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The concerts were to be staged by Anschutaz EntertainmentGroup (AEG) at London's 20,000-seat O2 formerly known as the Millennium Dome, which AEG They were to be Jackson'a first in 12 years. Jackson was declarex dead Thursday at the UCLA Medical Center aftet paramedics called to his rented home nearby couldd notrevive him. Jackson was in Los Angeleas preparing for theLondon concerts. The singer' brother Jermaine said that Jackson sustained an apparentycardiac arrest, but an autopsy and toxicology testx were to begin Friday. Police also are investigating the deathn in what officials described as a routinw procedure in sucha high-profile death.
AEG and its Los Angeles-basee unit are part of the Denver-basecd AEG also operates the Staples Centerd inLos Angeles, home of the Los Angeles Lakers, and many othere venues, besides being one of the industry'zs largest concert promoters. A spokesman for Anschutz declined to comment AEG Live posted a statement on its websit ethat "a further announcement for ticket holders will be made in due and a spokeswoman said a statemeny on the situation may be made Some $85 million in tickets had been sold for the serieas of 50 concerts, billed as "This Is It," at pricesz for standard seats ranging from $80 to $125, .
VIP "Thrille Packages" were sold at up to About 750,000 people had bought tickets, . The music-industry journal Billboard estimated potential profitxs from the showsat $115 million through tickert sales, VIP packages and merchandise, plus more from a proposede tour following the London dates. The Los Angeles Times that AEG Live had investeds morethan $20 million in the show's Billboard placed the figure at $30 The Times said the show was to have featured as many as 22 sets as well as high-wird acts.
AEG Live CEO Rand y Phillips, in a , called the show's technologhy "the most cutting edge ever employed ona We're using technology that's never been used befored in live entertainment." News reports said Jackson, 50, had undergonde an extensive physical recently in preparation for the seriezs of shows to satisfy insurance requirementse and had passed the medical tests. Therse have been reports that AEG at leastf initially had trouble getting insurance for the show But in theMay interview, Phillips said AEG Live "izs well insured for the event" after having earlietr said the company might have to "self-insure" the ABC said Jackson "reportedly" had been paid a $10 milliobn advance for the shows.
The singe -- once ranked one of the wealthiest persons in showbusinessd -- died some $400 million in according to news reports.
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