Michael Jackson - The Rise and Fall of 'The King of Pop'
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Case Details:
Case Code : LDEN041
Case Length : 17 Pages
Period : 1990-2006
Pub Date : 2006
Teaching Note :Not Available
Organization : Sony
Industry : Media and Entertainment Countries : US
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Please note:
This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
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Excerpts
The Making of a 'Pop Star'
In 1978, Michael played the role of a scarecrow
in the fantasy movie The Wiz, which bombed at the box office. While
working for the movie, Michael developed an acquaintance with the
music director of the film, Quincy Jones (Jones)...
The Fall
During this tour in 1993, Michael was accused of child molestation for the first
time. The accusation was made by a 13-year- old friend of his, Jordie Chandler.
Michael cancelled his tour as police investigations were involved. As Michael
ended the tour abruptly in November 1993, the firm promoting the tour filed a
lawsuit for US$ 20 million. Marcel Avram (Avram), a European concert promoter
who had been working with Michael since 1972, agreed to settle the lawsuit in
return for rights to promote two charity and two profit concerts of Michael. The
police investigations were dropped and the victim was offered US$ 20 million in
1994...
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Off The Wall
Michael's behavior was sometimes bizarre. This was first noticed when he was
shooting for the movie The Wiz during which he went home without removing
the makeup he had on as a scarecrow - the part he played in the movie...
Bad Financial Management
Michael's lifetime earnings were put at more than US$ 700 million. During the
1980s, he was earning around US$ 50 million per annum...
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Dangerous Future Ahead?
In June 2005, Michael was acquitted of all the child abuse charges against
him.
However, there seemed to be no end to his problems. In 2003, when he missed
making some payments to the Bank of America, it sold the loan to Fortress
Investment Group (Fortress), which specialized in distressed debt.
Fortress immediately began charging a high rate of interest. It was
estimated that Michael was paying about US$ 4.5 million (an interest of
around 20%) on the US$ 270 million debt in 2005... |
Exhibits
Exhibit I: The Jackson 5
Exhibit II: List of Jackson 5 Albums for Motown Records
Exhibit III: Michael's Awards and Achievements
Exhibit IV: The Neverland
Exhibit V: Michael's Albums after 1975
Exhibit VI: Michael during Thriller and Dangerous Tour
Exhibit VII: List of Charity Institutions Supported by Michael
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