I’m not really into the celebrity culture thing, but I couldn’t help but notice this insurance related item in a Guardian article on the financial side of MJ’s passing:
Jackson was said to have still been making an annual income of $19m. But the singer had not released any new material since the album Invincible in 1991, which had not been a success, and had not performed live for over a decade and there were hopes that the comeback tour might solve his financial crisis for good. It was estimated that he could have made up to $500m if he had taken the show around the world.
Ultimately though he has left another financial mess at AEG, the owner of the O2 arena, formerly known as the Millennium Dome. According to Billboard magazine, more than $85m worth of tickets have been sold and AEG has already spent $30m on the production.
Reports are also suggesting that the firm was only insured for the first 10 nights of the residence, as insurers were wary of the singer being fit enough to play all 50 nights, leaving AEG with an potential insurance liability of up to £300m.
The Guardian also has a separate story discussing how ticket refunds my be effected.
He is a really great guy. it really pissed me off because before he died everyone was calling him gay and making stupid jokes about him and now that he is dead everyone is starting to appreciate him a lot more. its sad because i know his kids heard some of the jokes and that probably upset them a lot. if someone talked about my parents in a bad way i would kick their X@@##! but there is no way they could stand up to all of them people. MICHAEL JACKSON is da best!