Aeg Live executives offered the administrators of the Michael Jackson estate a guaranteed $60 million (£40 million) deal to stage a high-concept Las Vegas show based around the King of Pop's hits, a court in Los Angeles has heard.
After two days of emotional testimony from Jackson's mother Katherine, Aeg Live boss John Meglen took the stand on Tuesday (23Jul13) and revealed his company wanted to create a tribute-type production to the pop superstar after his death in 2009.
Meglen testified that the 10-year deal would have included a Planet Hollywood Hotel show, museum and Jackson-themed restaurant and nightclub.
The executive told the court Aeg bosses were prepared to pay the estate $40 million (£26.6 million) to create the "conceptual show", which was prompted by the news that Cirque du Soleil visionaries were talking to the Jacksons about a similar project, which became reality and is now playing to packed houses at the Mandalay Bay resort.
Meglen testified Aeg never made Jackson an offer for a conceptual production while he was alive because, "We thought if we could create the show with Michael’s catalogue that that could be very successful, but it’s risky."
His testimony is the latest in the ongoing wrongful death case filed by Jackson's mother and three children against Aeg Live.