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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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286.

tiny_dancer    

God Bless Howard Mann. He is the only person who has ever had the balls to stand up to the estate lawyers-shysters. I also think the estate is scared of him. Good! God will be on Kathrine and Howard Mann's side. fight the good fight!!! God bless you Howard Mann.

1090 days ago
287.

secretsquirrelontop    

Exactly. Howard Mann is the Jackson Family's white Knight. He has my blessing too.

1074 days ago
288.

Mia    

I do not think Kathrine Jackson is greedy. Maybe Joe was but not her. That estate made so much money in 2010 and so what if Kathrine Jackson writes a book and sells it with the help of her family's friend. That is right "family friend". This guy actually owns the pictures and Kathrine wrote that book so who cares if they make some money from that. I want to hear the writings of Michaels mother about Michael and I want to see pictures that no one has seen before. All-good for me as a fan. It is good for me, good for Kathrine & her partner/friend Howard Mann. Oh wait!! the only people who that is not good for are the greedy lawyers of that estate who do not get some money.

1062 days ago
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