independent and unofficial
Prince fan community site
Mon 28th Jul 2014 11:27am
Welcome! Sign up or enter username and password to remember me
Forum jump
Forums > Music: Non-Prince > Sly Stone's Publishing for Sale? Uh OH
« Previous topic  Next topic »
  New topic   Printable     (Log in to 'subscribe' to this topic)
Author

Tweet     Share

Message
Thread started 02/17/06 12:34am

Trickology

Sly Stone's Publishing for Sale? Uh OH

Calling Prince.... You can bid too. You got the $$$


http://www.foxnews.com/st...80,00.html


Jacko's Money Troubles Could Hurt Sly Stone

Believe it or not, Michael Jackson’s inability to manage his finances may soon affect Sly Stone.

You saw the late '60s R&B genius — aka the J.D. Salinger of pop music — make his bizarre return to show biz at the Grammys. He appeared on stage sporting a huge white rooster’s mane of a mohawk, plunked a few notes on a keyboard and then split for locations unknown. It was all in support of a new album of remixed hits called “Different Strokes for Different Folks.”

What you may not know that is all of Sly’s famous songs from the '60s — “Everyday People,” “I Want To Take You Higher,” “Family Affair,” etc. — are published by Jackson’s MiJac Music. And MiJac is currently the collateral for a $70 million loan that will come due on Feb. 20.

Another $200 million, also due that day, was backed by Jackson’s ownership in Sony/ATV Music Publishing. MiJac, which also holds all of the songs Jackson’s written as an adult, is part of Warner Chappell Music.

(Story continues below)


Stone’s managers are said to be eager to rescue their man’s catalog from MiJac before it’s out of reach. But in all likelihood, Sly’s songs, along with the Beatles, will wind up in the hands of others very shortly unless Jackson pulls off a miracle.

Yesterday, I talked to some of Sly’s associates and friends about his Grammy appearance. They confirmed for me that during rehearsals he wore a snow parka with a hood. None of the performers had any idea he’d have the mohawk; you can see the surprise on their faces.

“Sly knows how to get attention,” says a source. “People are still talking about him.”

Contrary to reports by people who weren’t there, Sly did not vomit before taking the stage, and he didn’t leave the Staples Center alone and dejected.

I was there, for one, and so were his stylist, girlfriend, sister and niece. His incoherence, my sources say, is not so bad. And on the show, they say, he looked worse than usual.

“For one thing, the producers picked “I Want to Take You Higher.” Sly only sings on the choruses of that song, not the verses. So that’s why he sang the word “higher” a couple of times. Plus his microphone was off. And they cut to him during the verses, not the choruses. It was a mess.”

Of course, Sly wasn’t exactly an easy contributor to the rehearsal process, but we’ll take this explanation at face value. They say he wanted to do “Thank You (Fa Lettin’ Be Myself Again).” But who knows what would have happened, considering a few days before the show, Sly fell off his motorcycle and broke his arm. I’m told he had surgery at UCLA Medical Center.

Anyway, Sly is still managed — since 1980—by Jerry Goldstein and Glenn Stone of Avenue Music. They also managed War, the seminal '70s R&B band, and are currently prepping the launch of Devin Lima, the up-and-coming former lead singer of LFO, who sang “If You Want Me To Stay” at the Grammys as he does on the new Sly remix record from Sony.

Goldstein and Stone collect Sly’s royalties from his publishing, record sales and samples (like Janet Jackson’s “Rhythm Nation”). Stone is said to live very well in Beverly Hills, where he supports a large entourage. He also has three children: a son, Sly Jr., a recent college grad daughter, Novi, and another son, named Fun, as in “Hot Fun in the Summertime.”

So what’s next for Sly? Maybe a boxed set, since there isn’t one, from the 715 masters in Sony’s vaults. And who knows? One day, perhaps, we’ll hear all the music he’s recorded at home for the last 32 years. My sources say he has a lyric book “that’s an inch and a half thick” and as many recordings to go with it.

And there’s always the remix album, which is doing well since it went retail (it was actually released in July at Starbucks). But “he loved what he did on the Grammys,” my source says. “It was a big step forward.”
[Edited 2/19/06 11:13am]
  - E-mail - orgNote - Report post to moderator
Reply #1 posted 02/17/06 12:39am

DavidEye

bring on the boxed set pray
  - E-mail - orgNote - Report post to moderator
Reply #2 posted 02/17/06 1:11am

MikeMatronik

May this be a warning to all of those who do drugs...
  - E-mail - orgNote - Report post to moderator
Reply #3 posted 02/17/06 2:07am

calldapplwonde
ry83

And now how exactly does the selling of his masters affect Sly? Does it matter who has them? Don't get it. confuse
  - E-mail - orgNote - Report post to moderator
Reply #4 posted 02/17/06 2:57am

SPYZFAN1

Because if Sly doesn't own his masters, anyone who buys them can do ANYTHING with his songs. They can use them for something that Sly may not approve of (Like the Toyota car commercial a few years back when they used "Everyday People") and may not get paid for it either.Same thing happened to our boy Prince when Walmart used "Baby I'm A Star" (sung by Tina Turner) for thier ads.

Good to hear that Sly is doing well. I heard that Sly's people were having a difficult time with putting a box set together because there weren't enough good live recordings around. Hopefully after reading that, something will come out. It's LONG overdue.
  - E-mail - orgNote - Report post to moderator
Reply #5 posted 02/17/06 3:08am

calldapplwonde
ry83

OK, that much I know. But it's not any different now, is it? His manager want to rescue the catalog from MiJac, but how? Wouldn't they have to buy it? But that they could do when Jackson would have to sell them, or not?

And what does this mean "...will wind up in the hands of others very shortly unless Jackson pulls off a miracle." Is he supposed to keep it and sell it to them directly for a cheap price? Or do they want it to be in MJ's hands? Does Sly even hev the money to buy it? Or does the catalog go back to him when nobody buys it?

still confuse
  - E-mail - orgNote - Report post to moderator
Reply #6 posted 02/17/06 11:28am

Trickology

calldapplwondery83 said:

OK, that much I know. But it's not any different now, is it? His manager want to rescue the catalog from MiJac, but how? Wouldn't they have to buy it? But that they could do when Jackson would have to sell them, or not?

And what does this mean "...will wind up in the hands of others very shortly unless Jackson pulls off a miracle." Is he supposed to keep it and sell it to them directly for a cheap price? Or do they want it to be in MJ's hands? Does Sly even hev the money to buy it? Or does the catalog go back to him when nobody buys it?

still confuse


What this means is it will go up for auction according to Law. Sly doesn't have the money to buy something like this.


This is a BIG deal you can do anything you want with the whole damn catalog. Imagine the power you could have in licensing and it's all yours? You never know what the user will approve of Sly's catalog of masters,publishing without his approval. The Sky is the limit to the winning bidder. And that's why it's news. Same with the Beatles....




If I was Richard branson I'd buy it. Extremely great investment.
I hope Sly gets his masters back. He should have done what Roy Ayers did which was take every master of his when he left the label as part of his deal.
[Edited 2/17/06 11:28am]
  - E-mail - orgNote - Report post to moderator
Reply #7 posted 02/17/06 11:31am

Trickology

SPYZFAN1 said:

Because if Sly doesn't own his masters, anyone who buys them can do ANYTHING with his songs. They can use them for something that Sly may not approve of (Like the Toyota car commercial a few years back when they used "Everyday People") and may not get paid for it either.Same thing happened to our boy Prince when Walmart used "Baby I'm A Star" (sung by Tina Turner) for thier ads.

Good to hear that Sly is doing well. I heard that Sly's people were having a difficult time with putting a box set together because there weren't enough good live recordings around. Hopefully after reading that, something will come out. It's LONG overdue.


You ssy that like it hasn't happened already. Ahem this tribute album with Will I am rappin to the Master of Dance the Music and Devin Lima from LFO singing If you want me to Stay. Fantasia etc... of artists no one really cares to hear on Sly covers. And Sly approved this.
  - E-mail - orgNote - Report post to moderator
Reply #8 posted 02/17/06 11:36am

CinisterCee

MikeMatronik said:

May this be a warning to all of those who do drugs...


confuse you mean MJ who is losing control of Sly's catalog?
  - E-mail - orgNote - Report post to moderator
Reply #9 posted 02/17/06 1:52pm

Miles

avatar

Bill Gates or some other super-rich person should buy Sly's masters and then give them to Sly (as long as Sly looked after them, and released proper remasters and all his good unreleased material!) cool

I suppose we can but dream ...
Give me three D vision
And the California blues
Me I funk but I don't care
I ain't no square with my corkscrew hair - Marc Bolan'
  - E-mail - orgNote - Report post to moderator
Reply #10 posted 02/17/06 3:40pm

SPYZFAN1

Nah, I'm hip to the Sly tribute CD (that I have absolutely no intention on buying)..but if Sly's masters are for sale, I'm really hoping Sly's people can pool up some $$ to buy it back. Last thing I need to hear is Kelly Osbourne or Britney Spears trying to cover "Dance To The Music" or 50 Cent and Marshall Mathers bastardizing "Don't Call Me Nigger, Whitey".
  - E-mail - orgNote - Report post to moderator
Reply #11 posted 02/17/06 5:16pm

Moonwalkbjrain

avatar

SPYZFAN1 said:

Nah, I'm hip to the Sly tribute CD (that I have absolutely no intention on buying)..but if Sly's masters are for sale, I'm really hoping Sly's people can pool up some $$ to buy it back. Last thing I need to hear is Kelly Osbourne or Britney Spears trying to cover "Dance To The Music" or 50 Cent and Marshall Mathers bastardizing "Don't Call Me Nigger, Whitey".



falloff that image has me rollin!
Yesterday is dead...tomorrow hasnt arrived yet....i have just ONE day...
...And i'm gonna be groovy in it!
  - E-mail - orgNote - Report post to moderator
Reply #12 posted 02/17/06 6:00pm

sosgemini

avatar

so sly is broke? i thought crack was cheap...whats he buying?
Space for sale...
  - E-mail - orgNote - Report post to moderator
Reply #13 posted 02/17/06 9:55pm

carlcranshaw

avatar

This Goldstein guy royally f***** WAR on their publishing and rights so Sly better watch out. No slander intended but do the research.
‎"The first time I saw the cover of Dirty Mind in the early 80s I thought, 'Is this some drag queen ripping on Freddie Prinze?'" - Some guy on The Gear Page
  - E-mail - orgNote - Report post to moderator
Reply #14 posted 02/18/06 9:04am

rialb

avatar

I don't care who owns the masters, it's very doubtful that Sly will ever be able to afford them anyway. What I would like to see is a pile of reissues w/bonus tracks.
  - E-mail - orgNote - Report post to moderator
Reply #15 posted 02/18/06 9:09am

sosgemini

avatar

rialb said:

I don't care who owns the masters, it's very doubtful that Sly will ever be able to afford them anyway. What I would like to see is a pile of reissues w/bonus tracks.



are the masters for sale?
Space for sale...
  - E-mail - orgNote - Report post to moderator
Reply #16 posted 02/18/06 3:02pm

soulsike

the masters are not for sale, it's the publishing...

How many times do we have to go over the differences of the two on this site?
One can too easily become what one is called with all the unwelcome responsibilities the title makes u heir to. --- Maya Angelou
  - E-mail - orgNote - Report post to moderator
Reply #17 posted 02/18/06 6:03pm

ThePunisher

Sly is probably another one in that looooong list of artists who signed record deals without understanding the business side of the industry. It's got to piss him off that some pencil pusher who's never even picked up an instrument can make money off of all that hard work that he put in to create those songs. I hope alot of these young up and coming artists pay attention to what's happened to Sly and others. Like Chuck D of Public Enemy once said. "If You Don't Control The Masters, They Will Control You".
  - E-mail - orgNote - Report post to moderator
Reply #18 posted 02/18/06 6:13pm

Moonwalkbjrain

avatar

soulsike said:

the masters are not for sale, it's the publishing...

How many times do we have to go over the differences of the two on this site?

once more please!
Yesterday is dead...tomorrow hasnt arrived yet....i have just ONE day...
...And i'm gonna be groovy in it!
  - E-mail - orgNote - Report post to moderator
Reply #19 posted 02/18/06 7:44pm

calldapplwonde
ry83

ThePunisher said:

Sly is probably another one in that looooong list of artists who signed record deals without understanding the business side of the industry. It's got to piss him off that some pencil pusher who's never even picked up an instrument can make money off of all that hard work that he put in to create those songs. I hope alot of these young up and coming artists pay attention to what's happened to Sly and others. Like Chuck D of Public Enemy once said. "If You Don't Control The Masters, They Will Control You".


Who said that? eek
  - E-mail - orgNote - Report post to moderator
Reply #20 posted 02/19/06 11:09am

rialb

avatar

soulsike said:

the masters are not for sale, it's the publishing...

How many times do we have to go over the differences of the two on this site?


Whoops. Sorry. I guess I was just hoping that the masters were for sale so we could finally get some reissues.
  - E-mail - orgNote - Report post to moderator
Reply #21 posted 02/19/06 11:18am

Trickology

Now we are all happy. I edited the title so his publishing is for sale.
Simple Mistake -I thought it said masters as well. ;lol:

Like no one has ever misread something before.

World crisis averted
  - E-mail - orgNote - Report post to moderator
Reply #22 posted 02/19/06 11:25am

Isolar

avatar

Michael Jackson isn't selling his Sly & The Family Stone publising rights and his publishing companies ATV and MiJac Music aren't up for sale.

The man Roger Friedman who wrote the article is writing articles every week saying Michael Jackson owes another $200 million to Sony and then another $200 million to The Bannk Of America by Feb 20th by 9am etc, and then just in the nick of time according to Roger Friedman, Michael Jackson manages as broke as he is alleged to be to pay $200 million just in time. Then Roger Friedman writess another stupid article saying Michael Jackson can't pay his employees etc. Michael Jackson doesn't owe Sony $200 million and Sony even said so ie Michael Jackson's still an extreamly wealthy multi millionaire many times over.
[Edited 2/19/06 11:27am]
  - E-mail - orgNote - Report post to moderator
Reply #23 posted 02/19/06 2:06pm

laurarichardso
n

sosgemini said:

so sly is broke? i thought crack was cheap...whats he buying?

-----
He is not broke. He does get some portion of the royalites. We just don't have a good Sly Stone box set because he does not control the masters.

I bet you would not make crack jokes if W&L were dope heads.
  - E-mail - orgNote - Report post to moderator
  New topic   Printable     (Log in to 'subscribe' to this topic)
« Previous topic  Next topic »
Forums > Music: Non-Prince > Sly Stone's Publishing for Sale? Uh OH