AEG attacks projection of $1B earnings for Jackson
LOS ANGELES (AP) — An expert who projected Michael Jackson would have earned more than $1 billion on his comeback concerts has testified that his analysis projected a longer concert tour than the singer had ever performed.
Accounting expert Arthur Erk testified that Jackson would have earned between $1.1 billion and $1.5 billion if he performed a 37-month, 260-show tour beginning with his London “This Is It” shows and crafted a Las Vegas show based on his music.
Erk is testifying for Jackson’s mother in her lawsuit against AEG Live LLC, the promoter of Jackson’s planned series of concerts dubbed “This Is It.” He is testifying about the singer’s potential earnings if he had lived.
An AEG attorney attacked Erk’s estimates on Tuesday, noting that Jackson’s longest tour was 123 shows.