Tuesday, July 16, 2013

AEG attacks projection of $1B earnings for Jackson

FILE - In this Dec. 8, 1996 file photo, Michael Jackson belts out a song during the first concert of his 2-days concert tour in Manila, dubbed as HIStory World tour. Accounting expert Arthur Erk told a jury on Monday, July 15, 2013, that Jackson would have likely earned at least $1.1 billion if he completed a worldwide tour and crafted a Las Vegas show before dying. Erk's testimony in a lawsuit filed by the singer's mother, Katherine Jackson, against concert promoter AEG Live LLC, includes estimates that Jackson would have spent $134 million before retiring from showbiz at age 65. (AP Photo/Pat Roque, File) LOS ANGELES (AP) — An expert who projected Michael Jackson could have earned more than $1 billion on his comeback concerts testified Tuesday that his analysis didn't include a breakdown of the singer's yearly earnings over his lifetime and projected a longer concert tour than the superstar had ever performed.








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