I Wrote Me A Manual.

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Smooth Profiteers

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These people are about a dollar:

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.

The vultures are swarming. Everybody that stands to make a dollar is tripping over themselves for a chance to profit off Michael Jackson’s life and career. So while everyone is running down their list of ways to pinch a penny, the judge raises concerns about MJ’s kids not having legal representation and considers delaying the proceedings. You know, just to make sure his kids have a voice during this money grabbing extravaganza. Makes sense. AEG Live’s response?

“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.

If it don’t make dollars, it don’t make sense.

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Written by PJ

August 10, 2009 at 5:04 pm

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