MJ Estate - need help and they want 10%!!!!
Do not know if already posted somewhere:
Posted Jan 22nd 2010 3:11PM by TMZ Staff
Michael Jackson's estate needs young, talented, self-motivating people who didn't pay attention to the news in 2004-2005.
Lawyers for Jackson's estate have just filed legal docs asking the probate judge for permission to hire people to run Michael Jackson's business.
Specifically, the estate needs co-executive and creative directors.
According to the docs, "With the proper executive and creative management and leadership, the opportunity exists for the MJJ Business to become one of the most profitable companies in the music industry."
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Wow!!!! <!-- s
--><!-- s --> Is it true? Well, the news comes from TMZ... <!-- s:roll: -->:roll:<!-- s:roll: -->
And....
Posted Jan 22nd 2010 4:19PM by TMZ Staff
Michael Jackson's executors want 10% of the profits from most things Michael Jackson.
In legal docs filed today, lawyers for John Branca and John McClain asked the court to green light compensation to the tune of 10% of all profits, excluding profits from "This Is It" and profits from the Sony/ATV and Mijac catalog.
Howard Weitzman, Branca and McClain's lawyer, notes that the estates of other big musicians pay out 15 to 25 percent of profits to people who run their businesses after death.
<!-- m -->http://www.tmz.com/2010/01/22/michael-j ... e-profits/<!-- m -->
I do not know if this is good or bad. <!-- s:? -->:?<!-- s:? -->
Posted Jan 22nd 2010 3:11PM by TMZ Staff
Michael Jackson's estate needs young, talented, self-motivating people who didn't pay attention to the news in 2004-2005.
Lawyers for Jackson's estate have just filed legal docs asking the probate judge for permission to hire people to run Michael Jackson's business.
Specifically, the estate needs co-executive and creative directors.
According to the docs, "With the proper executive and creative management and leadership, the opportunity exists for the MJJ Business to become one of the most profitable companies in the music industry."
<!-- m -->http://www.tmz.com/2010/01/22/michael-j ... ate-court/<!-- m -->
Wow!!!! <!-- s
--><!-- s --> Is it true? Well, the news comes from TMZ... <!-- s:roll: -->:roll:<!-- s:roll: -->And....
Posted Jan 22nd 2010 4:19PM by TMZ Staff
Michael Jackson's executors want 10% of the profits from most things Michael Jackson.
In legal docs filed today, lawyers for John Branca and John McClain asked the court to green light compensation to the tune of 10% of all profits, excluding profits from "This Is It" and profits from the Sony/ATV and Mijac catalog.
Howard Weitzman, Branca and McClain's lawyer, notes that the estates of other big musicians pay out 15 to 25 percent of profits to people who run their businesses after death.
<!-- m -->http://www.tmz.com/2010/01/22/michael-j ... e-profits/<!-- m -->
I do not know if this is good or bad. <!-- s:? -->:?<!-- s:? -->
Comments
So how much do they get right now and what is usual for an entertainer that is alive? Anybody here who knows?