Witness: AEG Spent $24 Million On Ill-Fated Jackson Concerts
LOS ANGELES (AP) — An accounting executive for AEG Live LLC says the company spent $24 million producing Michael Jackson’s ill-fated “This Is It” concerts.
Julie Hollander told a jury hearing a lawsuit filed by Jackson’s mother against AEG that the tally involved expenses compiled through October 2009, roughly three months after the death of the pop star.
Budget documents shown Monday in the Los Angeles courtroom show the production was more than $2 million over budget, and that AEG made no payments to Conrad Murray, the physician later convicted of causing Jackson’s death.
AEG budgeted $150,000 a month for Murray’s treatment of Jackson as the concerts approached, but Jackson died of an anesthetic overdose before he signed Murray’s agreement.
Hollander has testified that Jackson was responsible for 95 percent of production expenses if his comeback shows were canceled.
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