Michael Jackson Concert Promoter Could Be Out Millions
Jackson was getting ready for the concerts at the time of his death and an eager public snapped up tickets. At first he was supposed to do 10 concerts but later was signed up for 50 shows. There was some concern over whether or not all those shows would be too much for him. The Times article says that AEG Live had said that it was prepared to "self-insure" the shows.
Jackson's concerts were set to begin on July 13, and elaborate crystal-studded concert costumes had been prepared for the star. The Michael Jackson Live website which contained information on the concert is still online and had not been updated the last time I checked. AEG Live will have to refund the tickets as will Ticketmaster, which also sold Jackson tickets and has a policy to refund the face value of the ticket, plus the booking fee.