MJ-UPBEAT.COM

NEWS HOME ART FANS MJ-PHOTOS MJ-FUN MJ-MISC US TRIAL

LINKS

Our Youtube Our Myspace My Articles On MJ

-Scroll Down-

August 5, 2009

More MJ Products Under Consideration

The current administrators of Michael Jackson`s estate have presented several proposed contracts to a probate judge for approval.

Trading cards, T-shirts, calendars, lighters, stuffed animals that play Michael's music and games are among the items being considered. So too are denim products and high-end clothing lines, according to the filings. Other possible products include cell phone screen savers, X-Box themes, video games and digital tattoos for characters in games such as "Second Life."

The proposed deals are between Michael Jackson's estate, concert promoter AEG Live and Bravado International Group Merchandising Services. The contract calls for Bravado, which is Universal Music Group's retailing arm, to receive worldwide merchandise rights. But AEG Live would retain rights to sell certain merchandise related to Michael Jackson's canceled London performances.

The administrators have the authority to combat unauthorized merchandise, and the deals provide Bravado with access to the use of Michael Jackson's name, image, symbols, emblems and other trademarks. Michael Jackson's estate would have input into which products are ultimately manufactured, the proposed agreements state. The agreements with Bravado do not indicate how much the estate would be paid.

A judge has scheduled a hearing for Monday to consider the proposals. 

Attorney Jeryll S. Cohen wrote in a court filing on Friday that the merchandising and other entertainment agreements are expected to generate "advances in the high eight figures." Negotiations for other deals are also in the works, Cohen wrote.

An amendment to an agreement between Michael Jackson's estate and AEG Live allows for a traveling exhibit of the performer's memorabilia. Exact details of the exhibit were redacted, but it calls for the displays to be shown only at museums or venues that both sides agree on.

Source: MJFC / AP / Thanks Sheril