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Pop icon Michael Jackson, who has a solo album in the works and a reunion concert with his brothers planned for this fall, has severed ties with his powerhouse management company, both parties said Thursday. The Firm, which has represented Jackson’s solo interests for the past year and a half, parted ways with the Gloved One this week. “All I can say is that it didn’t work out,” Jackson publicist Cheri Fein told Reuters. Both she and The Firm declined to give any specific reasons for the separation. But the music news Web site Hits Daily Double quoted one source… Read more »

Sir Elton John loses a multimillion dollar court battle against PriceWaterhouseCoopers and his former manager. Music superstar Sir Elton John has lost a multimillion dollar court battle against PriceWaterhouseCoopers and former manager Andrew Haydon in which John alleged that both parties were negligent in managing his affairs. At issue are expenses totaling about $20 million that John claims to have amassed during overseas travel. During the 43-day hearing, the court heard specific details of the singer’s extravagant lifestyle. Justice Andrew Ferris was told how the singer spent nearly $26 million in a single 20-month period and at one point had… Read more »