The Monkees most lucrative venture the three had ever seen in their days as the Monkees, far surpassing the money they had made in the 1960s. Nesmith had little financial need to join in Monkees-related projects, mostly as his mother Bette Nesmith Graham was the inventor of Liquid Paper, leaving Nesmith an inheritance of over $25 million upon her death in 1980. A new album by the touring trio, "Pool It!" (the Monkees' tenth), appeared the following year and was a moderate success. From 1986 to 1989, the Monkees would conduct major concert tours in the United States, Australia, Japan, and Europe.
Michael Nesmith finding your grandmother stealing your stereo. You're happy to get your stereo back, but it's sad to find out your grandmother is a thief." PBS appealed the ruling, but the appeal never reached court and a settlement was reached, with the amount paid to Pacific Arts and Nesmith kept confidential. Nesmith's current Pacific Arts project is Videoranch 3D, a virtual environment on the internet that hosts live performances at various virtual venues inside the Ranch. He performed live inside Videoranch 3D on May 25, 2009. Nesmith was the executive producer for the films "Repo Man", "Tapeheads", and "", as well