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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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31.

shame on you!    

she's no different then her greedy sons and husband....they'll turn those kids into merch just like they did with their father....i guess they're almost happy he died so now they can make some quick bucks....SHAME ON U JACKSONS!!!

1419 days ago
32.

Mina    

To #15

Well, the reason to why Katherine is getting that amount it because the estate is still in probate!!!! Once the probate is over, the will get her share. At the mean-time she will only get a court-approved allowance

1419 days ago
33.

MJ the King    

I just signed this letter. Thank you for posting...The Jacksons DISGUST me. ALL OF THEM...except for MJ's 3 kids.

They are leeches. No wonder MJ wanted nothing to do with them.

I will pass the petition around..for sure. I fully support your effort MJfans.

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

1419 days ago
34.

Pyrrho    

Another greedy Jackson exploiting MJ's memory and his legacy. What a surprise.

1419 days ago
35.

Kathy    

What does everyone want Katherine to do? Is she just supposed to give up and die? No! She has the will to do this and I imagine it is either this or lose her mind over Michael's passing. He is her son and I don't see where it is inappropriate for her to do this. If anyone has rights to Michael and anything Michael, it is Katherine Jackson. That is my opinion and I am sticking with it. "It's All For Love. L.O.V.E." Have a nice day.

1419 days ago
36.

angles    

THIS WOMAN IS FEEDING AN ARMY SO SHE NEEDS ALL THE MONEY SHE CAN GET .ALL THE PEOPLE LIVING IN THAT HOUSE HAS TO BE TRYING ON ALL .SHE NEEDS TO CLEAN HOUSE AND WHY NOT GET WHAT SHE CAN MICHAEL WOULD WANT HER TOO. SHE DESERVES MORE SHE WAS MICHAEL'S MAIN CONCERN FOR AND HIS KIDS THE HOUSE MUST BE A PRICE TO KEEP UP .SHE IS A LOVING WOMAN AND GOOD PERSON AT HEART.

1419 days ago
37.

Cookie    

She should be suing the estate for her share. Branca is eating it all.

1419 days ago
38.

Kristee    

What a horrible, greedy woman. She did nothing about the abuse when the kids were growing up and we know why, she loves the money every bit as much as that monster of a husband.

1419 days ago
39.

dd    

katherine jackson is a truly loving, gentle, wonderful woman. michael adored her. her family adores her. anyone can be made to look different than they are in an article that is written specifically for that purpose. that could be your grieving elderly mother trying to support your orphaned children -- and trying to pay off your zillions of dollars in debt at the same time. there are plenty of horrible people in this world -- direct the ugliness at people who actually deserve it, and be smart enough to see through a slanted article. we need more katherine jacksons in this world. those children are lucky to have her.

1419 days ago
40.

SoThere    

Apparently, parenting skills are not in their
heads or their kids wouldn't be as effed us as they are.
They all know how to xxxk but that's where it ends.
God help Mike's children under their supervision.
Michael, I'm sure you're much happier where you are now.
Watch over your children.

1419 days ago
41.

Barb.A.    

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 connected familiar with the MJ Estate, Katherine does not have the power to contractually bind Michael's kids.

===============================

How on earth can she legally sign MJ's kids lives over to anyone for the rest of the kids lives ??? I don't think this is legal. Juls if your there can you answer this ?

I don't care what the rest of the jackson's do, the can s.u.c.k. the bark off of tree's as far as i care but when they start messing with the children's lives it's time their lawyer steps in.

1419 days ago
42.

Biggi    

those poor kids...please Debbie take them away from Katherine and Joe!!!!

1419 days ago
43.

KP    

Gramma's in it for the dough!

1419 days ago
44.

tink981    

Why the hell do celebrities need so much money to live. In one month, she is getting more than half of what I make in a year. Seriously, what is she doing with it all?? 26K a month equal 312K a year. I would not be complaining with that kind of money rolling in. And as far as the other kids living there. Why is she obligated to care for them also. Force their parents to raise them. After that, 26K a month should be more than enough to provide for her and Joe and the 3 kids. I know it would be for me anyways. My husband and I together bring in about 4K a month and we live comfortably and still have money for recreational use. Maybe she should try lowering her standard of living....

1419 days ago
45.

Doug    

Katherine and Joe Jackson are nothing but bottom feeders that have sponged from their children for many years, what has either done to make a living without involving their kids?

1419 days ago
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