Expert: Jackson Would Have Earned $1B On Comeback - Spokane, North Idaho News & Weather KHQ.com

Expert: Jackson Would Have Earned $1B On Comeback

Posted: Updated:

LOS ANGELES (AP) - An entertainment accounting expert says 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.
    
The estimate by Arthur Erk came Monday during testimony in a lawsuit filed against concert promoter AEG Live LLC by the singer's mother. Erk estimates that if Jackson's tour charged higher ticket prices, he may have earned $1.5 billion for the shows.
    
Erk says the figures account for an estimated $134 million the singer would have likely spent before retiring from show business at age 65. Jackson died in June 2009 at age 50.
    
AEG will likely contest the figures. Jackson had signed on for only 50 shows in London, but Erk estimated for a worldwide tour.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • Throwback Thursday! Look At 'Sunshine Shelly' Through The Years!

    Throwback Thursday! Look At 'Sunshine Shelly' Through The Years!

    Thursday, March 20 2014 1:04 PM EDT2014-03-20 17:04:11 GMT
    KHQ.COM - It's throwback Thursday! Here is a slideshow we would like to share of Shelly Monahan through the years! For those of you who have been in Spokane for many years, and saw her through her "Sunshine Shelly" days, you will probably remember the Shelly from back in those days. Enjoy!>>
    KHQ.COM - It's throwback Thursday! Here is a slideshow we would like to share of Shelly Monahan through the years! For those of you who have been in Spokane for many years, and saw her through her "Sunshine Shelly" days, you will probably remember the Shelly from back in those days. Enjoy!>>
  • VIRAL VIDEO: Holy Moly! This girl is definitely NOT afraid of spiders!

    VIRAL VIDEO: Holy Moly! This girl is definitely NOT afraid of spiders!

    Monday, September 1 2014 12:00 PM EDT2014-09-01 16:00:12 GMT
    KHQ.COM - You don't even know what this girl is about to do to prove she is definitely NOT afraid of spiders! Is she crazy or just fearless? Would you do this for $500? $1,000? $20,000? >>>WATCH>>>>>
    KHQ.COM - You don't even know what this girl is about to do to prove she is definitely NOT afraid of spiders! Is she crazy or just fearless? Would you do this for $500? $1,000? $20,000? >>>WATCH>>>>>
  • Barista-stand owner faces prostitution charge

    Barista-stand owner faces prostitution charge

    Monday, September 1 2014 10:10 AM EDT2014-09-01 14:10:27 GMT
    EVERETT, Wash. (AP) - Authorities say the owner of bikini coffee stands in Washington state banked more than $2 million in just three years because her baristas were also selling sex acts. Snohomish County prosecutors charged 52-year-old former nude dancer Carmela Panico with promoting prostitution and money laundering, alleging that she was the madam of drive-thru brothels throughout the county north of Seattle.>>
    EVERETT, Wash. (AP) - Authorities say the owner of bikini coffee stands in Washington state banked more than $2 million in just three years because her baristas were also selling sex acts. Snohomish County prosecutors charged 52-year-old former nude dancer Carmela Panico with promoting prostitution and money laundering, alleging that she was the madam of drive-thru brothels throughout the county north of Seattle.
    >>
  • National NewsMore>>

  • UPDATE: Joan Rivers 'Resting Comfortably' at Mount Sinai in New York

    UPDATE: Joan Rivers 'Resting Comfortably' at Mount Sinai in New York

    Friday, August 29 2014 12:45 AM EDT2014-08-29 04:45:02 GMT
    NEW YORK (AP) - Comedian Joan Rivers is in a New York City hospital, according to police and hospital officials who say she was rushed there from a doctor's office after going into cardiac arrest.Rivers' daughter later issued a statement about her mother's condition.>>
    NEW YORK (AP) - Comedian Joan Rivers is in a New York City hospital, according to police and hospital officials who say she was rushed there from a doctor's office after going into cardiac arrest.Rivers' daughter later issued a statement about her mother's condition.
    >>
  • VA: No proof delays in veteran care caused hospital deaths

    VA: No proof delays in veteran care caused hospital deaths

    Tuesday, August 26 2014 9:11 PM EDT2014-08-27 01:11:37 GMT
    KHQ.COM- The Department of Veterans Affairs says there's no proof that delays in care caused any deaths at the VA hospital in Phoenix, Ariz.Revelations that as many as 40 veterans died while awaiting care rocked the agency this past spring, bringing to light scheduling problems and allegations of misconduct at other hospitals as well.NBC News obtained a draft report from the VA's Office of Inspector General Tuesday. The draft report says while investigators found substantial delays in care an...>>
    KHQ.COM- The Department of Veterans Affairs says there's no proof that delays in care caused any deaths at the VA hospital in Phoenix, Ariz.Revelations that as many as 40 veterans died while awaiting care rocked the agency this past spring, bringing to light scheduling problems and allegations of misconduct at other hospitals as well.NBC News obtained a draft report from the VA's Office of Inspector General Tuesday. The draft report says while investigators found substantial delays in care an...>>
  • UPDATE: Sergeant who shot herself at Fort Lee dies

    UPDATE: Sergeant who shot herself at Fort Lee dies

    Monday, August 25 2014 6:58 PM EDT2014-08-25 22:58:27 GMT
    Police officer patrols the entrance of Fort Lee in VirginiaPolice officer patrols the entrance of Fort Lee in Virginia
    FORT LEE, Va. (AP) - A commanding general at a Virginia Army base says an enraged soldier with a gun barricaded herself in an office, then shot herself in the head as officials tried to negotiate with her.>>
    FORT LEE, Va. (AP) - A commanding general at a Virginia Army base says an enraged soldier with a gun barricaded herself in an office, then shot herself in the head as officials tried to negotiate with her. Maj. Gen. Stephen R. Lyons says the soldier went on a rampage, throwing objects. >>