Jackson estate set to make millions, says brother Jermaine
Pop icon Michael Jackson's estate is set to make "close to $100 million" through deals negotiated by his will administrators, according to the singer's brother Jermaine.entertainment Updated: Aug 09, 2009 14:59 IST
Pop icon Michael Jackson's estate is set to make "close to $100 million" through deals negotiated by his will administrators, according to the singer's brother Jermaine.
Los Angeles Superior Court Judge Mitchell Beckloff approved several contracts for memorabilia sales on Friday allowing the production of Jackson-themed products including calendars, school supplies, posters and commemorative coins.
Beckloff also authorised Jackson's 20-year-old memoir 'Moonwalk' to be reprinted for sale in China, Korea and several Eastern European countries.
Jermaine is set to sell the rendition of Charlie Chaplin's song 'Smile', which he performed at Jackson's televised memorial in July, as an iTune, he told US talk show host Larry King during an appearance.
"These are people we have known for many, many years. They are doing an incredible job. They have raised a lot of money, close to $100 million for the estate. They are following out Michael's wishes accordingly," Jermaine said.
Attorney Branca and music executive McClain were named in Jackson's will as executors but they have been granted limited authority as "special administrators".
Beckloff will hold another hearing on Monday to consider several more contracts, including a lucrative movie deal with Columbia Pictures that could net the estate $60 million.