OMEN
06-18-2006, 10:12 AM
Michael Jackson will not be releasing his long awaited charity single because of an argument over royalties.
The pop singer penned What More Can I Give to raise money for the families of the victims of the 9/11 terrorist attacks.
It has now been revealed Jackson insisted he owned the copyright of the song and had no intention of donating any of the royalties made from the track. The only money to be donated to charity, if the single was released, was to be from actual CD sales.
Fox News entertainment reporter Roger Friedman said: "Everyone on the CD is supposed to waive their fees too, including the musicians, performers and engineers. But rights to the music remain with him, and he would reap the financial rewards."
Details of Jackson's intentions emerged in a videotaped statement for an upcoming lawsuit filed by his former associate Marc Schaffel. Schaffel claims he is owed $800,000 for producing two 2003 TV specials for the Billie Jean singer and a further $2.3 million for loans he made to the star.
Jackson has vehemently denied the allegations and has countersued. He says Schaffel has failed to pay him money owed from the production of What More Can I Give, and still has in his possession around $250,000 worth of sculptures and paintings which belong to him.
-Bang! Showbiz
The pop singer penned What More Can I Give to raise money for the families of the victims of the 9/11 terrorist attacks.
It has now been revealed Jackson insisted he owned the copyright of the song and had no intention of donating any of the royalties made from the track. The only money to be donated to charity, if the single was released, was to be from actual CD sales.
Fox News entertainment reporter Roger Friedman said: "Everyone on the CD is supposed to waive their fees too, including the musicians, performers and engineers. But rights to the music remain with him, and he would reap the financial rewards."
Details of Jackson's intentions emerged in a videotaped statement for an upcoming lawsuit filed by his former associate Marc Schaffel. Schaffel claims he is owed $800,000 for producing two 2003 TV specials for the Billie Jean singer and a further $2.3 million for loans he made to the star.
Jackson has vehemently denied the allegations and has countersued. He says Schaffel has failed to pay him money owed from the production of What More Can I Give, and still has in his possession around $250,000 worth of sculptures and paintings which belong to him.
-Bang! Showbiz