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News |  19 Jul 2013 20:11 |  By RnMTeam

MJ could have earned only $132 million from tour: AEG Live

MUMBAI: Late pop star Michael Jackson could have earned $ 132 million from his world wide tour spanning 260 shows, if he had not died ongoing trail between his family and promoters at Los Angeles has revealed.

Report said documents displayed for a jury Wednesday 17 July showed the promoter of Michael Jackson's ill-fated comeback concerts had contemplated a worldwide tour for the entertainer in the year before his death.

The documents prepared by promoters AEG Live LLC envisioned 186 shows, with Jackson earning $132 million for his performances - far less than the $835 million that an accountant who previously testified for the Jackson family had projected the singer would pocket from 260 shows around the globe, report said.

The company's plans and calculations were presented to jurors hearing a negligent hiring lawsuit filed by Katherine Jackson against AEG Live.

The AEG Live figures were intended to counter the previous estimate of Jackson's earning power prepared by certified public accountant Arthur Erk who had said Jackson could have earned more than $1 billion if merchandise sales, endorsement deals and the creation of a Las Vegas show were included in his take.

A lawyer for AEG Live got Erk to however concede Tuesday 16 July that his projections were not based on historical figures of Jackson's earnings or spending.

The touring schedule drafted by AEG Live in September 2008 included shows in Europe, India, Australia and the US was prepared to coax Jackson back on stage for the first time in more than a decade.

Jackson eventually agreed to do a series of concerts in London's O2 Arena. He died in June 2009 of an overdose of the anesthetic propofol administered by a doctor while rehearsals were underway for the "This Is It" shows.

His last tour had been in 1997, but the singer was scheduled to perform 50 shows in London beginning in July 2009. Jackson had not agreed to perform shows in any other countries.

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