Despite problems with contracts and some complaints from the Jackson matriarch Katherine Jackson about not getting enough money, things are now looking up. She gets a guaranteed $10,000/month for life based on her contract with Vintage Pop Media for which she will participate in the production of “The Katherine Jackson Story” and an autobiography “Never Can Say Goodbye.” She will get 25% of the net profits as well with the guaranteed $10,000/month.
But here’s what’s really interesting … there’s no end date for the $10-grand-a-month, so if you read the contract literally, VPM agrees to pay Katherine at least $10k-a-month for the rest of her life. And get this. The contract also says Katherine has the legal right to “forever bind” Michael’s kids, Prince, Paris and Blanket. According to sources connected familiar with the MJ Estate, Katherine does not have the power to contractually bind Michael’s kids. Copy of Contract HERE
According to MJ Productions there are other lucrative offers for Katherine coming soon. Good on the Mother and Grandmother – she is one who deserves it!