Michael Jackson died deep in debt, but according to a CPA who testified in his wrongful death case against AEG, could’ve crawled his way out of it through his tour — potentially earning more than $1 billion in revenue.
That would’ve kept him with all the KFC and fresh virgin Malaysian wigs and weaves his white baby loving heart could desire. Damn you, Dr. Murray. Damn you to Hell.
More from The Associated Press:
Michael Jackson could have earned $1.1 billion or more if he had performed a worldwide concert tour and created a Las Vegas show before his death, an accounting expert familiar with the singer’s earning potential told jurors Monday.
Arthur Erk, a certified public accountant who conducts royalty audits for musicians, told jurors that Jackson might have earned $1.5 billion for the shows if he had charged higher ticket prices during later shows on the “This Is It” tour.
Erk said he was using conservative estimates to figure Jackson’s earning potential if he had lived for several more years, completed a worldwide tour and created a Las Vegas show based on his music. The estimates took into account endorsements and royalties that Jackson could have earned and are heavily dependent on the idea that Jackson would have performed a 37-month, 260-concert world tour.
AEG Live defense attorney Sabrina Strong questioned Erk’s assumption during cross-examination because Jackson had never completed a tour that long and hadn’t performed a tour in more than a decade. Strong also questioned Erk about three instances where Jackson got into legal disputes over canceled performances, but the accountant said those didn’t factor into his analysis.
“He needed to work,” Erk said.
His testimony was meant to show jurors the superstar’s earning potential in the case brought by Jackson’s mother against concert promoter AEG Live LLC.