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Michael Jackson News 2014
January
MICHAEL JACKSON PICTURE OF THE WEEK - January 27 - February 2
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February
MICHAEL JACKSON PICTURE OF THE WEEK - February 17-23
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Summary of MJ Estate Third Accounting

Gross earnings as of December 31, 2013 are more than $600 Million. According to second accounting gross earnings as of May 31, 2012 was $475 Million. This means Estate earned $125 Million (gross) between June 2012 and December 2013.

Third accounting period covers January 1, 2012 to December 31, 2012.

- All debt is current
- Hayvenhurst mortgage paid
- Mijac debt is fully paid.
- No property was sold during the third accounting period.

Estate is not in a position to be closed yet, Executors asking for administration of the Estate to be extended for one more year.

Same as second accounting: 12 Inventory value appraisals are done showing property valued at $50,677,002. Estate says additional personal property was discovered in Las Vegas and at Rock n Roll and Grammy Museum which is in total believed to be $6,700,000.

Same as second accounting: Estate's main assets are 50% share in Sony/ ATV, 100% share in Mijac, Michael's name and likeliness, Neverland and trademarks.

Same as second accounting: MJ Business activities consists of 2 Cirque shows, Ubisoft MJ Experience game, multiple album deal with Sony, commercial endorsements and a possible film and documentary about Michael Jackson.

Third accounting adds a Broadway play as possible future business activities.

7 lawsuits are still active, the rest have been resolved favorably for the Estate. Estate has significant legal expenses. (see addition at the end of summary for details)

MJJ Legacy Inc, MJJ Productions LLC, MJJ Kingdom LLC had been dissolved during second accounting period. During third accounting Estate have dissolved nine inactive entities of 99 Spanish Gate Drive LLC, Branson Media Group LLC, History Tours Inc, History Tours II Inc, Invincible Tours Inc, Monte Cristo Employment LLC, Nation Comics, Triumph Multimedia Corp and TTC Touring Corp.

PPB LLC – the reported trust company for the kids – is listed as a new entity on the third accounting.

Schedule A (beginning) and Schedule I (end) shows the list of tangible property and business interest of Michael and now MJ Estate. Similar to second accounting these properties include: Hayvenhurst (valued at $4.1 M) and a condo (valued at $315 K), Michael (and now his Estate) has 87.5% undivided membership in Neverland.

Schedule D shows net income from trade or business during third accounting period (Jan 2012- Dec 2012) at $54,015,433. (Gross income is $77,642,855)

Payments to Katherine and MJ's kids are as follows (Jan 2012 - Dec 2012)

Kids allowance $3,064,009
Katherine allowance $1,386,548
Calabasas residence expenses $415,014
Other expenses $54,281
Insurance (health and property) $89,356
House employees $539,449
KJ Guardianship lawyer fees $ 102,588
Utilities costs $35,842
Security $564,302
Repair & Maintenance $154,325

Total $6,409,814

There haven't been any new loans given to Katherine Jackson during the third accounting period. Total loans from the first and second accounting period were $6,560,000. Katherine Jackson paid $ 6,638 interest and $193,362 principal payment on these loans from a consulting fee she was paid by the Estate (see below for details).

Note: Estate states from time to time they adjust (meaning increase) these allowances. The most recent 12 month (Jan 2012 - Dec 2012) allowance numbers are higher compared to the 14 month (Nov 2010-Dec 2011) second accounting period in which kids allowance was $2,139,194 and Katherine allowance was $470,814.

Estate paid $13,155,178 in taxes and licenses.

Estate paid $170,609 for appraisals. Estate has an archiving project ongoing that they paid $146,293. They paid $806,873 for storage of Michael's property. Estate employees were paid $126,654. Estate paid $480,500 for public relations.

Estate paid several consulting fees. They paid $2,300,000 to Katherine Jackson (paid to Perry Sanders and originally $2.5 Million but reduced by $200,000 to pay back loan and interest as mentioned above). $200,000 to Linda Dileo and $6,033 per month to Jackie Jackson.

Grauman's Chinese Theater event cost MJ Estate $436,223.

Estate has paid $22,150,000 on loan principal payments.

Estate has earned $4,345,971 from royalties.

Replacement "Broken Heart Stone" is listed as a tangible property and valued at $50,000.

Total Co-executive & creative director compensation is $4,454,011. In the third accounting the companies' tables doesn't show any additional co-executive compensation.

Tidbits:

- Allowances for the kids include expenses such as tuition, vacations, parties, orthodontics and payment on a gas card as well as the regular allowance. Education related expenses are around $148,310.

- Improvements to Hayvenhurst include: entertainment room renovations, wall repair, pipe leak repair, theater renderings, reupholster theater seats, projection booth, and snack bar for lobby.

- Michael Jackson Estate's tribute ad to Whitney Houston cost them $15,782

Edited to add

- At the end of summary of account it is stated that gross receipts between January 1 2013 and November 30 2013 is $60,815,512.

- There's no loan /mortgage payment for Lindley condo in the third accounting. Given that second accounting showed mortgage payments in the amount of $387,785 for Lindley, it is safe to assume that the Lindley condo mortgage debt is also paid in full.

- Estate has paid $74,372 for Domain Search and Renewal fees.

- Total legal fees are hard to calculate as the payments for them happen on account and before the Estate accounting gets filed. For 2012 legal bills show $95,392 for Litigation related expenses and $3,901,065 for legal expenses. For January 2013 to October 2013 the legal expenses are $4,992,839 plus legal fees at United Kingdom, Germany and Japan (which I did not convert to US dollars and aren't added to the total amount).

- Estate paid a law firm for services in UK in "Thriller Live" matter

Source: mjjcommunity.com

MICHAEL JACKSON ESTATE ENTERS PARTNERSHIP WITH SONY MOBILE

Sony announced a partnership with the Michael Jackson estate, which will see the music of Jackson being used as part of the promotional material for the Xperia Z2.

"The Estate of Michael Jackson and Epic Records are very excited about the partnership with Sony Mobile announced this morning at the Mobile World Congress in Barcelona. We are thrilled with the use of the new solo Michael Jackson recording, "Slave To The Rhythm," which is featured in the 90 second online spot for the new Xperia Z2 phone. For those of you not lucky enough to be in the room for the premiere of the spot, look for it online!"

March
MICHAEL JACKSON PICTURE OF THE WEEK - March 24-30
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Michael's Photo In "BLOWUP" Exhibition

A collection of black-and-white images of iconic musicians by Timothy White and Stephanie Pfriender Stylander debuted at the West Los Angeles club on Thursday.

Some of the music industry's most iconic performers, including Michael Jackson (photo from 1994), have been captured in a new photography collection titled "BLOWUP".

"My Michael Jackson photograph is such a raw, unique of image for him. It is kind of a skull and crossbones. All I got from him during the shoot was his vulnerability, and I just wanted to give him a hug and tell him it was all OK," revealed White.

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Source: www.mjworld.net

May
XSCAPE - NEW ALBUM - MAY 13

On May 13, Epic Records, in conjunction with the Estate of Michael Jackson, will release XSCAPE, an album of new music by the internationally beloved music icon and King of Pop, Michael Jackson. The project features eight new tracks, which the world will be hearing for the very first time on the new album. For the ultimate fan experience, XSCAPE will also be available in a Deluxe Edition, which includes all of the sourced Michael Jackson recordings in their original form. The XSCAPE standard and Deluxe Editions are available for pre-order beginning April 1 on iTunes.com/MichaelJackson and elsewhere, and available at all retailers worldwide on May 13.

Track listing
1."Xscape"
2."Slave to the Rhythm"
3."Blue Gangsta"
4."A Place With No Name"
5."Love Never Felt So Good"
6."Do You Know Where Your Children Are"
7."She Was Lovin' Me"
8."Chicago"
9."May Be We Can Do It" (Bonus Track)
10."Stop The War" (Bonus Track)

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BILBOARD AWARDS - MICHAEL JACKSON - Slave to the rythm - May 2014

XSCAPE - Michael Jackson - MAY 13

The album is out and even if reactions are divergent, this is our opinion after buying the Deluxe CD and listening the songs: the new take on the tracks is good, but the original versions are brilliant! So as always, it is a real pleasure to hear Michael's voice and admire his genius!

June
June 25 2014 (Parcul Herastrau & Forest Lawn & Hollywood)

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July
From The Estate: Colony Capital To Sell Neverland Ranch

You will soon be reading news reports stating that Colony Capital has decided to sell Neverland. As the property manager, they have the right to do this. The Estate has issued the following statement in response to a media request for comment:

We are saddened at the prospect of the sale of Neverland which, under the agreement negotiated during Michael's lifetime, Colony has the right to sell. The Estate will maintain Michael's family home in Encino, including its iconic recording studio there. We continue to build upon Michael's legacy as an artistic genius and humanitarian through his music and new projects such as the Michael Jackson ONE show in Las Vegas. We hope and trust that any new owners of Neverland will respect the historical importance and special nature of this wonderful property. Michael's memory lives on in the hearts of his fans worldwide.

It is also important to the Estate that Michael's fans understand that although the Estate has no right to stop or obstruct the sale, The Estate did explore a number of potential options for Neverland with Colony but zoning, financial and land use restrictions limited the alternatives and ultimately Colony made the decision to sell.

MJOnline
The Official Online Team of The Michael Jackson Estate™

*Estate's comment "zoning, financial and land use restrictions limited the alternatives" tells that Neverland isn't suitable for commercial use whether it is a museum, graceland kind attraction or arts school (as rumored previously). So with no such alternative and revenue source possible, Neverland becomes a cost item and not surprisingly Colony Capital probably doesn't want a loss on their investment hence the decision for sale.

August
A Place With No Name - the second single from Xscape - August 14

The premiere was announced exclusively on Jackson's Twitter account and marks the first time a music video has premiered on the social networking site.

The video, directed by Samuel Bayer, is for Jackson's revision of 1972's "A Horse With No Name," by America, "A Place With No Name."

The track is originally recorded in 1998.

MICHAEL JACKSON PICTURE OF THE WEEK - August 18-24

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Happy birthday Michael! (Bucharest, Romania - August 29 2014)

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BEST SELLING ALBUMS OF 2014 GLOBALLY

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1. "Frozen" OST - 5,625,000
2. "Ghost Stories" Coldplay - 2,441,000
3. "Beyoncé" Beyoncé - 2,051,000
4. "GIRL" Pharrell Williams - 1,642,000
5. "Pure Heroine" Lorde - 1,617,000
6. "Midnight Memories" One Direction - 1,544,000
7. "X" Ed Sheeran - 1,405,000
8. "Prism" Katy Perry - 1,404,000
9. "Xscape" Michael Jackson - 1,344,000
10. "Night Visions" Imagine Dragons - 1,282,000

September
MICHAEL JACKSON PICTURE OF THE WEEK - September 8-14

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Michael Jackson Memorabilia Sale

AuctionMyStuff is now open for bidding and features a large selection of Michael Jackson memorabilia.

Among the items sold are a glove worn by Michael Jackson on his 1997 Australian tour (Estimate $3000 – $5000), a Michael Jackson 'Black Or White' singing doll in its original autographed presentation box (Estimate $300 – $500), a signed black and white photograph depicting Michael Jackson with Quincy Jones accepting an award at the 1984 Grammys (Estimate $300 – $500), and a wide selection of autographed Michael Jackson and Jackson 5 LP records.

The organisers promised that a portion of the proceeds from the auction will be donated to the Australian HUSH Music Foundation, a non-profit organisation which produces albums of music used in hospitals to reduce stress and anxiety in hospitalised children.

Catalogue: https://www.auctionmystuff.com/pop-memorabilia-sale/

October
MICHAEL JACKSON PICTURE OF THE WEEK - October 13-19

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November
Other news - Nov 2014

1. Michael Jackson Prosecutor Tom Sneddon Dies of Cancer at Age 73.

2. BBC radio 2 (UK) had the world premiere of a new Michael Jackson and Queen song.

3. Brooke Shields Opens Up About Famous Loves in New Book

People has a first look at the 49-year-old actress's memoir which details her life in the spotlight, starting at 11 months old. Naturally, there are more than a few anecdotes on her famous crushes and relationships with stars like Michael Jackson, John F. Kennedy Jr., Liam Neeson, and Dean Cain… just to name a few.

Shields's first major "not at all romantic" relationship was with Jackson. "We loved each other," she says, but only platonically. "We just felt safe with each other."

They met when Brooke was 13 and he was 19. "I didn't want anything from him. We watched movies and ate candy and laughed at the craziness around us… he was like a little kid who asked questions about dating," she recalls. "Nobody was nurturing him through that stuff. He was terrified."

Elizabeth Taylor at Her Final Wedding - Neverland Ranch

It was the eighth – and final – trip she would ever make down the aisle.

And now, for the first time, the Elizabeth Taylor AIDS Foundation has released photos of Elizabeth Taylor and Larry Fortensky's lavish 1991 wedding at Michael Jackson's Neverland Ranch exclusively to PEOPLE.

This inside look commemorates PEOPLE's Oct. 21, 1991, cover story on the biggest and most media-saturated wedding in Hollywood history. (Remember, this was in the days before weddings like George and Amal Clooney's and Brad Pitt and Angelina Jolie's.)

In the photos, the blushing, bronzed bride is dressed in a pale yellow $25,000 Valentino gown (a gift from the designer). She is seen with her groom – her seventh (she married Richard Burton twice) – and with her close friend, Jackson, who hosted the wedding for 160 high profile guests on his 2,700-acre Santa Ynez Valley, California, estate.

As about a dozen helicopters hovered overhead, a brazen paparazzo even parachuted into the ceremony, landing 20 feet from the shocked bride and groom. (Despite the fact that the wedding was guarded by a former Israeli army officer and a 100-man security force.)

Taylor, then 59, is seen in the photographs sharing a laugh with an upbeat Jackson, and standing with her new hubby, then 39, under the gardenia-draped gazebo where they became husband and wife.

At their much-anticipated wedding, the two couldn?t have been happier. As famous faces including Liza Minnelli, Eddie Murphy, Nancy Reagan (Taylor moved the wedding date to accommodate President Ronald Reagan, but he was still unable to attend), then-Twentieth Century Fox head Barry Diller and his date, designer Diane Von Furstenberg, Arsenio Hall, George Hamilton, Merv Griffin, Quincy Jones and Macaulay Culkin looked on, Taylor walked down the aisle, escorted by Jackson and her eldest son, Michael Wilding Jr., then 38

Fortensky's best man was Taylor's hairdresser, José Eber (shown in the picture). Taylor's longtime friend Norma Heyman was matron of honor.

Hollywood self-help guru Marianne Williamson presided over the nondenominational ceremony (Taylor was Jewish; Fortensky is Protestant), with the couple exchanging vows and rings. Wearing her pavé diamond-encrusted wedding ring for the first time, Taylor placed a loving hand on her new husband's cheek after their first kiss as man and wife.

"You could just look in their eyes and tell Liz was very happy," Von Furstenberg said at the time.
Under the massive tent where the glamorous reception was held, the bride and groom toasted each other and their host – who reportedly paid for much of the estimated $1.5 million wedding – with mineral water.

"You've been so generous, it makes me want to cry," Taylor told Jackson. "I'll never forget it as long as I live."

Jackson and his date, Brooke, cut into the couple's first dance as guests sipped Dom Perignon and chardonnay from a nearby winery and dined on platters of rolled salmon and five tiers of chocolate mousse cake.

At about 10:30 p.m., the newlyweds said their goodnights and retired to Jackson's ranch house, where they spent several nights before a two-day tour to promote Taylor's White Diamonds perfume, opting to honeymoon later. Syndicated newspaper columnist Liz Smith predicted that Taylor's marriage to Fortensky "will be fun for her. Under the high gloss of her facade, she is really an ordinary woman who has led an extraordinary life."

That life became even more extraordinary when Taylor began working tirelessly to battle HIV/AIDS, which became her legacy. Taylor used proceeds from her exclusive wedding pictures to start the ETAF in 1991, raising funds and awareness to fight the spread of HIV/AIDS and providing assistance for those living with the virus.

"My grandmother's deep love and concern for people led her to create The Elizabeth Taylor AIDS Foundation, which focuses on the immediate needs of HIV+ people, by supporting access to medicine and health care, healthy food, needle exchanges, and safe places to live and be cared for," Taylor's granddaughter, Laela Wilding, tells PEOPLE. "She is a champion for us all, and her determination and love is a shining inspiration that we should all support those in need, support each other, despite any differences we have in gender, race, class, or HIV status."

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December
Sales & Nominations

MJ the best-selling R&B artist of the 2000s with 23.8 million albums sold.

1. Michael Jackson (23.8 million albums)

The King of Pop. who died in June 2009, has had two #1 albums on The Billboard 200 since 2000: Invincible and the soundtrack from the u released Michael Jackson’s This is It. He would have had a third with the hits compilation Number Ones, which was the best-selling album in the U.S. for six weeks following his death, but catalog albums weren’t allowed on the big chart at the time.

BEST SELLING ALBUMS OF 2014

1. "Frozen" OST - 6,456,000
2. "1989" Taylor Swift - 3,014,000
3. "Ghost Stories" Coldplay - 2,826,000
4. "X" Ed Sheeran - 2,502,000
5. "Beyoncé" Beyoncé - 2,141,000
6. "In The Lonely Hour" Sam Smith - 2,045,000
7. "GIRL" Pharrell Williams - 1,771,000
8. "Pure Heroine" Lorde - 1,721,000
9. "Midnight Memories" One Direction - 1,665,000
10. "Prism" Katy Perry - 1,518,000

11. "Xscape" Michael Jackson - 1,497,000
12. "Night Visions" Imagine Dragons - 1,404,000
13. "The Marshall Matters LP 2" Eminem - 1,320,000
14. "Racine Carrée" Stromae - 1,280,000
15. "Ultraviolence" Lana Del Rey - 1,157,000
16. "Unorthodox Jukebox" Bruno Mars - 1,122,000
17. "5 Seconds of Summer" 5 Seconds of Summer - 1,107,000
18. "True" Avicii - 1,075,000
19. "AM" Arctic Monkeys - 1,061,000
20. "Tsugi No Ashiato" AKB 48 - 1,050,000

Soul Train nominations

Hi MJFam:

We are thrilled to share that Xscape has been nominated for three Soul Train Awards: Album of the Year for Xscape, Song of the Year for "Love Never Felt So Good," and Best Collaboration for "Love Never Felt So Good." These nominations further highlight the enduring appeal of Michael's music and the undiminishing appreciation of his art. For US fans, you can watch the Soul Train Awards on November 30 on CENTRIC and BET.

Cheers,

MJOnline
The Official Online Team of The Michael Jackson Estate™

MICHAEL JACKSON PICTURE OF THE WEEK - December 8-14

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