Prince Michael Jackson is New ET Correspondent

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Michael Jackson's oldest child Prince Michael is now an ET correspondent, taking on interviewing duties to cover the upcoming sure-to-be-blockbuster, Oz the Great and Powerful.

ET's Brooke Anderson mentored Jackson through his first-ever interview with actors James Franco, Zach Braff and director Sam Raimi, discussing their upcoming film, a reimagining of the 1939 classic, The Wonderful Wizard of Oz. Jackson's father famously played The Scarecrow in the 1978 feature film The Wiz: The Super Soul Musical Wonderful Wizard of Oz, directed by Sidney Lumet. Jackson revealed to Anderson that he aspires to a career in the entertainment industry saying, "I'm looking to become well-rounded as a producer, director, screenwriter and actor."

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Anderson remarked how he seems so much wiser and older than his ripe age of 16 to which Jackson replied, “That’s what most of my people say. That was all thanks to my dad. He raised me right."

When asked by Anderson who Jackson would like to interview next if he had his choice and who he admires, he divulged, “Probably Peter Jackson because I love his movies. Lord of the Rings, The Hobbit and King Kong. I just love the way he shoots [and how] he brings things and depicts it back to life. I used to study his movies with my dad, put the volume off and just watch it, just the shots to see how he put it together."

Related: Making the Wonderful World of 'Oz'

During Jackson's interview with the stars, he received advice about pursuing his dreams. Franco advised Jackson, "I always tell people, just go out and try, and stop waiting around or dreaming it’s going to happen. Just go and start doing things on your own.”

Tune in to ET tonight and all this week for more of Jackson's reporting debut!