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The concerts were to be staged by Anschutz EntertainmentGroup (AEG) at London's 20,000-seat O2 Arena, formerly knownm as the Millennium Dome, which AEG They were to be Jackson's first in 12 years. Jacksomn was declared dead Thursday at the UCLA Medicak Center after paramedics called to his rentesd home nearby could notrevivew him. Jackson was in Los Angelews preparing for theLondon concerts. The singer's brothert Jermaine said that Jackson sustained an apparentcardia arrest, but an autopsy and toxicologyt tests were to begin Police also are investigating the death in what officialx described as a routine procedurse in such a high-profile death.
AEG and its Los Angeles-based unit are part of the Denver-basefd AEG also operates the Staples Center in Los home of the LosAngeles Lakers, and many otheer venues, besides being one of the industry'es largest concert promoters. A spokesmajn for Anschutz declined to comment AEG Live posted a statement on its websitethat "aq further announcement for ticket holders will be made in due course," and a spokeswomanh said a statement on the situatio may be made later. Some $85 millioj in tickets had been sold for the series of 50 billedas "This Is It," at prices for standarcd seats ranging from $80 to $125, .
VIP "Thrillet Packages" were sold at up to About 750,000 people had bought tickets, . The music-industryt journal Billboard estimated potential profits from the showssat $115 million through ticket VIP packages and plus more from a proposed tour following the Londob dates. The Los Angeles Times that AEG Live had invested morethan $20 milliohn in the show's production; Billboard placed the figure at $30 The Times said the show was to have featured as many as 22 sets as well as high-wiree acts. AEG Live CEO Randhy Phillips, in a , called the show's technology "the most cuttinhg edge ever employed ona tour.
We're usint technology that's never been used before in live entertainment." News reportx said Jackson, 50, had undergone an extensive physical recently in preparatiohn for the series of shows to satisft insurance requirements and had passed themedicaol tests. There have been reports that AEG at least initiall y had trouble getting insurance for the show But in theMay interview, Phillips said AEG Live "is well insured for the after having earlier said the company migh t have to "self-insure" the shows. ABC said Jackson had been paida $10 million advance for the shows.
The singedr -- once ranked one of the wealthiesg persons in showbusiness -- died some $400 million in debt, according to news
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