According to reports, the 30 second rehearsal footage of Michael Jackson rehearsing just two days prior to his death, is only part of more than 100 hours of footage that could be turned into live albums,a movie,and a pay-per-view special.
A promoter said that the tons of material they have along with possible insurance proceeds and ticket sales to memorabilia collectors, could help pay into the estimated $400 million in debt that Michael’s estate has incurred.
Randy Phillips, the president and CEO of concert promoter AEG Live stated, “He was our partner in life and now he’s our partner in death. If we all do our jobs right, we could probably raise hundreds of millions of dollars just on the stuff we have worldwide and then the estate could eradicate its debt.”
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