Jackson confirms new management deal

Michael Jackson has confirmed his new manager is English music mogul Guy Holmes.

Jackson has signed a record deal with Two Seas Records, the label he has founded with Bahrain ruler Sheik Abdulla Hamad Al-Khalifa.

Gut Records chairman Holmes has been named Two Seas Records Chief Executive Officer.

The superstar is currently writing a new album which is due for release late next year.

Jackson, 47, says, "I am incredibly excited about my new venture and I am enjoying being back in the studio making music."

Holmes will oversee Jackson's new album and manage the superstar's other business interests.