- OG Media founder Carlos Watson claimed on Businesshala in 2019 that Ozzy Osbourne and Sharon Osbourne had invested in his company. According to Sharon Osbourne, it was a lie.
- Watson’s Ozzy Media has come under fire after several reports about alleged misconduct by the company.
- Osbourne told Businesshala his story as investor and hedge fund honoree Mark Larry stepped down as OG’s chairman after just three weeks on the job.
Two years ago, Ozzy Media co-founder and CEO Carlos Watson told Businesshala during a live television broadcast that heavy metal legend Ozzy Osbourne and his wife, music industry manager and former talk show host Sharon Osbourne, became friends with him. Went. and invested in his company after a legal battle.
“Fun fact: Our friends Ozzy and Sharon sued us briefly, and then we decided to be friends and now they are investors in Ozzy,” Watson said on Businesshala at the time. (You can watch the video above.)
It turns out none of that was true, according to Sharon Osbourne, who spoke to Businesshala on Thursday, just as the hedge fund left Mark Larry as OG Media’s president.
Larry’s resignation, and Sharon Osbourne’s revelation, came days later The New York Times reported That was introduced by an Ozy executive posing as a YouTube executive on a February call with Goldman Sachs over a potential $40 million investment. Beyond Larry’s resignation, veteran journalist Katy Kayu has resigned from OG Media and investor SV Angel has decide It is offering its shares in the company.
“This man is the biggest shy I’ve ever been in my life,” Osbourne said, referring to Watson, as Businesshala answered her phone call. Osbourne said she had reviewed Watson’s claim after being reached by Businesshala with details of her team in the wake of the various controversies surrounding Ozzy Media.
Osbourne filed a trademark lawsuit In 2017 named Ozzie Fest, which is Ozzie Media’s annual concert and festival. Osbourne had over the years produced a metal music festival called Ozfest, which has featured acts such as Ozzy Osbourne’s original band Black Sabbath, Tool and Slayer.
Osbourne told Businesshala that Watson tried to intimidate her after the lawsuit was filed, saying that her company had too many resources and could escalate the legal battle to continue paying exorbitant legal fees to the family. Will happen.
Osbourne said the two sides settled after paying about $300,000 in legal fees over a trademark fight between Ozzy Media and Osbourne’s company.
NS Sheet Reports that court documents filed against Ozzie Media at the time claim that Ozzie Fest trademarks are “virtually identical in sight, sound, meaning and commercial effect to MLC’s well-known Ozzfest mark.”
Court documents say the settlement took place in 2018. Osbourne shared details of the agreement with Businesshala.
“They couldn’t have the kind of actors that are on our bill,” Osbourne said, referring to Watson. “So he couldn’t have any rock artists or alternative artists on his bill. Because he was starting to take on rap artists and we had some rap artists. So I think ‘This is getting ridiculous now.’ So, he had to clear the bills with me and he had to clear the ad with me.”
An Ozzy Media spokesperson did not return repeated emails seeking comment on Osbourne’s remarks.
The investigation has been mounting since a report by Watson and his company new York Times Ozzie detailed several controversies in the media. The report describes an example when an Ozzie Media executive in a phone call with Goldman Sachs allegedly impersonated a YouTube representative who was thinking of investing in Watson’s firm. The Federal Bureau of Investigation has reportedly opened an investigation into the phone calls.
Watson, a former MSNBC contributor and CNN host, founded OG Media in 2013. The company produces online articles and television programming. It has attracted support from many big-name investors and celebrities, such as former New York Yankees slugger Alex Rodriguez. Dr. Anthony Fauci and Mark Cuban appeared at OG events.
In 2019, Watson, sitting next to Ozzie investor and eventual chairman Larry, told Businesshala that after the lawsuit with the star couple was settled, they became investors in his business. Hedge fund manager and co-owner of the NBA champion Milwaukee Bucks, Larry, was named chairman of the board of OG Media in September.
Asked whether Osbourne has invested in Ozzy, Watson said, “Now they are investors. They are part of the family.” He appeared on Businesshala to promote Ozzy Fest, which was then scheduled to take place in New York. Businesshala was the media partner for OG Fest 2019, which was canceled due to extreme heat.
Osbourne, herself a longtime TV personality, said that neither she nor her husband have ever been shareholders in the company. Sharon Osbourne Left The daytime talk show “The Talk” followed a heated conversation and an internal investigation this year.
“We’re never a friend, and we’re not interested in his company,” Osbourne said in a Businesshala interview responding to Watson’s claims. Asked if she and her husband have ever invested in Watson’s company, Osbourne said: “You must be kidding. We didn’t invest in any way.”
Osbourne said that her husband, Ozzy Osbourne, has never spoken or met Carlos Watson, while she and Watson have only spoken on the phone.
“He’s crazy,” Osbourne said of Watson. He noted that during the legal battle he offered his shares of the company but he declined the offer.
“To be honest, they said, ‘Okay, we’ll give you shares in the company,’ but I said ‘Your company has no value.’ He said, ‘We have all this support. All these billionaire people. And you know we can sue you and I can give you some shares.’ But I’m like, ‘What shares? What do you do?’
According to Osbourne, Watson tried these tactics over and over again during these conversations.
“Then he tells me he has billions behind him because his main shareholder of the company is the wife of a boy who died [and ran] Apple,” Osbourne said, referring to Laurene Powell Jobs of Emerson Collective. According to Osbourne, he also used Powell Jobs’ wealth as a scare factor. “We’ve got his money behind us. I will fight you by all means,” Osbourne said as Watson told her.
“I’m like, ‘But it’s not fair that you stole this name,'” Osbourne said.
Watson has appeared on Businesshala several times this year—including in January—when he was on a panel with New York Times editor Ben Smith, who broke the story over the weekend about the Goldman Sachs call.
Businesshala’s Dan Mangan contributed to this article.