Bailout

Deceased icon datapoint of the day

By Felix Salmon

From the WSJ:

After the deaths of other major stars, including Elvis Presley, in 1977, and Kurt Cobain in 1994, around half of outstanding concert tickets were never returned for refund, according to people in the concert business, because fans preferred to keep them as souvenirs.

Is it possible that AEG will end up making more money now the shows have been cancelled than it would have had they gone ahead?

Full post as published by Macroprudential on June 29, 2009 (boomark / email).