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Michael Jackson Executors Want 10%

1/22/2010 6:19 PM PST BY TMZ STAFF

Michael JacksonMichael Jackson's executors want 10% of the profits from most things Michael Jackson.

In legal docs filed today, lawyers for John Branca and John McClain asked the court to green light compensation to the tune of 10% of all profits, excluding profits from "This Is It" and profits from the Sony/ATV and Mijac catalog.

Howard Weitzman, Branca and McClain's lawyer, notes that the estates of other big musicians pay out 15 to 25 percent of profits to people who run their businesses after death.

110 COMMENTS

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106.

CK    

they deserve the 10% - as long as the estate stays lucrative - if if begins to decline the amount they make declines as well. Since MJ will keep them working well into 2020 and beyond - they really should have to work for whatever money they get

1548 days ago
107.

Daphne Lorincz    

Branca is familiar with CHEATING MICHAEL with offshore bank accounts
NO WAY IN HE$$ THIS GUY WAS REHIRED 8 DAY BEFORE MICHAEL DIED
JOHN BRANCA IS A LYING FRAUD!

IS MICHAEL JACKSON'S WILL VALID, Part 3
(2003 investigation & termination Letter to John Branca)
http://www.youtube.com/watch?v=tVGHcdZEHIs

Posted at 5:42PM on Jan 22nd 2010 by Helen

The thing is the Probate Judge appointed them as permanent executors. Isn't this true, so I guess u have to accept that, and move on. Give the executors a chance to do their things, you just might be surprised to find out in the future that they are doing good things for the estates. This is just my opinion. I also read in magazine or something in Canada that after MJ investigated the situation between his attorney & Sony, nothing bad came out, no one cheated him. MJ was responsible for a lot of things himself. He was a brilliant entertainer, but off stage, his personal life was a mess. Lets keep his music legacy alive, we all miss him, and leave the executors do their thing.

1547 days ago
108.

chelsea    

Michael had faith in branca and mac clain !! Then, I think normal paid to 10 % of profits and MJ's benefits height! In addition, they work very well I know them and met with one of them, very professional serious people and manage very well MJ's estate! but I don't have confirmation that information still TMZ is true or just one more rumour ! to check...

1547 days ago
109.

chelsea    

Hi! I'm totally agreed with u Blair . All you said is true . MJ and Branca were very close till end!

1546 days ago
110.

gayat1    

Wow MJ was pretty smart even his kids are not in control of the estate so when they get older they will always have someone in charge of the estate and while they will have input I am sure, ultimately they and or their descendents will always have wealth because no one individual or individuals can go "off the wall" and spend it all.

1542 days ago
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