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Another example of why Jay Z is a financial moron...
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FINCEN
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Joined: 08 Mar 2006
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PostPosted: Thu Dec 16, 2010 5:12 pm    Post subject: Another example of why Jay Z is a financial moron... Reply with quote

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Jay-Z has reached a settlement with his lenders over the site of a planned boutique hotel near the High Line and has deeded the property back to them for the value of the senior mortgage, according to recently-filed public documents.

The hip-hop mogul, whose given name is Shawn Carter, had partnered with real estate investors Charles Blaichman and Abram Shnay to purchase the site, a former Time Warner Cable warehouse at 511 West 21st Street, in 2007. The property was to become the first of many J Hotels, but the plan was foiled when the partners defaulted on their $52 million senior loan in August 2009, prompting a legal battle over their interest payments.

In February, Jay-Z filed a lawsuit in federal court in Manhattan, claiming that Dallas, Texas-based investment firm Highland Capital Management and special servicer Nexbank SSB were trying to "bleed" an additional $3.7 million in funds from his company instead of taking the property back in a deed-in-lieu of foreclosure in a timely manner.

The defendants filed a counterclaim in June, and the case was settled out of court and dismissed in October, court documents show. The terms of the settlement were not available, but sources close to the situation confirmed that the matter had been resolved.

According to a deed filed today with the city, Jay-Z transferred the title of the property to West 22nd Street Luxury Resort LLC, an entity controlled by his lenders.

A Highland spokesperson declined to comment, and representatives for Jay-Z and Nexbank did not immediately respond to requests for comment.

It's not the only failed High Line project for the trio. Also in 2007, they had teamed up with hotelier Andre Balazs for a new 11-story luxury hotel at 345 West 14th Street that never came to fruition. They defaulted on their $24 million loan there after the real estate market tanked, and a legal battle over control of the site ensued. Earlier this year, a third-party, DDG Partners, bought that loan at a discount.


Has there ever been a successful conversion of a former warehouse in a meatpacking district converted to a five-star luxury resort? Has there ever been a bigger idiot touted as a mogul than Sean Carter? As for Highland Capital, it is a Dallas based hedge fund. One of its partners was charged with violating Federal Trade Commission laws relating to stock reporting in 2007. A fool and his pennies are soon parted indeed.
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beemoe
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PostPosted: Fri Jan 14, 2011 11:05 pm    Post subject: From Beemoe Reply with quote

You`re being too hard on Jay-Z. Afterall he was smart to team up with the Dap-Kings. I would like to see him move in that direction more.
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How do you see Jay-Z in relation to the Arabo ring?
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FINCEN
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PostPosted: Wed Jan 19, 2011 3:24 pm    Post subject: Business Reply with quote

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Shyne was maybe on board at Bad Boy because he was the conduit back to the Jacob Arabo ring. It looks like Jake and his associates help finance Bad Boy. The connections with Shyne`s dad helps too.


I moved this quote here because the the answers are interrelated. As for Bad Boy being tied to Jacob's ring. There is absolutely no doubt about it however not in the way you may think. As for Shyne, seeing some of the things he is associated with, I have no doubt that he is being used as a conduit to the Israeli Falasha community in the West bank. Shyne has made statements about his belief that his grandmother who was from Ethiopia may have been Falasha. It is interesting to note that Shyne's interest in Judaism came as a result of his incarceration and was 'by his own admission,' a result of the efforts of Attorney Alan Dershowitz. This is a matter of tremendous political intrigue and demonstrates some of the nefarious dealings behind the music industry. For instance Shyne was associated with Bad Boy Records 'as you have already pointed out.' Bad Boy was not a self-sufficient entity but was financed by Warner Music Group. The terms of the agreement were as follows.

Quote:
On April 8, 2005, Warner Music Group entered into an agreement with an affiliate of Sean “Diddy” Combs to form Bad Boy Records LLC (“Bad Boy”), a joint venture, 50% of which was owned by Warner Music Group and the remaining 50% owned by the affiliate which was Bad Boy itself. Warners received it's 50% stake in Bad Boy Records LLC by providing $30 million in cash as operating capital. It is key to note that this $30 million was the only operating capital Bad Boy held. Combs was named CEO of Bad Boy and supervised its staff and day-to-day operations. Again Warner Music Group provided the funding, marketing, promotion and "certain back-office services" for the Bad Boy venture. Those back-office services are key. The transaction was accounted for under the purchase method of accounting, and the results of operations of Bad Boy were included under Warner Music Group's results of operation from its acquisition date until the termination of the agreement. The accompanying consolidated financial statements include the following allocation of the approximately $30 million purchase price to the Company’s share of underlying net assets based on their respective fair values: recorded music catalog, $9 million, artists’ contracts, $14 million; goodwill, $20 million; and other current liabilities, $14 million.


Now due the math if Warners provided $30 million in cash to a label that counted its catalog and artist contracts as assets with a value of $23 million and yet carried $14 million in liabilities into the deal. Combs owned absolutely nothing. What do you think the $20 million in good will valuation was about? It is interesting to note the catalog and artist roster is listed as containing Notorious B.I.G., Mario Winans, Mase, Carl Thomas, B5, Boyz N Da Hood and Diddy. The most valuable member of this being the Notorious B.I.G., who'd been dead 7 years by the time this agreement was made. What does this have to do with Shyne and Israel. Glad you asked. Shyne, Bad Boy and Combs were and are owned and controlled by Warners which is owned and controlled by Edgar Bronfman Jr., whose father Edgar Sr., is the head of the World Jewish Council.

Lyor Cohen has been Bronfman's man on the scene dealing almost exclusively with Combs, Jay-Z and Russell Simmons as they have built their so called independent labels. It is important to note a label is not a record company but simply an imprint. It is like a paper transaction with all ownership rights and control belonging to someone other than the label owner. Cohen is the key because he is not what the trade magazines say he is. For starters you have to trace his leniage. His father Elisha was involved is intimately involved in African intrigues especially in Nigeria where he was a supporter of General Olusegun Obasanjo who later served as Nigeria's president. He is said to have connections to the Mossad and Shin Bet Intelligence services. He operated a construction firm Solel Boneh. Listed below is an excerpt of an article detailing his activities.

Quote:
Elisha Cohen was born in Tel Aviv in 1930. He enlisted in the Palmach and served in the Harel Brigade commanded by Yitzhak Rabin. He was lightly wounded in his eyes during the battles for the Jerusalem corridor, and hospitalized. There he met a nurse called Ziva, who took care of him. Some time later, the two were married and they had two sons, Harel and Lior. After the War of Independence, he worked for the Mekorot Water Company installing pumps and other equipment. At the beginning of the 1950s, he decided to study mechanical engineering in the United States and earned his living as a guard at the Israeli consulate in New York.

At some stage, Cohen's marriage got rocky, he divorced and married Susan, a young American woman. The couple had two children, Tamar and Michael. For a while, Cohen worked in America for a company that installed air conditioners, but he was not satisfied with his job. At the time, Susan was working as a secretary in the offices of Solcoor, which was owned by the Histadrut labor federation, in New York.

In 1963, Solel Boneh, also owned by the Histadrut, sent its representative, Mordechai Allison, who had completed a stint in Nigeria, to New York to open a branch there. In his search for a secretary, he heard about Susan Cohen and offered her the job.

The Solel Boneh offices also served the company's subsidiary, Reynolds, which it had purchased back in the 1950s for legal and business-related reasons. This enabled it to submit bids for U.S. government projects. Among other things, during that time, Solel Boneh won contracts to build military bases in the United States and Turkey. Reynolds and Solel Boneh were among the jewels in the crown of Hevrat Ha'Ovdim (the Workers' Company) - the body that united, coordinated and administered all the businesses, companies and industrial plants of the Histadrut's economic empire.

Through Susan, Allison met her husband, Elisha, and became friendly with him. Cohen asked to work at Reynolds but because of Histadrut regulations, which prohibited the employment of couples in the same office, this did not work out until after Susan resigned. Three years later, Allison returned to Israel and was appointed director of the external projects department of Solel Boneh. Cohen did not get along with Moshe Boaz, Allison's replacement, who wanted to fire him. With Allison's intervention, a compromise was achieved: Cohen was sent to Nigeria as the representative of Reynolds.

Reynolds submitted bids for Nigerian government contracts, with implementation of projects carried out by Solel Boneh, serving as the sub-contractor. During the 1960s, especially after Israel's victory in the Six-Day War, Israeli military and intelligence activity flourished in Africa. Nigeria, the wealthiest country on the continent, thanks to its oil and its large population, was considered a particularly desirable target for Israeli cooperation.

Cohen's main responsibility was in the area of public relations and international relations.

Ties with the top

From his office in Lagos, the capital, Cohen had to nurture ties with the upper echelons of the Nigerian administration and, through these ties, get contracts. Cohen, say those who knew him at the time, excelled at his job: Reynolds and Solel Boneh won, among others, three contracts for paving major roads in the country that totaled about $100 million.

Cohen was especially successful in establishing relations with military officers of all ranks, both senior and junior. However - as one of his acquaintances has explained - his special talent was for establishing relations with middle-ranking officers, especially majors and colonels - who, a decade later, attained senior positions in the government.

"Cohen knew how to impress," says someone who knew him during that period in Nigeria. "He gave his listeners - Israelis and especially Nigerians - the feeling that he was a mystery man. He let it be understood that he was connected to the Mossad and the Shin Bet intelligence services or maybe even represented them in Nigeria. Among other things, he related that he worked on behalf of the Mossad in North Africa. Most of the Israelis were not very impressed by his hints and most of us understood that this was just fake showing off. But on the Nigerian army officers this made a great impression. They believed him."

One of those officers with whom Cohen became friendly was Olusegun Obasenjo who, since May, 1999, has been serving as the elected president of Nigeria. Cohen met General Obasenjo during the 1960s as a civil war was raging in Nigeria over the succession of the province of Biafra, inhabited mostly by members of the Ibo tribe. The commander of the Nigerian army, which occupied Biafra, was Obasenjo who, at the time, commanded the army's Second Division. Cohen and other Solel Boneh employees were arrested then by the army, and General Obasenjo interrogated Cohen personally. In the interrogation, the accusation was that Solel Boneh had built installations, paved roads and provided equipment to the rebels in Biafra. Cohen replied: "We can also build for you."

This was the beginning of a friendship that lasted for several years and that benefited both Cohen and the company. In 1976, with the death of the popular General Murtala Muhammad, the military junta that had taken over the government of Nigeria appointed General Obasanjo as ruler of the country. He did not want to govern and after three years, handed over the government to civilians and helped re-establish a democratic regime. At a certain stage, he cut off his ties with Cohen after he heard that his Israeli friend was boasting of his influence on him.

In 1974, Cohen left Nigeria and returned to the offices of Reynolds and Solel Boneh in New York. But not for long. In 1976, Allison initiated a move in which he and Cohen quit Reynolds and Solel Boneh. They joined up with the Ashtrom company, which had been established in 1958 (by five people who had resigned from Solel Boneh in the wake of the firing of the CEO Hillel Dan), and together they purchased a company, which turned out to be the overseas branch of the American company of Johnson Drake and Piper (JDP). JDP had a fine reputation during World War II and built many bases for the American and British armies in America and elsewhere. Among other things, it built Tel Litvinsky, on which the Tel Hashomer hospital complex later went up. For tax reasons, the company was registered in the state of Delaware and it had a modest office in New York, which served as the "post-office box" for its dealings. It also opened an office in London.

The new partners directed their business to construction projects in Nigeria, but they found themselves facing stubborn rivals in the companies from which they had resigned: Solel Boneh and Reynolds. The struggle for every contract and project often led to reciprocal recriminations and threats. Cohen's connections with military officers and Nigerian intelligence people aided in the development of JDP.

Campaign against corruption

In 1983, after a four-year absence, the generals again ousted the elected civilian government in Nigeria. Heading the country was General Muhammadu Buhari. A number of government ministers, including transportation minister Dr. Umaru Dikko, fled the country. The press in Nigeria, influenced by the junta, was full of reports of the corruption of the ministers who had fled to safe villas they had prepared in advance abroad, along with secret bank accounts.

In the campaign against corruption, Dikko was depicted as enemy No. 1 of the Nigerian people. As transportation minister, responsible as well for the ports and shipping, he controlled most of the country's imports. This status, said his enemies, gave him access to many foreign businessmen and companies.

One of them was the Swiss-Jewish tycoon Nissim Gaon. Gaon, through Noga Commodities, was considered one of the major importers of goods into Nigeria. In addition to about 10 percent of the rice imported to Nigeria, his interests also included shipping, cement and construction materials and other goods.

According to members of the junta, Dikko exploited his public position to accrue private capital through bribes he got from various businessmen around the world. The bribery attributed to him was estimated at tens of millions - and perhaps even billions - of dollars.

Nigeria is considered one of the most corrupt countries in the world. The blight affects everyone: officials, ministers and both senior and junior military officers. Dr. Dikko was no different from the members of the junta who accused him, but the officers who had taken over the government needed a scapegoat to divert criticism from themselves, especially at home. They made him into an enemy of the people.

Even today it is not clear who in the junta first had the idea of kidnapping Dr. Dikko to bring him to a kind of show-trial in Nigeria. But whoever it was who had the idea also knew to whom to turn. In the eyes of the Nigerian plotters, the man for the job was Cohen, who was not only a businessman but also - or maybe only - an agent of the Israeli intelligence services or at least connected to them.

At the beginning of 1984, on one of his many quick trips to Lagos, Cohen accepted the proposal he received from a friend, a retired senior army officer. The Nigerians transferred to him between $3-$5 million, and put the national intelligence service at his disposal.

From that moment, the mission became the focus of Cohen's life. "For him, this was the fulfillment of all he dreamed of being and wasn't: an international conspirator and secret hush-hush missions," related an acquaintance of his.

Cohen set about planning the operation like a veteran intelligence man. First of all, he looked for a "field man," who would be directly responsible for the operation. He hired Alex Barak of Netanya. It is not clear how Cohen came to know about him, but he promised Barak considerable sums of money, apparently hundreds of thousands of dollars, and full coverage of all his expenses. Barak himself, today the owner of a cafe in Tel Aviv, refuses to tell how he was enlisted for the mission and is not even prepared to admit that he knew Cohen.

Born in 1957, Barak comes from a family of diamond merchants. He studied at the military boarding school at the Herzliya Gymnasium in Tel Aviv and the Sharett High School in Netanya. He did his military service in the army newspaper Bemahaneh, and as a photographer for the intelligence corps. Afterward, he tried to do business in Israel and abroad, but with little success; he had a run-in with the law in Germany and returned to the diamond business.

Cohen took care to put up a smokescreen so that the operation could not be attributed to him.

Months later, Cohen began to suspect that the reason for the failure had not been negligence. One of the possibilities that arose was that someone in the embassy in London, perhaps someone who had been close to Dr. Dikko or belonged to his tribe, had intentionally caused the delays in order to thwart the operation.

According to another version, the same elements in the ruling junta who had initiated the approach to Cohen were the same as those who scotched it by leaking information about the abduction to the British authorities, and everything that happened at Stanstead Airport had been a "staged show." That is, the people of the junta in fact did not want Dr. Dikko to be brought to their country to stand trial. They were afraid that such a trial might be a Pandora's box that would expose their own corruption.

The British government could have got their hands on the initiators of the operation: the military junta and Elisha Cohen. Investigators of the Anti-terrorist Squad of the London Metropolitan Police headed by Commander Hacklesby quickly discovered - from information that emerged from their interrogation of the British detectives that had been hired to follow Dr. Dikko - that Cohen was involved in the affair and that he had been sent by the junta. But the British Ministry of Defense ordered a stop to the investigation; Margaret Thatcher's government feared that problems with Britain's relations with Nigeria would disrupt commerce between the two countries. Thus Cohen was saved from British prison, although until his dying day, he stayed away from Britain for fear that he might be arrested.

Immediately after the failure of the operation, Cohen retained the services of Israeli lawyer Uri Slonim, who until then had handled some of his private business. Slonim flew to London and organized the legal defense of the three Israelis. He hired the best British lawyers for them, but to no avail.

Alex Barak, who had taken all the blame upon himself, was sentenced to 14 years' imprisonment. Eight-and-a half years later he was released. Felix Abutbul and Dr. Shapira were sentenced to 10 years, and served six. Major Yusufu was sentenced to 12 years in prison. Dr. Dikko studied law in England and returned a few years later to Nigeria, where he again acquired a respectable standing, this time in the legal system.

Slonim continued to take care of the three Israelis while they were in prison. He organized visits by their families several times a year, and saw to it that money was transferred to them. Dr Rivka Shapria, the anesthesiologist's wife, received over a period of a number of years a monthly stipend of $1,000. It is not known what sums of money were received by the families of Felix Abutbul and Alex Barak.

Cohen spoke little about the operation, but his pride could not withstand the temptation. From time to time, he dropped hints and let a handful of friends in on some details of the secret. During the last seven years of his life, he was gravely ill and divided his time between his home in a small New Jersey suburb, his apartment in Ramat Aviv Gimmel and his house in Caesaria. He also tried to create among his friends the impression that this had been an "official" operation and not a private adventure. When they disagreed with him, he would shrug his shoulders and say, "What do you know?"

Susan continued to believe even after his death, that her husband had been a special Israeli operative. "Is it true that he worked for the Mossad?" she asked his friends.

Elisha's widow, who now lives in the United States, refused to be interviewed for this article. This was also the case with their daughter, Tamar Lamdan, who lives in Tel Aviv.

According to Cohen's son, Harel: "I never spoke to my father about the subject because there were subjects we never discussed, even though I had heard talk that my father had been involved in the matter. I know that he denied this when he was asked."


As you can see there is a lot more going on behind the scenes than most realize and none of it is kosher. His name has come up in discussions about retired brigadier general Shlomo Ilya and his partners Ben Gal and Meir Dagan (before he was appointed to lead the Mossad) who were very active in exporting arms to Nigeria. Now go back to Lyor who got his start working at the Bank Leumi in Los Angeles. The parent company of Solel Boneh was Housing and Construction Holding, which was partially owned by the Arison family. Now go back to March 2009 and review the Israeli strike of a Gaza-bound weapons convoy that was said to have originated in Iran but was struck in Northern Sudan and another piece of the puzzle falls into place. Most of the Israeli Falasha's were smuggled not from Ethiopia but from the Sudan. Why is this? The Sudan is an area dominated by Muslims not Falasha Jews. In fact very few Falasha have been allowed to migrate to Israel from Ethiopia in recent years as racist sentiments have block many attempts to settle them. Possibly Shyne can address some of these issues or quite possibly we will be reading about his demise.

To Be Continued...
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FINCEN
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PostPosted: Wed Jan 19, 2011 5:52 pm    Post subject: ...Jay-Z's controllers... Reply with quote

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Jay-Z has reached a settlement with his lenders over the site of a planned boutique hotel near the High Line and has deeded the property back to them for the value of the senior mortgage, according to recently-filed public documents.

The hip-hop mogul, whose given name is Shawn Carter, had partnered with real estate investors Charles Blaichman and Abram Shnay to purchase the site, a former Time Warner Cable warehouse at 511 West 21st Street, in 2007. The property was to become the first of many J Hotels, but the plan was foiled when the partners defaulted on their $52 million senior loan in August 2009, prompting a legal battle over their interest payments.

In February, Jay-Z filed a lawsuit in federal court in Manhattan, claiming that Dallas, Texas-based investment firm Highland Capital Management and special servicer Nexbank SSB were trying to "bleed" an additional $3.7 million in funds from his company instead of taking the property back in a deed-in-lieu of foreclosure in a timely manner.

The defendants filed a counterclaim in June, and the case was settled out of court and dismissed in October, court documents show. The terms of the settlement were not available, but sources close to the situation confirmed that the matter had been resolved.

According to a deed filed today with the city, Jay-Z transferred the title of the property to West 22nd Street Luxury Resort LLC, an entity controlled by his lenders.

A Highland spokesperson declined to comment, and representatives for Jay-Z and Nexbank did not immediately respond to requests for comment.

It's not the only failed High Line project for the trio. Also in 2007, they had teamed up with hotelier Andre Balazs for a new 11-story luxury hotel at 345 West 14th Street that never came to fruition. They defaulted on their $24 million loan there after the real estate market tanked, and a legal battle over control of the site ensued. Earlier this year, a third-party, DDG Partners, bought that loan at a discount.


Now consider the fact that Roc Nation is a record label owned by Sony Music Entertainment which is owned by Sony Corporation. Also consider the fact that for all of the hyperbole surrounding Jay-Z's alleged $500 million dollar net worth, Def Jam allowed him to buyout his contract for $5 million in 2009. So that brings us to the Live Nation Deal worth a reported $152 million. The Live Nation deal's payout covered the estimated cost of financing future entertainment ventures, live shows, tours and future recordings over the course of a 10 year span. That means that when Jay-Z recorded the Blueprint 3, which was distributed under the Atlantic Records label, the cost of recording, printing, distribution and marketing was paid out of that $152 million credit line. Atlantic Records is owned by Warner Music Group which is in turn controlled by Edgar Bronfman Jr. And so it is we find the J Hotel ultimately benefitted Bronfman as the owner of the 'former Time Warner Cable warehouse.' The Live Nation deal is simply a $15.2 million annual credit line that covers the cost of projects and recordings. It is cross-collateralized which means recording costs can be recouped out of his concert earnings, appearances and other ventures. This is a brilliant deal for Live Nation which has no mechanism to release or market records but specializes in placing its clients in concert venues an example of which is the New Year appearance of Jay-Z at the Cosmopolitan in Vegas. Whatever appearance fee Jay-Z received ' it has been reported that it was $1 million,' Live Nation took a cut off the top. That is the way the business works and when you consider that Live Nation is a spin-off of Clear Channel Communications, you gain a clear understanding of who truly controls what and whom. Remember Live Nation merged with Ticket Master which was owned by Barry Diller's IAC. Diller is a very good friend of Edgar Bronfman Jr. When Diller stepped down from the board of directors at Live Nation, he was replaced by Irving Azoff, who as you may recall was once a power at MCA Records which was absorbed by Bronfman several years ago.

Azoff is also the owner of Front Line management company. Front Line is a venture that was backed by Thomas H. Lee Partners, a private equity firm that partnered with Lexa Partners 'Bronfman's private equity venture,' and Bain Partners in the purchase of Warner Music Group. Front Line consolidated music-management firms in the same manner that the music industry now consists of four major players. Clear Channel served the same purpose in regard to radio stations. Azoff sold Diller a stake in Front Line management in 2007 and assumed the post of CEO of Ticketmaster Entertainment. A year later Ticketmaster spun off from Diller's IAC and Bain Partners and Thomas H. Lee combined to purchase Clear Channel Communications for $18 billion. That was followed up months later by the merger of Tickemaster with Live Nation which 'as previously mentioned,' had spun off from Ticketmaster. Azoff assumed the posts of executive chairman of Live Nation and CEO of Front Line. Diller served as chairman of the board at Live Nation. Therefore you can expect to see some sort of television project launched by the 'network' crediting Jay-Z in some capacity. Therefore Electus, the IAC backed production company founded by Ben Silverman is the perfect vehicle for something like this. Silverman is the former co-chair of NBC Entertainment and he is in the process of building a "new international distribution arm that taps into unconventional models and platforms." Electus recently acquired Engine Entertainment, a deal that expands their reach in terms of global television program distribution and or control. Now when Azoff gained his seat on the Clear Channel board, the man who stepped down to make room for him was Thomas H. Lee's managing director Kent R. Weldon. Weldon was previously associated with Cumulus Media, Inc. While not well known name, Cumulus is the second largest radio broadcast company in the United States. Another key figure in the Live Nation picture tied to Bronfman is Michael Rapino. Prior to joining Live Nation, Rapino served as the Director of Entertainment and Sports and served as Head of Labatt Marketing brands. Labatt is a Canadian brewing company that Peter and Edward Brontman once owned. The pair used Brascan Ltd., to acquire 41 percent of Labatt in the late 80s. They turned around and sold this stake in 1993 leaving the company in an extremely vulnerable position. Rapino also served as a partner in a venture known as Core Audience Entertainment. Core was purchased by Live Nation in 1999. Core was absorbed by SFX Canada and merged with Bill Graham Presents of San Francisco. SFX was also linked with PACE Entertainment, a mega-promoter headquartered in Houston Texas.

All in all the deals you read about that are attributed to their business savvy benefit the same people they always have. It simply illustrates an industry invest point that says "...we don't want to to be limited anymore to just getting revenue from record sales." The artist is going out as a result of "our risk, our investment," and they have a career that can bring great financial rewards from touring, publishing, merchandising, film and book deals. Those investors want and expect and are now crafting deals that appear lucrative to the artist but are beneficial primarily to the investors with crumbs trickling back to the artist. Even those artists like Madonna and Jay-Z who are publicly lauded for securing $100 million dollar deals. Sure the record companies are willing to grant established artists up to 30 points on their sales because less than 6% of an artists revenue is the result of actual music sales.

So in pursuit of the overall goal of increasing revenues, Warner Music fronted Chris Lighty, "a guy with no college or B School degree," in a venture called the Brand Asset Group. The Brand Asset Group has been credited with "creating multi-million dollar opportunities for its artists. It's artists mind you are all drawn from Warner Music Group. Therefore it should come as no surprise to learn that the CD's, films, tours, video games, book deals, clothing lines and 50 cents highly lauded Vitamin Water deal with Glaceau were agreements with corporations either owned or closely aligned with the ownership of Warner Music Group. Again return to the business model and you gain an understanding of how and why these deals come together.


Last edited by FINCEN on Wed Jan 19, 2011 10:16 pm; edited 1 time in total
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FINCEN
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PostPosted: Wed Jan 19, 2011 6:56 pm    Post subject: PACE Entertainment (bonus Info) Reply with quote

As stated in the previous posting PACE Entertainment is linked with Live Nation Entertainment. I'll explain further but it is interesting to note that PACE is a subsidiary a nonprofit 501 (c)(3) organization known as of The Pavilion Partners. Pavilion Partners is a volunteer organization that runs the nonprofit Center for the Performing Arts at The Woodlands, home of The Cynthia Woods Mitchell Pavilion. Pavilion Partners lists on its website a number of partnering organizations which include both Ticketmaster and Live Nation. The history of the organization begins with George P. Mitchell who was the chairman of Mitchell Energy & Development Corp. Mitchell 'the founder of the Woodlands a master-planned community located 27 miles north of Houston,' was born on Galveston Island in 1919. In 1949 he and his brother Johnny formed a wildcatting operation known as Christie, Mitchell and Mitchell. Among the early investors were Sam Maceo. The company grew steadily and absorbed a number of Texas companies along the way. Mitchell used a portion of this fortune to purchase the Balinese Room in 1965. Shuttered since the Maceo-Fertitta shift to Vegas in the late 50s, he was joined in the $100,000 venture by his brother Johnny and oilman Johnny Mecom. The trio failed to make much of the place sans gambling yet it preserved an important piece of the Islands history. Mitchell held onto the property for the remainder of his life, his estate sold the property in 1998 to real-estate investor Bob Greig for $160,000.

The Maceo Mitchell families continued to conduct business together and in 1990 the Woodlands Corp., purchased the Key Largo Hotel from Fertitta Development Corp. Fertitta Development Corp., is now known as Station Casinos. It was owned and operated by the late Frank Fertitta Jr. 5 years later the Fertitta family reacquired the property from The Woodlands Corp., when Tilman Fertitta's Landry's Restaurant group purchased the location in another complicated land deal. Tilman is credited with planning the development of the property while working for cousin Frank at Fertitta Development Corp., in the 80s. PACE Entertainment's business address is 515 Post Oak Boulevard in Houston Texas, it is not the same business as Pace Entertainment LLC., whic is on South Loop.


Quote:
Bob Greig is a native Houstonian who moved to Galveston in the mid 90s where he operated the Moody Civic Center. In a complex deal underscoring the nature of all things Moody, Greig immediately donated the pier and building that housed the Balinese room to the state and entered into a 60 year lease with the Texas General Land Office.

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beemoe
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PostPosted: Wed Jan 19, 2011 7:23 pm    Post subject: From Beemoe Reply with quote

I obviously pushed all the buttons on your control panel! Hehehehe.

Are you linking Maceo / Fertitta / Moody to Rothschild / Bronfman / Arabo?
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beemoe
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PostPosted: Wed Jan 19, 2011 7:27 pm    Post subject: From Bee again Reply with quote

So you don`t talk about Jay-Z music?........hehehe.
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beemoe
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PostPosted: Wed Jan 19, 2011 7:32 pm    Post subject: from Bee Reply with quote

This is a lot of info. I think I need to go over to Young Research and spend a whole day playing with all this. yep I`m back in LA.

I wonder how many of these mega-laundering operations are there?

This makes me study finance that much more.
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FINCEN
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PostPosted: Wed Jan 19, 2011 10:24 pm    Post subject: Contacts and Connections... Reply with quote

Oh the hours you can spend over at UCLA just digging and discovering. That place is a treasure trove of stored info. The number of laundering operations is endless. There are 1,000s of ways in which money is siphoned and cleaned, diverted and re-invested in legitimate ventures which are used to finance other nefarious deals on the side. The shoddy accounting and lack of education of entertainers provide the perfect cover. The propensity of people from lower income back grounds to spend frivolously aides in their exploitation by these types of figures. I'll go into detail in the Jerusalem network section on the connections behind the music and Jacob. Refer back to the section on Elisha Cohen and his activities as you read through it. Also go back to the discussion on Harry-O for the connection between him and Lyor. I can't express the depth of these contacts in one shot. It is a process of revelation that is slow and tedious because to say it is all interrelated over simplifies things.
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beemoe
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PostPosted: Thu Jan 20, 2011 3:24 am    Post subject: From Beemoe Reply with quote

Yep I finally made YRL as I`m writing. You`re right a person can get lost in this place doing research. It`s interesting what you`re saying about how the lack of education plays in all of this. Meaning how the ultra-rich taking advantage of many. After-all wasn`t that what the General Educational Board`s goal was anyway.

I`m taking the plunge. I`ve been playing around with finance for a long time. I`ve tried going back to work but it wasn`t the same anymore once I realized how the workers were "educated" by the system. I can only listen to conversations about football teams and celebs who really don`t have any power for so long. I`m moving on with this.

What do you think about Shorex?
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beemoe
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PostPosted: Thu Jan 20, 2011 3:30 am    Post subject: From beemoe Reply with quote

It`s funny in all this talk about how crime, finance and politics related you can rarely find anybody who wants to talk about the underlying structure in all of this. nevermind it`s the most important part. Credit The System`s educational tatics for this.

The Rich forced their game back on everybody else.

That quote by Napoleon which basically says "The only thing keeping the poor from killing the rich is religion'.
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beemoe
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PostPosted: Thu Jan 20, 2011 5:08 am    Post subject: From beemoe Reply with quote

The more I read this the more it reminds that almost anything can be financed even without money. That was the Noe Brothers dictum in "The Fountain Pen Conspiracy"

Financing without money is where the skill comes in.
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beemoe
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PostPosted: Thu Jan 20, 2011 6:19 am    Post subject: from Beemoe Reply with quote

I`m on Youtube while I`m writing this listening to ConFunkShun to Black Ivory to Roberta Flack to MFSB to Lalo Schifrin etc. it`s funny how much cheaper today`s music is compared to say 1979.

So are you sure you don`t want to talk about Jay-Z`s music? Hehehehe.

How familar are you with the Paradise Garage?
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FINCEN
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PostPosted: Thu Jan 20, 2011 1:08 pm    Post subject: Shorex and Paradise Reply with quote

Shorex falls right in line with the comments you made in regard to cultural conditioning. I guarantee you none of those who subscribe to their rhetoric are truly wealthy. They don't sell the secrets of the system to the masses. You hit the nail on the head. It has always been about gaining an advantage by convincing the people to give what the hold in exchange for nothing. That is the danger of credit and the accumulation of debt. It is the improvement of the slave system. Instead of one ethnic group they managed to enslave the entire population of the world under a debt heavy system. Ask someone what the result would be if everyone eliminated their debt and see what answer you get.

As for Paradise. What are you getting at B? Are you asking me about the alternate lifestyles of some of the best known rappers. Are you referencing the questions about the nature of Jay-Z and Tatta or Jay-Z and Kanye's relationships? Dr. Dre and Sam Sneed or LL Cool J and Russell Simmons or 50 cent and Game? Not sure what you are asking me on this one...
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beemoe
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PostPosted: Thu Jan 20, 2011 9:34 pm    Post subject: from beemoe Reply with quote

You`re right most of the "wealth systems" are aimed at people without any financial literacy. I can usually tell when the "salesperson" is selling capital gains vs. net monthly cash flow.

Hell it doesn`t require any skill to sit back and wait vs. getting some of your investment back in the near future (cash flow) which means that you have to be able to understand a cashflow statement.

The Paradise Garage was one of those brillant underground niteclubs that I grew-up on. A lot of people who like Sharon Jones et als. subscribe to the underground.

I along with Shakti were waiting for James Henry to drop his book "The Pirate Bankers" for quite some time now but I decide to go ahead and "raise some hell" myself.
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