't working with Mr. Jackson as managers or personal advisers. But they may nonetheless have a better chance of succeeding with Mr. Jackson than the many figures who have served in those capacities, thanks to Colony's major leverage with the pop star. The private-equity group in May bought from hedge fund Fortress Investment Group a $23 million loan backed by Neverland, in Los Olivos, Calif. Mr. Jackson, 49 years old, was in default on the loan and Fortress had initiated foreclosure proceedings. After buying the loan, Colony negotiated some short-term breathing room for Mr. Jackson. Under discussion is a scenario in which he would be allowed to put off making payments for a while, in exchange for more money further down the road. � � � We bought the note and we've been having discussions with Mr. Jackson about a recapitalization and refinancing of Neverland in addition to various other business opportunities and mutual interests, says Colony CEO Tom Barrack. � � � Now Colony is urging the singer to emerge from the rural Nevada compound where he has recently been holed up with his family, to stage a residency performance

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