New York, Dec. 16 (Bloomberg) — Pop singer Michael Jackson has ended talks with former EMI Capitol Music head Charles Koppelman to raise $100 million by selling bonds backed by Jackson’s future royalties, possibly because of complications regarding ownership of his songs, the Daily News reported, citing an unidentified source close to the transaction. Jackson’s catalogue, Sony/ATV, is partially owned by Sony Corp., which would have to agree to the ond issue. A sale may still take place, as David Pullman, who created “Bowie bonds,” backed by future royalties of rock star David Bowie, may be interested in negotiating with Jackson, the paper said, citing unidentified sources.
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