2003–2007: Documentary, trial and business ventures
In 2003, Sony put out a compilation of Jackson's hits on CD and DVD. In the US, the album peaked at number 13 and was certified platinum by the RIAA, in the UK it was certified for shipments of at least 1.2 million units. In a Granada Television documentary titled Living with Michael Jackson, the singer was seen holding hands and discussing sleeping arrangements with Gavin Arvizo, who would later accuse him of child sexual abuse. In the same documentary Jackson was observed spending large amounts of money in an apparently frivolous manner, when he spent $6 million in a single store. Shortly after the documentary aired, Jackson was charged with seven counts of child sexual abuse and two counts of administering an intoxicating agent in order to commit that felony; all charges regarded the same boy, Gavin Arvizo, who was under 14 at the time of the alleged crime.
Jackson denied the sexual abuse allegations, saying that the sleepovers were in no way sexual in nature. Jackson's friend Elizabeth Taylor defended him on Larry King Live, saying that she had been there when they "were in the bed, watching television. There was nothing abnormal about it. There was no touchy-feely going on. We laughed like children and we watched a lot of Walt Disney. There was nothing odd about it." During the investigation, Jackson's profile was examined by mental health professional Dr. Stan Katz; the doctor spent several hours with the accuser too. The assessment made by Katz, was that Jackson had become a regressed 10-year-old and did not fit the profile of a pedophile.
The People v. Jackson trial began in Santa Maria, California, two years after Jackson was originally charged. During this period the singer became dependent on morphine and Demerol, a dependency which he subsequently overcame. He also suffered from stress-related illnesses and severe weight loss, that would alter his appearance. The trial lasted five months, until the end of May 2005, he was acquitted on all counts. Jackson then relocated to the Persian Gulf island of Bahrain as a guest of Sheikh Abdullah.
Sony BMG released Visionary: The Video Singles to the European market: a series of 20 of his biggest hit singles of the 1980s and 1990s. Each single was issued weekly over a five-month period in DualDisc format (DVD video on one side, CD audio on the other), and the whole group of discs was made available as a boxed set afterwards. The box set was released in the US on November 14, 2006.
Reports of financial problems for Jackson became frequent in 2006 after the closure of the main house on the Neverland Ranch as a cost-cutting measure. One prominent financial issue for him concerned a $270 million loan secured against his music publishing holdings. After delayed repayments on the loan, a refinancing package shifted the loans from Bank of America to debt specialists Fortress Investments. A new package proposed by Sony would have had Jackson borrow an additional $300 million and reduce the interest rate payable on the loan, while giving Sony the future option to buy half of Jackson's stake in their jointly owned publishing company (leaving Jackson with a 25% stake). Jackson agreed to a Sony-backed refinancing deal, although details were not made public. Despite these loans, according to Forbes, Jackson was still making as much as $75 million a year from his publishing partnership with Sony alone.
One of Jackson's first documented public appearances since his trial was in November 2006, when he visited the London office of the Guinness World Records. He received eight records, among them "First Entertainer to Earn More Than 100 Million Dollars in a Year" and "Most Successful Entertainer of All Time". Jackson was awarded the Diamond Award on November 15, 2006, for selling over 100 million albums, at the World Music Awards. Following the death of James Brown, Jackson returned to the US to pay his respects. He, along with more than 8,000 people, paid tribute during Brown's public funeral on December 30, 2006. In late 2006, Jackson agreed to share joint custody of his first two children with ex-wife Debbie Rowe. Jackson and Sony bought Famous Music LLC from Viacom in 2007. This deal gave him the rights to songs by Eminem, Shakira and Beck, among others.
I've been in the entertainment industry since I was six-years-old... As Charles Dickens says, "It's been the best of times, the worst of times." But I would not change my career... While some have made deliberate attempts to hurt me, I take it in stride because I have a loving family, a strong faith and wonderful friends and fans who have, and continue, to support me.
—Michael Jackson
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