It was recently reported by Radar that Jamie Spears would be earning a cut from his daughter Britney's Las Vegas residency.
Now InTouch has released court documents confirming the arrangement, which reveals that he already receives $16,000 as a co-conservator of Britney's estate.
Court documents state that 'Mr. Spears has been and will be providing primary responsibility for negotiations with regard to all key aspects of the LV Show, global oversight of the LV Show production and logistics, making all final production calls on site.'
'Mr. Spears is creating significant savings and value for the Estate through his efforts,' the documents said.
'Petitioners seeks fair and reasonable compensation for the efforts Mr. Spears has made and will make and the results that he has achieved to date and is expected to achieve in the LV Show.'
With Britney's approval, Jamie will now receive 1.5 percent of the gross revenue from the show and the merchandise.
'Until the Petition is granted, Mr. Spears will be continuing to expend extraordinary time and effort in the production of Ms. Spears performance-related activities without additional compensation.
He has already done so for more than six months and further delay would be a continuing unfairness to him,' Spears' attorney Geraldine Wyle said in a sworn declaration.
Meanwhile, the 32-year-old pop star has gotten into killer shape to build up the endurance for the demanding stage show.
The 100-minute high-energy dance show covers 15 years of her chart-topping hits at Planet Hollywood’s 4,600-seat theater.
It features the world’s largest indoor projection screen and after a two-month break in June and July resumes August 16 through September 6.
According to the Las Vegas Sun, 'ticket sales have been strong' since its debut in December with talks about extending the run past its original 200-show, two-year contract into 2016.