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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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91.

mj fan forever    

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


She has NO power but meanwhile she exploits them and does ILLEGAL agreements!!!!! Just what Michael did NOT want for his loved children!!!! SHAME!!!!!

1378 days ago
92.

Kent    

Advice for Mrs.Katherine Jackson:

1. Hire a respected PR firm that can advise you.

2. Although you may have the right to make money on the side, it doesn't mean it's the proper thing to do.

3. Keep MJ's kids out of any deal you do.

4. Keep a low profile.

5. Cooperate with the Michael Jackson Estate. It will benefit everyone in the long run(especially MJ's Kids).

6. Keep Joe Jackson away from those kids.

7. Tell Jermaine and Randy to raise there own children.

8. Handle your disagreements with the Micahel Jackson Estate privately.

9. Find a way to end the contract with Howard Mann.

10. Don't do anymore TV interviews hawking your products.


I know you're probably a loving Grandma and you have several Grandchildren but you are all MJ's children have. You other grandchildren have parents, so focus on them. The next time some deal comes your way ask yourself this, " How does this look and is it good for MJ's children?". Although MJ is your son that doesn't give you the right to take advatage of every offer that comes your way.

I'm so glad the court didn't give you and your family control over Mj's estate. You and your family can't handle your finances very well(Including MJ himself). So Mr.Branca & Mr.Mcclain are doing your family a favor(appreciate it).

1378 days ago
94.

dd    

Some of you should be ashamed MICHAEL made it perfectly CLEAR what he wanted....LEAVE KATHERINE ALONE, all of you so called fans only care about where Michaels money is going even though it is obvious that his children are happy and well taken care of. I'm sure Michael didn't want his family eating out of trash cans while the record companies and lawyers got richer. Back Off I'm sure Katherine is just trying to hold out until Prince is old enough to start handling things...LEAVE HER ALONE! And only on TMZ could a wife and mother of 9, deeply religious woman could be called a whore..HOW PATHETIC!

1378 days ago
95.

Tara    

OFFICIAL MICHAEL JACKSON SINGLE
HOLD MY HAND
TO BE RELEASED ON NOVEMBER 15th

MICHAEL Album Track Listing Unveiled


New York, NY - The first official single from the forthcoming Michael Jackson album MICHAEL will be released globally on Monday, November 15th at 12:01am EST. The song entitled “Hold My Hand” will be unveiled on www.michaeljackson.com and for sale digitally thereafter.

“Hold My Hand”, a duet with Akon, is a song they recorded in 2007. A handwritten note from Michael belonging to his Estate indicated his desire that “Hold My Hand” be the first single on his next project. However, in its unfinished state, the song leaked out in 2008. Akon recently completed the new and final production of “Hold My Hand.”

Akon comments, “The world was not ready to hear ‘Hold My Hand’ when it leaked a couple years ago. We were devastated about it. But its time has definitely come; now in its final state, it has become an incredible, beautiful, anthemic song. I’m so proud to have had the chance to work with Michael, one of my all time idols.”

On December 14th, Epic Records in conjunction with the Estate of Michael Jackson, will release the much-anticipated new album MICHAEL. The album contains ten tracks, produced by an esteemed group of producers along with Michael Jackson. While primarily focused on songs that Michael worked on recently, there are also earlier compelling tracks.

MICHAEL is the first release in nine years of new material by one of music’s most beloved icons whose artistry continues to touch new generations of fans. The album marks another release under the new agreement between the Estate of Michael Jackson and Sony Music announced in March that continues the label’s 35-year relationship with Michael and his music. During that time, Michael sold hundreds of millions of records, had 13 #1 singles and released the pop culture phenomenon “Thriller,” which remains music’s all-time bestselling album with more than 100 million copies sold worldwide.

MICHAEL ALBUM TRACKLISTING:

1. Hold My Hand (Duet with Akon)
2. Hollywood Tonight
3. Keep Your Head Up
4. (I Like) The Way You Love Me
5. Monster (Featuring 50 Cent)
6. Best Of Joy
7. Breaking News
8. (I Can’t Make It) Another Day (Featuring Lenny Kravitz)
9. Behind The Mask
10. Much Too Soon

www.michaeljackson.com

1378 days ago
96.

raven    

i think we should not judge her or her family. we do not know her situation and she does have other kids that were living in that house long before michael three kids stated living there. we don't know if she is paying for their schooling or what and again this is long before michael three stated living there. michael did leave her 40% of his estate and she has the right to do with it as she please, which mean still caring for the other minors that are there WITH THE SHARE OF HER MONEY. michael kids are taken care of with their own money manage by the estate holder. i wish people stop treating michael's kids like they are the golden children they are no different than any other child out there.

1378 days ago
97.

mj fan forever    

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

Posted at 5:02 AM on Nov 12, 2010 by Mina


It's evident that for her GREED it is NOT enough and tries to take money that are of the children also through their exploiting!! SHAME ON YOU KATHERINE!!!

1378 days ago
98.

SuzyCreamCheese    

I see lots of new pimp suits in Joe Jackson's future.
Lots of gold chains and bling too.

1378 days ago
99.

wow    

The estate should be giving her more because hooking up with Mann is a bad idea.

1378 days ago
100.

FLO    

i cant wait for the kids to emancipate themselves from all of these vultures.

1378 days ago
101.

karlew    

She actually signed something forever binding her grandchildren? Legal or not, only a silly. money hungry. callous bitch would even entertain signing such a thing. These Jackson's love to play free and easy with other peoples lives.

1378 days ago
102.

Nessie    

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.

Posted at 5:43 AM on Nov 12, 2010 by angles

The Will has not yet been through Probate, bills are still being paid, Deals have been made, but the Money has not yet been Earned (not 1 CD has been sold from the deal made with SONY folks), KJ doesn't have to pay a Penny to run the house because the Estate own the Encino compound and Pays ALL of the expenses!

Think about it:
Michael set up an independent Trust, to be managed by Professionals so that the financial future of his 3 children would be safeguarded. He Did Not want anyone in his family to have control, because he saw what they did with the money they earned - squandered it!

If I understood the will correctly, His mother gets 40% of the Proceeds, not the Principal, and when she dies, her income reverts back to the Estate! No One can lay claim to her share of the Income of the Estate.

1378 days ago
103.

tink981    

Sorry, but MJ will never reach that status that Elvis Presley did. To make a statement like that is just silly and ridiculous. The only comparison that comes to mind is their addictions to prescription medication and need for privacy. But on a scale of celebrity status, MJ will never reach Elvis's level. The only reason it isn't talked about as much is because Elvis died over 30 years ago.

1378 days ago
104.

Nessie    

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


She has NO power but meanwhile she exploits them and does ILLEGAL agreements!!!!! Just what Michael did NOT want for his loved children!!!! SHAME!!!!!

Posted at 9:18 AM on Nov 12, 2010 by mj fan forever

That is exactly the reason the court appointed a separate lawyer to represent the MJ3 - so that their best interests would be protected.

I'm surprised the Estate hasn't made itself heard about all the outside deals KJ is making!

BTW Did you know that KJ is in debt for 8 million? It's a matter of public record. Any money she earns must go to pay off that debt. Court Judgement.

1378 days ago
105.

mat    

She should receive a reasonable allowance to support herself and Michael's children ONLY. The rest of them were not listed in the will for a reason. Her under the table tactics are disrespectful to Michael.

1378 days ago
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