Billboard.com/Andre Paine
AEG Facing $85 Million Refund For Michael Jackson Shows
Submitted by Christine on Sat, 06/27/2009 - 09:09.The O2 Arena in London, operated by AEG, has informed Michael Jackson fans that details of how to obtain refunds will be revealed "in due course."
Billboard understands AEG Live will hold a meeting at 9am L.A. time to discuss the situation regarding the 50 dates. As reported yesterday, the promoter and its ticketing partners will have the cost and logistical challenge of refunding more than $85 million on 750,000 ticket sales.
At more than 750,000 tickets sold, this is surely one of the biggest refunds efforts in the history of the concert industry, and was characterized by one concert executive as the "biggest mess in the history of our business."
