Michael Jackson’s mother, Katherine, will be awarded custody of his three children, according to the terms of a new deal that has just been reached between the Jackson matriarch and her ex-daughter-in-law, Debbie Rowe.

The deal states that Katherine, 79, will get full custody and Rowe will have visitation rights; however, the former nurse won’t receive any money in exchange for relinquishing her custodial rights to Jackson’s mother.

Previous reports had suggested Rowe was set to give up her rights to care for the children for a large lump sum payment from the Jacksons, rumours which Rowe has vehemently denied.

“It’s an agreement,” said L. Londell McMillan, Katherine Jackson’s attorney in the case, “an agreement for the best interests of the children.”

McMillian was quick to point out that money had absolutely nothing to do with the deal that was struck between Rowe and the Jacksons, contrary to what the media has stipulated.

“This is not a money deal,” he said. “This is not about money.”

“There is no situation better for these children than for them to be raised and reared in the loving care of Mrs. Katherine Jackson,” McMillian added.

While the custody of Michael Jackson’s children may have been sorted, the battle for his estate is still on-going, with McMillian hinting that the King of Pop could have been worth more than $2 billion.

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The guardianship hearing for Michael Jackson’s three children has been postponed for a second time, with reports that Jackson matriach Katherine and her onetime daughter-in-law Debbie Rowe are close to a settlement.

The hearing had been slated for July 20, but has since been re-scheduled for August 3, after sources revealed to TMZ.com that both Rowe and the Jackson family were “in discussion” over a custody settlement for the two eldest Jackson children, Prince Michael I and Paris Michael Katherine.

The deal, according to the sources, “is amicable and involves the children – not money,” and is expected to be agreed upon soon.

It is believed that Rowe had a secret deal with her ex-husband, Michael Jackson, involving the children and a very large sum of money, to be paid at various intervals for an “unknown” and extended period of time. That agreement is said to have “survived” Jackson’s death, which would explain why Rowe doesn’t seem to be pushing for money at this point in time.

Katherine Jackson will remain the children’s temporary guardian until the August 3 hearing.

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It looks like the Daily Mail has managed to dig up the real reason for Christian Bale’s rage fueled attack on his mother and sister.

Various reason have been put forward for the attack, including Christian’s pent up anger at his stage mum, to her dislike of his wife, but now it seems the reason was much more mundane; his sister put the squeeze on him for money.

It seems, Bale’s sister tried to tap him for a $200,000 loan to help raise her children.

Christian wasn’t too keen on the idea, allegedly pushing and shoving his sister, Sharon and his mother Jenny, 61, during a row in his suite at the Dorchester Hotel.

Christian’s mother, Jenny, then made some less than flattering comments about Christian’s wife, Sibi, which added further fuel to the fire.

Christian’s excuse is that he would normally call a friend and hit the piss when he felt like this, but he was trapped and forced into this confrontation because of the paparazzi outside his $12,000 per night hotel.

Yep, life’s a bitch when you have to fork out $12,000 a night to sleep, but cannot help your sister and her children out with a loan that would cost you no more then 16 nights sleep.

How low will she go for a buck? That is the question you would have to ask about Madonna after this story from TMZ.

All the stories we have been posting about Madonna’s marriage being on the rocks are looking spot on, but never one to let a chance go by, Madonna is trying to use the publicity to boost her world tour as well as make a wad of cash.

Sources claim that the marriage has been over for months, but just because her marriage has broken down, does not mean that Madonna has lost her nose for business, with a well planned series of leaks to fuel the breakup rumors in an attempt to boost sales for her world tour.

With the tour expected to make $300 million, even Guy has agreed to the plan in order to get a bigger cut of the pie.

As reported here, they are expected to announce their divorce in November or December at the conclusion of the tour.

So she has thought out the entire plan for making even more money, but no mention of the effect this will have on her kids.

Classy!

Paris Hilton may not have a child yet with her Good Charlotte rocker beau, Benji Madden, but that doesn’t mean she wants to miss out on a wedding when good pal Nicole Richie and Joel Madden walk down the isle.

According to a source, the Hiltonite is desperate to have a lavish double wedding with the Madden brothers and Richie, but not because it would be super duper cute and cheesy, or because she loves the trio so much. No, Paris has a different reason for suggesting the double extravaganza… and it involves money… lots and lots of money!

Ms. Hilton’s only interested in marrying her rock n’ roll partner (who she’s not even engaged to yet), as she thinks she’ll be able to make a few bucks out of the ceremony. The source revealed that Paris is hoping to sell her wedding album to the highest bidder, thus adding to her multi-million dollar bank account.

“Hilton said she wants to [marry Benji] in order to sell the pictures from the wedding and thinks she could rake in millions,” the source said.

“She’s doing it all for attention, as usual. It’s a publicity stunt, just like everything else.”

Another publicity stunt for the Parisite? Geeze, who woulda thunk it??

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$138,000, that’s what Parasite Hilton got paid for turning up at trendy Mayfair nightclub Mahiki on Monday night.

The Parasite was her usual reliable self, arriving two hours late, then leaving after 50 minutes ‘work’.

Worried club managers were phoning the Parasite to see where she was, and were told that she was having her hair and nails done, and she also had a catnap because she was tired after all her traveling. The club had paid the Parasite for three hours ‘work’, so they got totally gipped. Mind you, I think anyone who pays her for breathing in their vicinity needs therapy.

Her Parasiticness managed to milk nearly $200,000 for the week, with her appearance at Mahiki and another one at Crystal.

During her brief stay at Mahiki. she asked for champagne and shots, before moving onto $200 Treasure Chest cocktails.

The Parasite also spent 8 minutes of her 50 minutes at the club in the toilet, at a cost to the club of $22,000. Must have had a bad dose of the runs… Yeah, that’s it, I am sure….