Experts say Jackson would have earned more than $1B in first years of comeback concerts, shows

Experts say Jackson would have earned more than $1B in first years of comeback concerts, shows | iNFOnews.ca
AppleMark

LOS ANGELES, Calif. – An entertainment accounting expert says Michael Jackson could have earned $1.1 billion or more if he had performed a worldwide concert tour and created a Las Vegas show before his death.

The estimate by Arthur Erk came Monday during testimony in a lawsuit filed against concert promoter AEG Live LLC by the singer’s mother. Erk estimates that if Jackson’s tour charged higher ticket prices, he may have earned $1.5 billion for the shows.

Erk says the figures account for an estimated $134 million the singer would have likely spent before retiring from show business at age 65. Jackson died in June 2009 at age 50.

AEG will likely contest the figures. Jackson had signed on for only 50 shows in London, but Erk estimated for a worldwide tour.

News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

The Associated Press

The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.

Related Articles