Showing posts with label Michael Jackson. Show all posts
Showing posts with label Michael Jackson. Show all posts

Monday, August 17, 2009

Judge approves Michael Jackson merchandising deal


LOS ANGELES – Official Michael Jackson merchandise will soon arrive on store shelves, but the fate of a proposed tour of the King of Pop's memorabilia remains in limbo after the singer's mother expressed renewed concerns on Monday.

Attorneys for Katherine Jackson withdrew their objections to an agreement with merchandiser Bravado to bring everything from Jackson trading cards, apparel and cell phone themes to consumers.

But her objections remain a roadblock to a deal that would put some of her son's prized items on display later this year. That tour was intended to coincide with the release of a major movie featuring his final rehearsals for a series of London shows.

Burt Levitch, an attorney for Jackson's mother, Katherine, said her objections were over concerns about her son's legacy, as well as the split of proceeds from the memorabilia tour with concert promoter AEG Live.

Attorneys for AEG and the current administrators of Jackson's estate wanted the memorabilia tour approved on Monday, but Superior Court Judge Mitchell Beckloff instead scheduled an evidentiary hearing to determine if the deal represented the best arrangement for Jackson's estate.

Katherine Jackson and her three grandchildren are set to receive the vast majority of the King of Pop's estate. An attorney appointed to represent the children's interests said Monday she thought the deal should be approved.

Kathy Jorrie, an attorney for AEG, said the memorabilia exhibition faces a tight deadline and the company's interest might wane if the tour isn't approved soon. She said the company was not interested in renegotiating the deal.

AEG wants the memorabilia tour to open at the same time as a movie using footage of Jackson's final rehearsals. The deal is expected to generate up to $6 million for the estate, said Howard Weitzman, an attorney for the current administrators of the estate.

Columbia Pictures paid $60 million for the rights to the film based on the Jackson footage, and Jackson's estate is slated to receive 90 percent of the film's profits.

One of the concessions Katherine Jackson is apparently seeking is the authority to sign off on the deal. Beckloff said he was inclined to reject that argument.

"She doesn't own the property," Beckloff said. "There's no reason to make her a signatory to those agreements."

But Beckloff said he wasn't sure that he could grant the estate's administrators approval to enter into the deal without hearing more information. The judge said he was in a difficult position and was concerned that delays in approving the deal — which was first proposed nearly two weeks ago — are hurting the estate.

"I see the delay as a real problem for the estate," Beckloff said.

Wednesday, August 12, 2009

Jackson tribute in Vienna set for Sept. 26


VIENNA – A global tribute to Michael Jackson on the grounds of a 17th century palace in Vienna will

be held Sept. 26, and Jackson's brother Jermaine will announce the concert lineup soon, organizers said Wednesday.

World Awards Media GmbH, the event promoters, said Jermaine Jackson would unveil details at a Vienna news conference later this month.

The promoters said in a statement they were working "briskly" to line up major entertainers and a network to broadcast the event live. They said Vienna agreed to be a partner "in this singularly worldwide event."

On Tuesday, World Media Awards chief Georg Kindel told The Associated Press the tribute was expected to run three hours and feature about 10 top artists performing 15 to 20 Jackson hits. They would perform on a crown-shaped stage to be built in front of Vienna's Schoenbrunn Palace.

Kindel said Jackson family members and unidentified Hollywood stars also would honor Jackson as images and video clips were screened.

Last week, Jermaine Jackson said Vienna was chosen as the venue because his brother "loved castles."

Many fans had expected the tribute to be staged in London, where the pop star had been booked to begin performing a marathon of concerts shortly after his June 25 death in Los Angeles.

Renate Brauner, Vienna's deputy mayor, said the city is thrilled to play host to "this high-carat, internationally sensational event."

Austrian media have reported that Madonna, U2, Lionel Richie and Whitney Houston might be among the performers. Kindel declined to confirm those reports and stressed that Jermaine Jackson is still assembling the lineup.

Tickets are expected to go on sale Aug. 20.

Organizers envision standing room for about 85,000 people on the sculpted grounds of Schoenbrunn, a former imperial palace, and grandstands to accommodate 5,000 VIP guests.