Administrators Plans For The Estate
A court filing from last week by Jeryll S. Cohen, a lawyer for Michael’s estate administrators John Branca and John McClain, said they anticipate that various products could generate tens of millions of dollars for the estate.
The papers, dated July 6th, 2009, detail multiple deals in a more than five hundred page court filing that was made public on Tuesday.
Among the deals is the feature length film from the rehearsal footage. 90% of the profits from this film would go to the estate, and the remainder to AEG Live. There are also plans for a soundtrack, a director’s cut DVD, and two special editions of the film after its run in cinemas with a stipulation that John Branca and John McClain can produce at least one tribute concert as long as the broadcast doesn’t interfere with the film rollout.
Merchandising giant Bravado has a huge deal to produce a wide variety of MJ related memorabilia, from photo books and trading cards to lithographs, buttons, live recordings on USB drives, online games and denim and high-end clothing. There are also proposals for digital clothing, tattoos and accessories for VR worlds like Second Life and Stardoll, embossed wine decanters, theme packs for the Xbox and wallpaper and screensavers for cell phones.
Among the other plans is a proposal for a traveling ‘MJ Exhibition’ of memorabilia from the late singer to be shown at museums, which will also be accompanied by exhibition-related merchandise.
All the plans are subject to the approval of a Los Angeles probate judge who, according to the Times, will review the documents.
The next hearing following Katherine’s appointment as Michael’s children’s guardian will take place on August 10th.
Source: The Times & MJWN