Saturday, June 27, 2009

The fallout continues from Jackson's death

A second autopsy is being requested by the family of Michael Jackson. Jackson's estate has all kinds of assets but also loads of debt. No one knows what he may have left--or not--for his children.

On top of all this drama is the story of how Jackson's death has impacted other companies and individuals with ties to the pop star. For example, one looming question is the plight of AEG Live, the concert promoter handling Jackson's planned London concerts. AEG invested $20 million to produce the concerts and has sold more than $80 million in tickets. Even though the concert promoter has insurance on the shows, no one knows what the basis of their claim might be.

Consider also the impact that Jackson's death will have on sales of his music. In a perverse way, his death will only spur interest in his music and videos, thus prompting revenue for those companies involved.

Strap in, readers, because this story will continue to play out in the press in the days and weeks to come.

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