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Tuesday, 11 August 2009 - LA court okays Michael Jackson movie deal | Entertainment |
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    Read more with google mobile : LA court okays Michael Jackson movie deal | Entertainment |

      My Profile    Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Entertainment > Article Home Business & Finance News U.S. Politics International Technology Entertainment Film Music People Television Arts Industry Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters LA court okays Michael Jackson movie deal Mon Aug 10, 2009 4:06pm EDT   Email | Print | Share | Reprints | Single Page [-] Text [+] By Alex Dobuzinskis LOS ANGELES (Reuters) - A judge on Monday said he had approved several business deals involving Michael Jackson's estate, including a movie from performance video shot in the King of Pop's final days alive. Lawyers representing the executors of Jackson's will and attorneys for his mother, who is one of the main beneficiaries of his estate, were in a Los Angeles court to review several agreements made since Jackson died suddenly on June 25. Los Angeles Superior Court Judge Mitchell Beckloff said he okayed a $60 million deal allowing Columbia Pictures to make a movie using video of Jackson rehearsing for his "This Is It" concerts in London, which would have begun in July. Similarly, Judge Beckloff said he had approved the re-issuance of the singer's autobiography, "Moonwalk," currently planned for October. Lawyers spent much of Monday morning wrangling over merchandising deals still being planned and a traveling exhibition of Jackson memorabilia that concert promoter AEG Live, which had backed the London concerts, wants to mount. Judge Beckloff wondered if he should delay proceedings and appoint lawyers for Jackson's three minor children, who along with Katherine Jackson are the estate's key beneficiaries. But an attorney for AEG Live, which spent as much as $30 million preparing for the comeback concerts, argued the company needed to move quickly to take advantage of the resurgence in the singer's popularity to help recoup its investment. Several of the "Thriller" singer's albums, for instance, have returned to the top of the music charts in recent weeks, whereas before his death his CD sales had languished. "The longer we wait, the more time passes. Frankly the less interest there will be on the part of the public to come see the exhibit," said Kathy Jorrie, an attorney for AEG Live. The "Thriller" singer was said to be as much as $500 million in debt when he died, but the value of his estate was reported to be as high as $1 billion given his part ownership in a music catalog and his control of his own songs. Separately, Jorrie told the judge that Katherine Jackson's attorneys have demanded AEG Live give the estate its rehearsal video, something that AEG is not willing to do. Also on Monday, media outlets reported that Jackson's body has been buried at the Forest Lawn cemetery in Los Angeles, but that speculation could not be immediately confirmed. For weeks, speculation about where his body would be laid to rest has been high as the family put off a private burial. A Forest Lawn representative declined to comment and a spokesman for the family was not immediately available. A lawyer for Jackson's family told Reuters outside court on Monday that he had no information about a burial. (Editing by Phil Stewart) © Thomson Reuters 2009 All rights reserved   Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn     Next Article: "G.I. Joe" movie leads worldwide invasion     Also on Reuters Electric car future may power a charging industry Wireless pacemaker gives patient new freedom Business Books: Bernard Madoff, scoundrel More Entertainment News "G.I. Joe" movie leads worldwide invasion   |  Video "Jon & Kate" star says show didn't cause divorce Beatles copyrights in McCartney's (distant) sights Business Books: Bernard Madoff, scoundrel U.S. regulators open probe into music royalties More Entertainment News... Editor's Choice Slideshow  A selection of our best photos from the past 24 hours.   Slideshow  Most Popular on Reuters Articles Video Michael Douglas' son could get life in prison U.S. recession seen ending in third quarter  |  Video Electric car future may power a charging industry Tropical storm possible in Atlantic: NHC Dow Theory shows buy signal but pullback due China, others shove U.S. in scramble for Africa U.S. banks to make $38 billion from overdraft fees: report Celebrities, recession fuel interest in etiquette U.S. commander says Taliban have Afghan momentum Insurers in crosshairs of health reformers Most Popular Articles RSS Feed Video  "Dead baby" awakes before funeral Recovery search continues in NY. Mallorca bomb blast Chavez slams Colombia-US troop plan Mauritania attack may impact tourism Typhoon batters China, Taiwan Bombs rock Baghdad and Iraq's north Deadly apartment fire in France Japan remembers Nagasaki dead Safety fears over Badminton England Most Popular Videos RSS Feed Reuters.com:  Help and Contact Us  |  Advertise With Us  |  Mobile  |  Newsletters  |  RSS  |  Labs  |  Archive  |  Site Index  |  Video Index Thomson Reuters Corporate:  Copyright  |  Disclaimer  |  Privacy  |  Professional Products  |  Professional Products Support  |  About Thomson Reuters  |  Careers   International Editions: Africa  |  Arabic  |  Argentina  |  Brazil  |  Canada  |  China  |  France  |  Germany  |  India  |  Italy  |  Japan  |  Latin America  |  Mexico  |  Russia  |  Spain  |  United Kingdom  |  United States   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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