Out of the Much Ado About Nothing Department comes news that after all the talk -- and even lawsuits -- over Michael Jackson's appearances on either the Grammys or the rival American Music Awards, a Grammys spokesman tells Reuters that the Gloved One won't be performing on Wednesday night's Grammys broadcast after all. Asked by the news service if Jackson declined an invitation to appear by the National Academy of Recording Arts and Sciences or if he was never invited, spokesman Ron Roecker said he did not know. Jackson's managers gave no explanation for the about-face. Reps at Jackson's label, Epic Records, could not be reached for comment. Jackson's decision to back out of performing on January's American Music Awards (presumably because entertainers on that show would be shunned from the Grammys) prompted that show's producer, Dick Clark, to slap NARAS boss Michael Greene with a $10 million lawsuit, claiming unfair competition. Jackson tried to compromise by submitting a newly produced video clip of 1988's "Man in the Mirror," but his reps pulled it at the last minute. Jackson is up for a Grammy for best male pop vocal performance for his new single, "You Rock My World." In related news, Jackson, 43, said Monday that he has invested between $15 million and $20 million in Montreal-based MDP Worldwide Entertainment Inc., to kick-start his foray into moviemaking, reports Variety. (Jackson last appeared on the silver screen as the Scarecrow to Diana Ross's Dorothy in the 1978 bomb "The Wiz.") Among those attending Jackson's press announcement Monday was his friend Elizabeth Taylor, who happens to turn 70 this Wednesday. The movie legend told Daily Variety that she wants to direct. "I've been in the business since I was 9 years old," she said. "I want to take what I've learned from directors and twist it a little."