Word: aeg
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...AEG Live, the Los Angeles-based entertainment company behind the concerts, invested more than $20 million to bring about "one of the greatest musical events in history," replete with 22 sets, high-wire acrobatics and elaborate pyrotechnic lighting. Just last week, producers revealed that Swarovski would crown Jackson, his costumes and the sets with 300,000 pieces of crystal, adding even more glitter to the massive 20,000-seat O2. (See pictures of people around the world mourning Michael Jackson...
...Ticketmaster chairman Barry Diller ultimately apologized and blamed computer glitches for the ticketing mishap. But industry heavyweights snickered. "That stuff has gone on all the time. When he said it was a computer glitch - ha-ha - I nearly fell off my chair," said Randy Phillips, CEO of AEG Live, the country's second largest concert promoter. "I could not believe it. I mean, these are sophisticated businessmen - my God, a computer glitch?" Not surprisingly, Phillips opposes the merger and has even suggested he may cancel his seven-year contract with Ticketmaster if the deal goes through...
...literally the whole world will have some hyper-historical, folkloric obligation to paying attention. Anschutz Entertainment Group, who is responsible for this incorrigible (yet unsurprising) selling of Jackson’s comeback, is able to hide behind one thing—its bottom line. As with any business, AEG will only sell what people are willing to buy. As it turns out, all 50 of the concerts have sold out in what is being touted as “record time.” Although there seem to be hints of ticket-site scamming, it is fairly apparent that...
...Jackson underwent rigorous health checks to prove his fitness ahead of the announcement, and AEG, the group that owns the O2 arena, has reportedly obtained insurance to protect against Jackson falling ill and canceling performances. Last year, photographers captured Jackson in a wheelchair wearing pajamas as his children pushed him. Nevertheless, AEG Live chief Randy Phillips says Jackson has a three-year plan worth $400 million with the company that could include concerts and the development of a 3-D movie based on the legendary "Thriller...
...hurdle remains: finding a catalyst for the $700 million second phase of the redevelopment, which includes plans for a 650-room hotel next to the O2. Originally AEG expected to build a supercasino inside, but that idea got nixed by the government. One option is a cruise-ship terminal. AEG and the Port of London Authority are conducting a study to see if the Thames can be suitably dredged to allow the large ships to reach the O2. If given the go-ahead, this would open in time for the start of the 2012 London Olympics. Another possibility...