Tygger
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passy001;4100606 said:1) Tohme's service rate
Fifteen percent is not a high percentage for artist managers. If it was, the Labor Commissioner would have commented on that percentage. It was not illegal for Tohme to receive 15% of future deals and $35K per month. Again, if it was illegal, the Labor Commissioner would have commented on that pay scheme. That percentage (and flat monthly fee) should not be compared to executors’ compensation. The executors are NOT artist managers and they are not licensed to do so; they are controlling Michael’s image and likeness now that Michael has passed.
2) Tohme's illegal practice
again, assuming that the court looks at this matter in a manner that is most favourable to Tohme, it may decide to impose just 50% penalty.
I am glad you realized the Labor Commissioner may very well be attempting to penalize Tohme by halving his commission because he was unlicensed. His action – negotiating the TII deal – was illegal because he did not have a license. The TII deal itself was not illegal. Again, 15% is not an illegal percentage; thus, halving that percentage as a possible solution.
There is no option in my view where Tohme will not be compensated for negotiating the TII deal and it is interesting the Estate has taken the stance that Tohme should not be compensated at all.
3) Tohme's involvement in the documentary
I am having difficulty following your points in this section. If I may simply state: Tohme negotiated the TII deal and the result was the TII documentary. (If there were concerts, Tohme would be eligible for a percentage of those performances.) Again, the TII deal itself was not illegal so he is most likely eligible for a percentage of the TII documentary. The Labor Commissioner has suggested half of the original 15%. I believe that half is a penalty for Tohme being unlicensed.
The executors only allowed AEG to utilize the footage as it contained Michael’s image. The executors have no part in the TII deal. The executors were involved with the new deal between the Estate, Sony, and AEG for the release of the TII documentary. Their participation in the new deal and Tohme’s participation in the original TII deal are separate and remain so.
Because the documentary was so successful AND because Tohme most likely will be eligible for the NL finder’s fee; it would behoove the Estate to settle with a round figure acceptable to both parties. Settlement amounts can be less than middle ground.
Relax, the estate has filed a petition with the supreme court to disregard all the findings of the LC. they have asked for a trial.
That is not the same as stating an unlicensed person receiving a commission is illegal.
The Estate filed a petition because they believe Tohme should receive no compensation whatsoever for his negotiation of the TII deal while the Labor Commissioner has decided Tohme is entitled to compensation. The Commissioner continued, in effect, by penalizing Tohme for not possessing the appropriate license by halving his commission to 7.5%.
Do you believe the court will disregard the Labor Commissioner’s decision?
let's agree to disagree here. me charging you $100 for an apple that costs just $1 is what Tohme is trying to do to MJ and now his estate. this is unacceptable. it's fraud!
That is not what Tohme is doing. Tohme, in your example, did not retrieve an apple for Michael. Tohme negotiated with AEG to plant an apple orchard that only Michael could tend to successfully. The orchard did not bear red delicious apples but, it did bear apples that were very in demand and acceptable to the masses. The Estate would prefer Tohme not receive any compensation for securing that apple orchard by working between AEG and Michael.
myosotis;4100636 said:Does that initial approach by AEG (or their representative) precede Tohme's tenure as MJ's 'manager'? In which case, does that reduce the potential benefit to Tohme of the contract.ie because there was already an initial approach from the other side?
No. Tohme negotiated the TII deal. Without negotiation resulting in an enforceable contract, Michael and AEG were only having discussions.
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