Michael Jackson Invests $20 Million In Film Company

Michael Jackson has decided to invest between $15-20 million in a Hollywood production company, his Neverland Entertainment enterprise said. Michael said in a statement regarding his venture with producer Raju Sharad Patel to create Neverland Pictures, “Films have always been a passion for me as a fan and as an artist and there is nothing in the world like the magic captured forever in a time capsule like motion picture images. Raju and I are very excited to be joining together with MDP Worldwide and producer Mark Damon, who has a very successful track record as an independent producer and distributor.” The deal is subject to approval by regulators.