Word: londonized
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...March issue, London-based Reinsurance magazine reported that the city's insurers were skeptical that Michael would make it all the way through: no insurer was willing to cover all the concert dates, and AEG could arrange a policy only for the first 10 concerts. The magazine added that AEG would face a liability of $492 million if the series were to be canceled. (See pictures of Michael Jackson's live performances on LIFE.com...
...right now, Jackson's fans are focused on their mourning, not their money. "I haven't even thought about the money," says Luke Fletcher, 27, who lives in London. Fletcher says he has been in constant communication with friends since Jackson's death and is just trying to remain positive: "Michael will be remembered for his music now, and all of the controversy will be forgotten." It's a different kind of comeback, but maybe an even better...
...catalog's music at around $19 million, according to the Wall Street Journal, Jackson was still stretched. When the singer defaulted on a loan in March last year, pushing Neverland into foreclosure, private-equity firm Colony Capital stepped in to bail him out. The 50 concerts planned for London later this year could have netted Jackson as much as $100 million, with a possible world tour to follow generating five times that amount. To Jackson's debtors, if not to the singer himself, that sure would have added...
...that is available. The combination of increased ridership - triggered at least in part by higher gas prices, which are unlikely to drop over the long run - and aging infrastructure "is stressing the transit system to the breaking point," says Goldberg. (See a video from St. Pancras train station in London...
Recently, Jackson was preparing for a comeback tour, and when plans for a series of London shows were postponed in May, rumors emerged again that Jackson was sick - this time with skin cancer. Concert promoter AEG Live repeatedly declared in the press that the change in schedule had "absolutely nothing to do with Jackson's health...