Saturday, October 24, 2009

Michael Jackson: Money Manager

Writing in Fortune, Richard Siklos finds that Michael Jackson's money management was shrewd, lucky, and a little off. An excerpt:

Sony/ATV was a calling card that separated him from being a mere musical megastar. By following Paul McCartney's advice and buying up music catalogues, Jackson bet wisely on a segment of the music business that has actually grown over the past few years, as music gets licensed for new uses, like ring tones and advertising and TV shows like "American Idol" and video games like Rock Band.

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