Michael Jackson has signed up to dozens of concerts in a residency at the o2 arena during June and July Photo: APThe singer has signed up to dozens of concerts in a residency at the arena during June and July which could bank him up to £100 million. The announcement of the concert deal will be televised live on Thursday.
Negotiations between Jackson and AEG Live, the company that opened the O2 in 2007 with a 21-night residency by Prince, began more than a year ago. It will be the longest run of shows by one performer since the relaunch of the former Millennium Dome.
The concerts will be modelled on Las Vegas where Sir Elton John and Celine Dion have long-running residencies which were established by Frank Sinatra. He will not be playing any other concert venues which his management hope will lead to a huge demand for tickets. The residency will avoid the rigours of touring for a singer who has fragile health.
Jackson is hoping the concerts, which will coincide with the release of a new album a first in eight years, will revive the catastrophic slump in his fortunes which has seen his nickname go from the "King of Pop" to "Wacko Jacko".
In 2005 he was acquitted of child molestation charges but his reputation was further damaged when he held his young son aloft over a hotel balcony in Berlin. His Neverland ranch has been sold and a lawsuit from Sheikh Abdullah bin Hamad al-Khalifa, who claims that he gave him £4.7m to relaunch his career, was settled out of court...
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