The family of Michael Jackson have announced that they will host a tribute concert in honor of the late King of Pop on Oct. 8 in Cardiff, Wales.

At a Beverly Hills, Calif., press conference on Monday (July 25), the Jackson family — mother Katherine and sons Jackie, Marlon and Tito and daughter LaToya — explained some of the details of the elaborate concert.

The Michael Jackson show will be held at the Millennium Stadium, which holds about 75,000 people, and will be televised by way of satellite on pay-per-view and movie theaters worldwide, according to Wales Online. Artists slated to perform at the event will be announced on Aug. 3.

"I will be there along with as many members of my family that can make it," said Katherine at the conference. "It is intended to be the biggest and best concert in the world for many years to come.” Michael's brother Tito added: "I know my brother would be very proud to see all the artists that he admired and respected so much come together for this special event."

Proceeds from the concert will benefit three charities Jackson supported: the Prince’s Trust, AIDS Project Los Angeles and a cancer charity. “We wanted to do something decent and worthy of Michael’s musical genius," said Chris Hunt, president of Global Live Events, which is organizing the massive event. "[We wanted] something fun and authentic that you would envision Michael attending with excitement and joy surrounded by talent that he respected and loved."

Jackson siblings Jermaine and Randy, who were mysteriously absent from the press conference, felt the concert was inappropriate at this time. In a statement, the brothers said: “While we wholeheartedly support the spirit of a tribute that honors our brother, we find it impossible to support an event that is due to take place during the criminal trial surrounding Michael’s death. As everyone knows, those proceedings commence Sept. 20.”

The criminal proceedings Jermaine is referring to involves that of Jackson’s former doctor, Conrad Murray, who is expected to go on trial for manslaughter charges in the late singer’s death. Jackson died on June 25, 2009 from an overdose of the surgical anesthetic propofol, combined with other drugs, a Los Angeles coroner ruled. Murray, whom allegedly administered the fatal dose, has claimed no wrongdoing in the case.

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