Two years in the past, Carlos Watson, co-founder and CEO of Oz Media, advised CNBC throughout a dwell tv broadcast that he was befriended by heavy steel legend Ozzy Osbourne and his spouse, music business supervisor and former speak present host Sharon Osbourne and have invested in his firm after a lawsuit.
“Enjoyable reality: our pals Ozzy and Sharon briefly sued us after which we determined to change into pals and now they’re traders in Oz,” Watson mentioned on CNBC on the time. (You’ll be able to take a look at the video above.)
None of this turned out to be true, in line with Sharon Osbourne, who spoke to CNBC on Thursday when hedge fund chief Marc Lasry stepped down as chairman of Oz Media.
Lasry’s resignation and Sharon Osbourne’s publicity got here days after the New York Occasions reported that an Oz govt posed as a YouTube official whereas calling Goldman Sachs in February a couple of potential $ 40 million funding. Along with Lasry’s resignation, veteran journalist Katty Kay has resigned from Oz Media and investor SV Angel has determined to surrender its stake within the firm.
“This man is the most important Shyster I’ve ever seen in my life,” Osbourne mentioned, referring to Watson, shortly after CNBC took her name. Osbourne mentioned she verified Watson’s declare after CNBC contacted her workforce with the main points amid the varied controversies surrounding Oz Media.
The Osbournes filed a trademark lawsuit in 2017 over the title Oz Fest, Oz Media’s annual live performance and competition. The Osbournes had produced a steel music competition referred to as Ozzfest for years, which featured acts like Ozzy Osbourne’s authentic band Black Sabbath, Software and Slayer.
Ozzy Osbourne and Sharon Osbourne announce that Ozzfest 2007 might be free. The announcement was made throughout a press convention on the Century Plaza Resort in Los Angeles, California on February 6, 2007.
Jason Merritt / TERM | FilmMagic | Getty Pictures
Sharon Osbourne advised CNBC that Watson tried to intimidate her amid the lawsuit filed.
Osbourne mentioned the 2 sides reached an settlement after the couple paid round $ 300,000 in authorized charges over the trademark dispute between Oz Media and the Osbournes firm.
The Wrap studies that court docket paperwork filed towards Oz Media on the time declare that the Oz Fest manufacturers “are virtually similar to MLC’s in look, sound, connotation and business really feel.” [Monowise Limited Corp.] well-known Ozzfest signal. “
Court docket paperwork state that the settlement took place in 2018. Osbourne shared the main points of the settlement with CNBC.
“He could not have the type of artists we received on our invoice,” Osbourne mentioned, referring to Watson. “So he could not have rock artists or different artists on his invoice. As a result of he began recording rap artists and we had a few rap artists. So he needed to approve the payments with me and he needed to approve the promoting with me. “
An Oz Media spokesperson didn’t return repeated emails asking for feedback on Osbourne’s remarks.
Carlos Watson speaks on stage throughout HISTORYTalks Management & Legacy offered by HISTORY at Carnegie Corridor on February 29, 2020 in New York Metropolis.
Noam Galai | Getty Pictures
Watson and his firm have come below growing scrutiny since a New York Occasions report highlighted a sequence of controversies at Oz Media. The report describes a case by which an Oz Media govt, whereas on the telephone with Goldman Sachs, allegedly posed as a YouTube agent who was contemplating an funding in Watson’s firm. The FBI allegedly began investigating the telephone name.
In a tweet on Monday, Watson referred to as the Occasions article a “hit job.” He hasn’t tweeted since then.
Watson, a former MSNBC contributor and CNN presenter, based Oz Media in 2013. The corporate produces on-line articles and tv packages. It has acquired assist from a number of notable traders and celebrities, together with former New York Yankees thug Alex Rodriguez. Joe Biden, Dr. Anthony Fauci and Mark Cuban have carried out at Oz Fest occasions.
In 2019, whereas sitting subsequent to Oz investor and his eventual chairman Lasry, Watson advised CNBC that after the dispute with the star couple was resolved, they grew to become traders in his enterprise. Lasry, a hedge fund supervisor and co-owner of NBA champion Milwaukee Bucks, was named chairman of the board of Oz Media in September.
When requested if the Osbournes invested in Oz, Watson mentioned, “Now they’re traders. They’re a part of the household.” He appeared on CNBC to advertise the Oz Fest, which was because of be held in New York on the time. CNBC was media accomplice for Oz Fest 2019, which was canceled because of excessive warmth.
Osbourne, herself a longtime tv persona, mentioned that neither she nor her husband had been ever shareholders within the firm. Sharon Osbourne left The Discuss that yr after a heated speak on the air and an inside investigation.
(LR) Samantha Bee, Mark Cuban, CEO and Co-Founder Carlos Watson, and Jeb Bush converse on stage throughout OZY FEST 2017 offered by OZY.com at Rumsey Playfield on July 22, 2017 in New York Metropolis.
Bryan Bedder | Getty Pictures
“We’re by no means, by no means a good friend, and we’ve little interest in his firm,” Osbourne mentioned in response to Watson’s claims in an interview with CNBC. When requested if she and her husband ever invested in Watson’s firm, Osbourne mentioned, “You should be kidding. There isn’t any means we’ve invested in something.”
Osbourne mentioned her husband Ozzy Osbourne had by no means spoken to Carlos Watson or met whereas she and Watson solely spoke by telephone.
“He is loopy,” Osbourne mentioned of Watson. She famous that he had supplied her shares within the firm through the lawsuit, however she declined.
“To be trustworthy, he mentioned, ‘Effectively, we’re supplying you with shares within the firm, however I mentioned,’ Your organization is nugatory. ‘ He mentioned, “We now have all of this assist. All these billionaires. And you understand we will go on suing you and I may give you some stake. “However I feel, ‘A part of what? What are you doing?’”
Watson, Osbourne mentioned, tried this tactic over and over through the talks.
“Then he tells me that he has billions behind him as a result of his primary shareholder within the firm is the spouse of a deceased man [and ran] Apple, “Osbourne mentioned, referring to Emerson Collective’s Laurene Powell Jobs. Osbourne additionally used the wealth of Powell Jobs as an intimidation issue.” We have their cash behind us. I will battle you all the way in which, “Osbourne mentioned, Watson advised her.
“I feel, ‘However it’s not proper that you just stole that title,’” mentioned Osbourne.
Watson has appeared on CNBC a number of occasions, together with this January when he was on a panel with Ben Smith, the editor of the New York Occasions, who revealed the story of the Goldman Sachs name over the weekend.
– CNBC’s Dan Mangan contributed to this text.