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	<title>Music Contracts UK &#187; merchandising contract</title>
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		<title>Judge approves Michael Jackson merchandising deal</title>
		<link>http://musiccontracts.co.uk/2009/08/18/judge-approves-michael-jackson-merchandising-deal/</link>
		<comments>http://musiccontracts.co.uk/2009/08/18/judge-approves-michael-jackson-merchandising-deal/#comments</comments>
		<pubDate>Tue, 18 Aug 2009 04:19:49 +0000</pubDate>
		<dc:creator>music contracts</dc:creator>
				<category><![CDATA[Music Business News]]></category>
		<category><![CDATA[merchandising agreement]]></category>
		<category><![CDATA[merchandising contract]]></category>

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		<description><![CDATA[LOS ANGELES: Official Michael Jackson merchandise will soon arrive on store shelves, but the fate of a proposed tour of the King of Pop&#8217;s memorabilia remains in limbo after the singer&#8217;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 [...]]]></description>
			<content:encoded><![CDATA[<p>LOS ANGELES: Official Michael Jackson merchandise will soon arrive on store shelves, but the fate of a proposed tour of the King of Pop&#8217;s memorabilia remains in limbo after the singer&#8217;s mother expressed renewed concerns on Monday.</p>
<p>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.</p>
<p>But her objections remain a roadblock to a deal that would put some of her son&#8217;s prized items on display later this year.</p>
<p>That tour was intended to coincide with the release of a major movie featuring his final rehearsals for a series of London shows.</p>
<p>Burt Levitch, an attorney for Jackson&#8217;s mother, Katherine, said her objections were over concerns about her son&#8217;s legacy, as well as the split of proceeds from the memorabilia tour with concert promoter AEG Live.</p>
<p>Attorneys for AEG and the current administrators of Jackson&#8217;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&#8217;s estate.</p>
<p>Katherine Jackson and her three grandchildren are set to receive the vast majority of estate of the King of Pop who died on June 25.</p>
<p>An attorney appointed to represent the children&#8217;s interests said Monday she thought the deal should be approved.</p>
<p>Kathy Jorrie, an attorney for AEG, said the memorabilia exhibition faces a tight deadline and the company&#8217;s interest might wane if the tour is not approved soon.</p>
<p>She said the company was not interested in renegotiating the deal.</p>
<p>AEG wants the memorabilia tour to open at the same time as a movie using footage of Jackson&#8217;s final rehearsals.</p>
<p>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.</p>
<p>Columbia Pictures paid $60 million for the rights to the film based on the Jackson footage, and Jackson&#8217;s estate is slated to receive 90 percent of the film&#8217;s profits.</p>
<p>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.</p>
<p>&#8220;She doesn&#8217;t own the property,&#8221; Beckloff said.</p>
<p>&#8220;There&#8217;s no reason to make her a signatory to those agreements.&#8221;</p>
<p>But Beckloff said he was not sure that he could grant the estate&#8217;s administrators approval to enter into the deal without hearing more information.</p>
<p>The judge said he was in a difficult position and was concerned that delays in approving the deal &#8211; which was first proposed nearly two weeks ago &#8211; are hurting the estate.</p>
<p>&#8220;I see the delay as a real problem for the estate,&#8221; Beckloff said. &#8211; AP</p>
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