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Old 22-05-2013, 07:54
i4u
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Join Date: Aug 2006
Posts: 22,347
AEG attorney Jessica Stebbins Bina began questioning Shawn Trell, he explained Michael's estate requested an estimate of the cost of the tour when Jackson died.

The AEG attorney then produced information the families lawyer had not shown to the jury,

Murray’s fee on the document had a footnote. Trell read what that footnote which explained why estate wasn’t asked for Murray’s fee...

“Contract is not signed by Michael Jackson and such signature was condition precedent to any payment obligation.”
Stebbins Bina then showed a Sept. 2009 report of “This Is It” finances to Michael Jackson’s estate. Murray’s fee was not listed in that document.

The court was shown the agreement with Kenny Ortega which was signed in April 2009. The agreement was three pages long plus several pages of emails attached. Trell told the court he reviewed the agreement overnight having earlier testified that there wasn’t a formal contract.

Trell explained 3 scenarios as how concerts can be paid....
1) Artist pays for production up front

2) Promoter gives artist an advance, and then they use the money to put together the show

3) Artist pays someone like AEG Live to produce and promote the show, with costs to come out of their pay.
Trell called the last 2 options an interest free loan. AEG agreed to a 90/10 split of show's proceeds Jackson would have received the 90 percent portion. Jackson also faced a 5% production fee.

Regarding tour insurance policies and an agreement with former manager Tohme Tohme, Trell was shown a contract signed by Michael Jackson in January 2009 to pay Tohme Tohme $100,000 a month.

Trell said the Tohme's agreement was predicated on Jackson getting tour cancellation insurance by a certain date. The deadline passed by which time Tohme was no longer Jackson's manager and wasn't entitled to be paid his monthly fee.
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