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Katherine Jackson's Secret Contract

11/12/2010 9:00 AM PST BY TMZ STAFF

Katherine Jackson has been bitterly complaining the Michael Jackson Estate is not giving her enough money, and now we know what she's done to supplement her income in a big way.

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TMZ has obtained a contract Katherine signed with Vintage Pop Media (VPM), the company that owns tens of thousands of photos, videos and other MJ items.  Under the deal -- which is not sanctioned by the MJ Estate -- Katherine agreed to participate in the production of "The Katherine Jackson Story," some sort of MJ documentary set to music.  Katherine also agreed to pen the book that was just released, "Never Can Say Goodbye."

In return for her work, VPM -- owned by her controversial business partner Howard Mann -- agreed to pay Katherine 25% of the net profits with a minimum monthly guarantee of $10,000-a-month.  But here's what's really interesting ... there's no end date for the $10-grand-a-month, so if you read the contract literally, VPM agrees to pay Katherine at least $10k-a-month for the rest of her life.

And get this.  The contract also says Katherine has the legal right to "forever bind" Michael's kids, Prince, Paris and Blanket.  According to sources familiar with the MJ Estate, Katherine does not have the power to contractually bind Michael's kids.

Katherine is already raking in $26,000-a-month from the MJ Estate, but she's complaining she wants more.  Looks like she found it.

Howard Mann tells TMZ, "This is one of several agreements with Mrs. Jackson. This was a starting point in our relationship."


288 COMMENTS

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1.

BrAnBa    

I used to like Katherine, thinking she was the victim of Joe´s greed and power. Now I´ve totally changed my mind. She showed her true face after Michael´s death. It´s ALL about money!

1438 days ago
2.

Carvey    

Turns out ol' Joe wasn't the only evil one in this parenting duo.

1438 days ago
3.

sparkle girl    

what a charming "mann" to associate yourself and your grandchildren with. smdh mike come back, things are going to hell in a hand cart without you here. i am totally disgusted.

1438 days ago
4.

TC    


Pathetic. Shame on these opportunists. Nice to crap on your son's memory. These little people rode the coats of this true performer, and are shuffling for the scraps. PATHETIC! Funny how they come out of the woodwork to claim what is not even theirs yet they didn't do squat to help their out of control son.

1438 days ago
5.

Andy    

She needs all that money to pay for all the people living at her house.

1438 days ago
6.

rosie segerra    

Did u see how many of her grandchildren are living in her house? How can $26,000 be enough for them? She must have been receiving a monthly allowance from Mihael when he was still alive.

1438 days ago
7.

Andy    

Thast contract was signed 6 months after Michael died :P

1438 days ago
8.

Phreaky    

This whole family is sickening. How in the world can you not live on 26k a month when you are like 80 years old? Oh, because she has to support all the other relatives too, that's why. GET JOBS! Stop being leeches!

One of the brothers works at a grocery store. TAKE A HINT JERMAINE!

1438 days ago
9.

Cartman    

Mama Jackson ain't nothin but a ho, lol.

1438 days ago
10.

Horse13    

With parents like this it's no wonder MJ turned into the freak he was.
Pretty sad when your Mom and Dad are picking the bones of your corpse.

1438 days ago
11.

Sapphi    

What a woman! Needs more money to cover the colossal outgoings for her and the kids & co so she GOES TO WORK. For someone her age this is so admirable.

1438 days ago
12.

Nessie    

It's about time people woke up to Katherine's money grubbing!!! Everyone has been blaming Joe for being greedy and living off the backs of his performing kids, but he was never alone in this.
Read the history of how they got started, and you will discover that it was Katherine who pushed for a performing contract for the boys. When she saw how talented young Michael was, she told Joe "We need a contract. He's not going to be cute and little forever".
And anyone who thinks Janet is any better is mistaken...

1438 days ago
13.

mysteria333    

I'AM SHOCKED THAT MRS. JACKSON IS ONLY GETTING SUCH A PITLY AMOUNT WITH ALL THE MONEY MICHAELS ESTATE IS MAKING... HOW EVER I'M SURE ALL HER NEEDS ARE BEING MET AND ALL THE BILLS ARE BEING PAID... BESIDES I'M CERTAIN MICHAEL IS OVERSEEING EVERYTHING ANYWAYS...MRS. JACKSON IS A WONDERFUL HUMAN BEING ,,, YOU MUST REALIZE MICHAEL WAS RAISED BY HER AND LOOK HOW KIND AND GIVING HE IS,,, MOMMA JACKSON TAUGHT HIM THAT..PLEASE BE MORE RESPECTFUL OF HER... THATS HER SON,, AND MICHAEL LOVES HER VERY MUCH..NOTHING CAN BE ACCOMPLISHED BY GIVING INSULTS AND NAME CALLING EXCEPT TO ADD MORE PAIN TO THE WORLD...TRULY HAVENT WE GOT QUITE ENOUGH HURT AND PAIN ALREADY ??? I LOVE YOU MICHAEL ,,, ETERNALLY !!!

1438 days ago
14.

happylittlebluebird    

I can't understand why Jermaine and Randy don't just take care of their own freaking kids. I can't believe they just ditch them at their mother's house, why they go off and pretend their kids don't exist. Seriously! Michael Jackson not only had to support Katherine and Joe, but his nieces and nephews and cousins as well. Take a guess who paid Jermaine's child support... Michael Jackson. Who forked out over $30 000 a year for Taj, Taryll and TJ's private school fees? Michael Jackson. And people sit back and wonder why this guy couldn't afford to pay his own bills. He's spent the majority of his adult life trying to pay for everyone else's. The brothers need to be men, step up and take responsibility for their own kids.

1438 days ago
15.

UNITED4MJLEGACY    

http://www.change.org/petitions/view/michael_jackson_fans_united_for_his_legacy_mjful


Michael Jackson's fans want Howard Mann & his website gone from Michael Jackson's kids lives NOW!!!

He is a parasite and opportunist

Please sign the letter

1438 days ago
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