Jackson Estate Administrators to Collect Ten Percent of Profits

A Los Angeles Superior Court judge has signed off on a deal giving John Branca and John McClain, the administrators of Michael Jackson's estate, a ten-percent cut of the estate's profits. Per the terms of the approved agreement, Branca and McClain will split 10 percent of the profits they net – excluding profits from Jackson’s concert film ‘This is It’ and the late King of Pop’s music catalog interests, says the Associated Press. The judge who okayed the...

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