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LOS ANGELES (CBSLA.com) — An entertainment industry consultant testifying for concert promoter AEG Tuesday said it was difficult to determine the pop star’s earning power had he lived to continue performing.
The jury has heard 15 hours of testimony from Eric Briggs, an expert called to testify by lawyers for concert promoter AEG Live in the wrongful death lawsuit filed by the late singer’s family.
On July 15, certified public accountant Arthur Erk testified the singer’s death had caused a loss of income estimated between $1.1 to $1.5 billion, earned from 37 months of touring, along with merchandise, endorsements, and royalties from a Las Vegas show.
Briggs testified Tuesday that after more than 350 hours reviewing the case — at a cost to AEG of between $600,000 and $700,000 — he had determined that Erk’s number was purely speculation. Erk was reportedly paid $95,000 for…
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