Is Michael Jackson’s Family Seeking $40 Billion From Concert Promoter AEG Live?

Christina Lee | March 17, 2013 12:11 pm

Michael Jackson‘s mother and three children may be seeking up to $40 billion from AEG Live, the concert promoter that was in charge of the King of Pop‘s This Is It tour. The family is seeking $10 billion for future earnings that Jackson would have made, if he lived; plus $50 million for “various other damages,” according to TMZ. (The site did not report of the remaining $2.5 billion, but it has based its claims on “legal docs” it’s obtained.)

Last month, Jackson’s family filed a wrongful death lawsuit against AEG Live, which goes to trial in April. On March 4, a “smoking gun” email revealed AEG Live had not only hired Dr. Conrad Murray, but also pressured him to approve a grueling rehearsal schedule, despite Jackson’s signs of poor health. Murray is currently serving his four-year sentence for involuntary manslaughter, after the concert promoter claimed that it did not hire Murray and thus was not liable for Jackson’s death.

Jackson’s family has yet to comment on TMZ’s report. This Is It, a documentary that offered behind-the-scenes look at the comeback tour, grossed more than $250 million worldwide during its box-office run.