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Thursday, May 5, 2011

Comments of President

President Ronald Reagan wanted to award a special White House medal to Jackson, Bob Hope and the late John Wayne in 1984. However, future Chief Justice of the Supreme Court John Roberts advised against the proposal, saying the award was too much for a pop singer.
Received a Presidential Humanitarian Award from President Ronald Reagan at the White House in May 1984, in recognition of Jackson's contribution to the government's campaign against drunk driving. "Beat It" was used in television advertisements.
Jackson joined Chris Tucker, Tony Bennett, former president Bill Clinton and members of the Democratic National Committee at Harlem's Apollo Theatre in New York for a concert fundraiser. Tucker co-hosted the event with actress Cicely Tyson, while Rubén Blades, k.d. lang and Bennett performed. Jackson sang a medley of songs that included "Black or White" and "Smooth Criminal", and was joined by Jane's Addiction guitarist and former Red Hot Chili Peppers Dave Navarro for a portion of his set (24 April 2002).
Attended a memorial service for the late actor Marlon Brando in August 2004, along with Warren Beatty, Jack Nicholson and Sean Penn.
Addressed the Oxford Union on the subject of child welfare and his new initiative "Heal the Kids". (6 March 2001)
Was asked to write and perform the songs for Batman (1989), but had to turn it down due to his concert commitments.
In January 2000 Jackson announced he was considering retiring from the music industry, citing his weariness at publicity as a reason.
In 1997, Jackson released an album of new material coupled with remixes of hit singles from the "HIStory" album titled "Blood on the Dance Floor: HIStory in the Mix". He dedicated the album to his friend Sir Elton John, who had helped him through his addiction to prescribed painkillers. It went on to sell 6 million copies worldwide, making it the biggest selling remix album of all time.
His album "HIStory: Past, Present and Future - Book I" has sold 16 million copies worldwide since its release in 1995, making it the biggest selling multiple-disc album of all time.
His 2001 album "Invincible" sold over 10 million copies worldwide.
In January 1993 Jackson performed during the halftime show at Super Bowl XXVII. It drew the largest viewing audience in the history of American television.
In a move named by Jackson's advisers as "refinancing," it was announced in April 2006 that Jackson had struck a deal with Sony and Fortress investments. In the deal Sony may be allowed to take control of half of Jackson's 50% stake in Sony/ ATV Music Publishing (worth an estimated $1 billion) which Jackson co-owns. Jackson would be left with 25% of the catalog, with the rest belonging to Sony. In exchange, Sony negotiated with a loans company on behalf of Jackson. Jackson's $200m in loans were due in December 2005 and were secured on the catalog. Jackson failed to pay and the Bank of America sold them to Fortress investments, a company dealing in distressed loans. However, Jackson hasn't as yet sold any of the remainder of his stake. The possible purchase by Sony of 25% of Sony/ATV Music Publishing is a conditional option; it is assumed the singer will try to avoid having to sell part of the catalog of songs including material by other artists such as 'Bob Dylan' and Destiny's Child. As another part of the deal Jackson was given a new $300 million loan, and a lower interest rate on the old loan to match the original Bank of America rate. When the loan was sold to Fortress investments they increased the interest rate to 20%.

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