UPDATE: Upon learning of the report in the New York Post's Page Six which claimed La Toya Jackson signed Prince, Paris, and Blanket to her talent agency, a move from which she stands to profit, La Toya's publicist released the following statement:
"The story in The NY Post is completely and unequivocally false. Neither La Toya nor her company represent any of MJ’s children in any legal capacity nor has she received any commissions or payment as a result of their individual ventures. As a loving Aunt, when the children ask for help or advice she supports them 100%, and will continue to do so.
Furthermore, there is no shopping of a reality show for the children. Paris did her movie deal over a year ago directly with the production company and La Toya had nothing to do with it. Over the past year, Prince has continuously asked his Aunt for her help in starting his career because of the infrastructure she has. When she asked her nephew what he wanted for his birthday he replied, "He just wanted to work," It was at the time that she diligently started to assist him with his career and that's when Entertainment Tonight was booked and then 90210.
La Toya is currently consulting with her attorneys on how to proceed against these false and derogatory statements made by The NY Post and other participating publications."
While the Jackson family drama was going down last summer, one family member was reportedly lying low and plotting a takeover.
La Toya Jackson, Michael's older sister, has reportedly taken Jacko's three children -- Prince, Paris and Blanket -- under her care, provided sanctuary for them while all the madness was going on, and along the way also signed the kids onto her talent agency. Coincidentally, her talent agency -- Ja-Tail Enterprises -- consists exclusively of her deceased brother's children, according to the New York Post's Page Six.
"They needed comfort with everyone showing their wild side, so they watched television together, they listened to music and they talked about what Mike would want. Mostly, it was Toya doing all the talking," a family insider told Page Six.
Since signing the kids on to Ja-Tail, La Toya landed Prince his "ET" correspondent gig, his upcoming cameo on CW's "90210" (a show she herself appeared on), and Paris' movie deal. According to Page Six, La Toya pockets 15 percent commission from each such deal.
The kids are also expected to play a role in the Jackson family reality series, "Life with La Toya." According to Page Six, the show is the crown jewel in La Toya's plan to profit off of her deceased brother and his children.
For more on the goings on in the Jackson family and how mother Katherine plays into it all, head over to the New York Post's Page Six.