Showing posts with label publishing. Show all posts
Showing posts with label publishing. Show all posts

3.23.2020

THE QUESTIONABLE DEATH OF PUBLISHER ROBERT MAXWELL

Ghislaine Maxwell (Epstein's Madam) and her Father Robert Maxwell

The last words of Robert Maxwell were communicated at 4.45am on 5 November 1991 when he contacted the bridge of his luxury yacht to complain about the temperature of his cabin, demanding, in his customary gruff tone, that the crew turn up the air conditioning.

Twelve hours later, a Spanish fisherman spotted his naked body floating in the Atlantic Ocean - 15 miles from his boat.

In the days that followed his death, it emerged there was plenty to trouble Britain's flamboyant media baron.


Ian Robert Maxwell MC (10 June 1923 – 5 November 1991), born Ján Ludvík Hyman Binyamin Hoch, was a British media proprietor, Member of Parliament (MP), and fraudster/thief/spy.

Originally from Czechoslovakia, Maxwell rose from poverty to build an extensive publishing empire. After his conveniently timed death, huge discrepancies in his companies' finances were revealed, including his fraudulent misappropriation of the Mirror Group pension fund. He was often called the bouncing Czech. (hah)


Early in his life, Maxwell, an Orthodox Jew, escaped from Nazi occupation, joined the Czechoslovak Army in exile in World War II and was decorated after active service in the British Army.

In subsequent years he worked in publishing, building up Pergamon Press to a major publishing house. After six years as an MP during the 1960s, he again put all his energy into commerce, successively buying the British Printing Corporation, Mirror Group Newspapers, and Macmillan Publishers, among other publishing companies.

The Lady Ghislaine

Maxwell had a flamboyant lifestyle, living in Headington Hill Hall in Oxford, from which he often flew in his helicopter, and sailed in his luxury yacht, the Lady Ghislaine. He was litigious and often embroiled in controversy, including his support for Israel at the time of the 1948 Arab-Israeli War.


In 1989, he had to sell successful businesses, including Pergamon Press, to cover some of his debts. In 1991, his body was discovered floating in the Atlantic Ocean, having fallen overboard from his yacht. He was buried in Jerusalem.

Maxwell and his sons

Maxwell's death triggered the collapse of his publishing empire as banks called in loans. His sons briefly attempted to keep the business together but failed as the news emerged that the elder Maxwell had stolen hundreds of millions of pounds from his own companies' pension funds. The Maxwell companies applied for bankruptcy protection in 1992.


It is almost 30 years since her father, the press baron Robert Maxwell, fell to his death from his £15m yacht, Lady Ghislaine, off the Canary Islands, aged 68. Even now there is talk of suicide, or murder – perhaps by Mossad, the Israeli intelligence service.

“He was a man who could not face the ignominy of jail, of being shown to be a liar and a thief. And he very much knew that was coming,” says Roy Greenslade, a former editor of one of Maxwell’s newspapers, the Daily Mirror. “So I am a suicide theorist. I believe Maxwell threw himself off.”

But, Maxwell was a huge Psychopathic Narcissist and thought himself bullet proof. Odds are that he fell off the boat...

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8.14.2015

MICHAEL JACKSON ACQUIRES BEATLES PUBLISHING AUGUST 14, 1985


It was during their collaboration on 1983’s “Say Say Say” that former Beatle Paul McCartney is said to have advised Michael Jackson to invest some of his enormous wealth in music publishing.

This is what I do. I bought the Buddy Holly catalog, a Broadway catalog,” McCartney told the young singer. “Here’s the computer printout of all the songs I own.” Jackson was fascinated." Paul McCartney to Michael Jackson

It was sound financial advice that McCartney may have come to regret giving on this day in 1985, when Michael Jackson purchased the publishing rights to the vast majority of the Beatles’ catalog for $47 million, outbidding McCartney himself.


In 1969, the British company Associated TeleVision completed a messy and contentious takeover of Northern Songs, which in turn led Lennon and McCartney to pull out of their contract for future compositions and to sell off their own shares in the company.

More than 15 years later, in 1985, as ATV prepared to sell its entire publishing catalog, Paul McCartney anticipated purchasing it himself, only to be thwarted by Michael Jackson, who was then at the peak of his financial power.

What happened to the Beatles Catalog after MJ died?  Jackson had sold off some of the catalog for 95 million to Sony to subsidize his legal battles and lifestyle.

The publishing rights to most of the Beatles' biggest hits are owned by one entity, a joint venture between the late Michael Jackson and the music arm of Sony Corp. It's called Sony/ATV, and it also owns the rights to songs written by Bob Dylan, Neil Diamond, Taylor Swift and many more . SEE LIST


The post-script to this story is that as of 2018, Sir Paul will be able to start recouping his ‘lost’ songs in the United States. Due to the nation’s copyright laws, all songs written before 1978 can be reclaimed by its original author after 56 years, so as of 2018 the songs McCartney wrote in 1962 – including ‘Love me do’ – will be his again, with the rest of the catalog trickling back to him over the next eight years… At which point he’ll be 84.

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