Michael Jackson's planned 50-show run at the O2 Arena in London would have been the highest-grossing single concert engagement. Now it's a major problem for the promoter AEG Live.More than $85 million worth of tickets have already been sold for the series of performances, which have the now sadly ironic title "This Is It." As much as $30 million has already been spent on production, according to sources close to the situation. So what's at stake for AEG, the world's second-largest concert promoter, can't be overstated.
Read more at Billboard.
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