AEG in Big Trouble

Ξ July 2nd, 2009 | → 0 Comments | ∇ Billboard, Concert, Concert Gig, Michael Jackson |

Michael Jackson?s 50-show run at London?s O2 Arena was set to be the highest grossing single concert engagement if it took place. The concert promoter, AEG Live, went all out on the production and may now be facing some serious financial problems. According to Billboard, AEG sold $85 million worth of tickets along with $30 million spent on spent on production and $10 given to the late singer as an advanced payment. They?re not sure whether nonappearance insurance will cover the unfortunate situation. If the King of Pop died from a drug overdose or a pre-existing condition, the producer will not get reimbursed and will be forced to refund 750,000 already purchased tickets.

 

50 Cent not cleared as a suspect in house fire:

Ξ May 11th, 2009 | → 0 Comments | ∇ 50 cent |

The investigators in charge of the burning down of 50 Cent?s Long Island mansion have not yet cleared anyone as a suspect? including 50 Cent himself, who apparently issued a statement saying otherwise: The police department and insurance investigators ruled that there is absolutely no proof or evidence suggesting that Curtis Jackson or any affiliated parties were involved. Curtis Jackson has just been cleared of all the accusations. The investigation will continue until the guilty party is found.” 50 Cent is under the suspicion that he burned down his own house? worth 1.4 million dollars, I might add? Talk about having a temper? or some overdue mortgages. Leave it to the modern banking system to get you doing things you wouldn?t normally consider.