Value
The value of Sony/ATV Music Publishing has varied in reports. In 2002, Forbes magazine estimated Jackson's 50% stake in the company, along with other music publishing ventures, to be worth $450 million. The organization was valued at $700 million in 2003. Industry experts valued the catalogue at between $600 million and $1 billion in 2004, based on the sales of rival catalogues. Charles Koppelman, a veteran music industry executive, stated that $1 billion was more reflective of Sony/ATV Music Publishing's worth. "Buyers would be lining up around the block if it were ever put up for sale," he said. "And I'd be in the front of the line." The value of the company was further estimated by Ryan Schinman, chief of Platinum Rye, to be $1.5 billion.
In 2005, Jackson's defense attorney, Thomas Mesereau, claimed that the song catalogue had been valued at between $4 billion and $5 billion. Jackson's own financial documents stated that his 50% share of the catalogue was worth $390.6 million as of 2007, which would have made the entire catalogue worth $781.2 million. When Sony/ATV led the consortium that acquired EMI Music Publishing in 2012 (with Sony/ATV becoming administrator and 38% shareholder), it became the largest publishing company in the world, with more than 2 million songs and estimated revenues of over 1.25 billion dollars per year. As of 2012, Sony/ATV administers Jackson's other publishing firm, Mijac, which includes songs written by Jackson himself (amongst others), and which used to be administered by competitor Warner/Chappell Music.
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Famous quotes containing the word value:
“And those handmade presents that children often bring home from school: They have so much value! The value is that the child put whatever he or she could into making them. The way we parents respond to the giving of such gifts is very important. To the child the gift is really self, and they want so much for their selves to be acceptable, to be loved.”
—Fred Rogers (20th century)