AEG’s Insurance on Jackson Fell Through

AEG took out a huge insurance policy in case Michael Jackson’s 50 London concerts but it fell through.

AEG’s chief executive Randy Phillips said the $17.5 million insurance policy from Lloyd’s of London only covered a Michael Jackson overdose but didn’t cover a death from natural causes.

Phillips said the policy would still fall short of the money spent on Jackson’s advance, producing the show, covering some of Michael’s debts and paying his staff and rent, which cost between $25 and $30 million.

Source Via TMZ.com

Posted Under: Celebs
This post was written by Monica on July 3, 2009 Write a Comment (1)

Lisa Marie Presley Fights Rumors About Jett Travolta’s Death

Lisa Marie Presley

LISA MARIE PRESLEY, THE DAUGHTER OF ELVIS PRESLEY, STANDS UP AGAINST THE FALSE RUMORS ABOUT SCIENTOLOGY AND JETT TRAVOLTA’S (John Travolta’s son) DEATH.

HERE IS HER LATEST MYSPACE.COM BLOG:

“Now Is Not The Time.

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Posted Under: Celebs, Hollywood Up-Front Lisa Mason Lee, Lisa Mason Lee
This post was written by Lisa Mason Lee on January 6, 2009 Write a Comment