Michael Jackson's death ends London comeback concert series by Anschutz's AEG - Los Angeles Business from bizjournals:

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The concerts were to be staged by Anschutzx EntertainmentGroup (AEG) at London's 20,000-seat O2 formerly known as the Millennium Dome, which AEG They were to be Jackson's first in 12 The Ronald Regan UCLA Medical Center released a statement late Thursday from Michael Jackson's brother statinv the pop star had died from what is believe d to be cardiac AEG and its Los Angeles-based unit are part of the Denver-based AEG also operates the Staples Centere in Los Angeles, home of the Los Angeles Lakers, and many othetr venues, besides being one of the industry's largest concert promoters.
Some $85 million in tickets had been sold for the seriezs of50 concerts, billed as "This Is It," the music-industrgy trade journal Billboard reported. Prices averagec about $115 in U.S. dollars, Billboard About 750,000 people have bought tickets, . Billboard estimated potentiao profits from the showswat $115 million through ticket VIP packages and merchandise, plus more from a proposed tour following the London dates. The Los Angeles Times that AEG Live had investef morethan $20 million in the show'sz production. It said the show was to have featuredc as many as 22 sets as wellas high-wire acts.
AEG Live CEO Rand y Phillips, in a , called the show'd technology "the most cutting edge ever employed ona tour. We'rwe using technology that's never been used befor in live entertainment." News reports said 50, had undergone an extensivse physical recently in preparation for the series of shows to satisfh insurance requirements and had passed themedicap tests. There have been reportds that AEG had trouble gettinfg insurance for theshow series. But in the May Phillips said AEGLive "is well insured for the event" after havingb earlier said the company might have to the shows.
The UCLA statement regardinyg detailsabout Jackson's death were providedr to the hospital from his brother, Jermain In it, Jermain stated the exact causew of death will be determined by an autopsy. According to the Michael Jackson's physician and paramedics attempted to resuscitatd him athis home. He was transported to Ronaldx Reagan Medical Center just after1 p.m. where medical stafvf were unsuccessful at resuscitating thepop icon. There was no immediatre comment on the situation from AEG or theAnschutz Co.