Michael Jackson mime. His ability to keep one leg straight as he glides while the other bends and seems to walk requires perfect timing." Gordy said of the performance: "From the first beat of 'Billie Jean', I was mesmerized, and when he did his iconic moonwalk, I was shocked, it was magic, Michael Jackson went into orbit, and never came down." In November 1983, Jackson and his brothers partnered with PepsiCo in a $5 million promotional deal that broke records for a celebrity endorsement. The first Pepsi Cola campaign, which ran in the United States from 1983 to 1984 and launched its
Michael Jackson Jackson was having financial problems, the main house at Neverland Ranch was closed as a cost-cutting measure. Jackson had been delinquent on his repayments of a $270 million loan secured against his music-publishing holdings, even though the holdings were reportedly making him as much as a year. Bank of America sold the debt to Fortress Investments. Sony reportedly proposed a restructuring deal which would give them a 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 in April 2006, although the details were