Co-executor John Branca tells TMZ, the first show will open in fall of 2011 -- and will travel throughout North America including the Staples Center in L.A. ... the same venue where MJ's memorial was held.
The show will be heavily focused on dancing -- honoring the legendary moves of MJ. It will also feature Jackson's songs and have the trademark Cirque du Soleil acrobatics.
In 2012, a second show -- in partnership with MGM MIRAGE -- will open in Las Vegas which will be far more theatrical with emphasis on technology and 3D. "It will be a theme-park-like show," says Branca.
Sources say the shows will be worth a fortune to the estate. Cirque and the estate will split costs and profits 50-50.