Michael Jackson Promoter May Be Out Millions
June 26, 2009 | Posted by bLavish as Tid Bits & News at 8:00 am | Comments off
On Thursday evening a press conference was held confirming the death of the King of Pop, Michael Jackson. Shockingly, the 50-year-old star was pronounced dead on Thursday after suffering a cardiac arrest and now the promoter of his elaborate summer shows may be in the red for millions.
Jackson was planning a series of concerts he was calling his last live shows. According to the London Times, concert promoter AEG Live was planning the concerts and could be facing almost $500 million in promotional fees and concert time slots. Currently the company is rushing around trying to locate performers to take Jackson’s time slots.
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