Word: tickets
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Dates: during 2000-2009
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...that stage will be dismantled - and AEG must deal with the financial aftermath. Jackson's death means the firm will have to refund $85 million in ticket sales. The company will also miss out on expected profits of $115 million from VIP packages and merchandising, and it will lose the chance at an additional $450 million from the three-year worldwide tour they hoped would follow the London gigs. (See the top 10 Michael Jackson moments...
...love you so much," he said in a three-minute speech before a crowd of 2,000 people. "I'll be performing the songs my fans want to hear. This is the final curtain call." That prompted an online frenzy, with 360,000 people registering applications before the ticket office even opened. When tickets ranging from $75 to $115 went on sale the next morning, fans snapped them up at a rate of 40,000 an hour - that's 650 a minute - smashing all box-office records. Some 800,000 tickets were sold. (See TIME's special coverage on Michael...
...Friday afternoon, AEG had not responded to queries regarding its insurance coverage. "We're dealing with a tragedy. We have no comment on that," an unnamed company spokesman told the Los Angeles Times. And as for refunds, AEG announced that ticket refund informaion would be released early next week...
...into tales of woe. One guy was stuck on a bus for three hours before getting to the course, only to be told that play was canceled. Many shelled out big bucks for opening day. "I waited a year-and-a-half for this and paid $200 for a ticket, and this is what I got," says Joe Pucci, a maintenance worker from Hicksville, N.Y. "Was it worth it?" No, sir. "I'm screwed," he says...
...Beyond the numbers are the people. At least half of Up's domestic gross has come from its 3-D showings, where the cost of admission is perhaps 30% higher, The Hangover makes its money the old-fashioned way: at regular ticket prices. That means that many more people saw the R-rated comedy on its opening weekend. They liked what they saw, spread the word, kept the momentum rolling: the picture made another $27 million in the Monday-to-Thursday period, as opposed to $19 million for Up. Success like this becomes its own news, the buzz phrase...