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Jackson death stings concert promoter

Posted on June 26, 2009 at 10:51 am

AEG Live stands to lose as much as $40 million from Michael Jackson’s planned London concert series, says Billboard. Three-quarters of a million people bought tickets for the 50-show run that had been scheduled to start next month and word is AEG didn’t have insurance coverage to cover a potential nonappearance by the late pop icon.

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