Michael Jackson verdict could shake up entertainment business model
Updated: 2013-09-28 10:26
(Agencies)
|
||||||||
PERFORMANCE-BASED PAY
One change Piazza foresees in the industry's business model would be in how producers would start coupling an entertainer's pay together with fulfilling their contract.
"I think the big impact this trial will have is lessening those gigantic, multi-million dollar up-front payments and shifting the model towards a more back-end, profit-sharing model because then it would put the responsibility more on the talent to perform," she said. "They'll be making the money based on their performance."
But attorney Jerry Reisman believes that the financial pressure for companies like AEG Live is too significant for a substantial change in how they operate or control artists.
"It's very, very important that AEG knew they had to meet that tour deadline," Reisman said. "Now, whether or not they knew what this doctor was prescribing, whether or not they authorized it, those are all questions for the jury."
Michael Jackson's ex-wife says daughter Paris is 'devastated' |
Michael Jackson's ex-wife says doctors took advantage of singer
Artists pay tribute to MJ at 'Michael Forever'
Defense criticizes Jackson crime scene investigation
Dr. Conrad Murray's trial opens in LA
- King of pop returns
- Michael Jackson's son to testify in singer's wrongful death trial
- Dispatch audio reveals details of Paris Jackson suicide attempt
- Michael Jackson's teen daughter attempts suicide -mother
- Jurors being picked for Jackson suit against promoter
- Michael Jackson's teenage son lands US TV show
- Victoria Beckham S/S 2014 presented during NYFW
- 'Despicable' minions upset Depp's 'Lone Ranger' at box office
- 'Taken 2' grabs movie box office crown
- Rihanna's 'Diamonds' tops UK pop chart
- Fans get look at vintage Rolling Stones
- Celebrities attend Power of Women event
- Ang Lee breaks 'every rule' to make unlikely new Life of Pi film
- Rihanna almost thrown out of nightclub
Most Viewed
Editor's Picks
From China
|
News in review (Sept. 20-26) |
Flowing colors of 798 art district |
Nuclear plants see growth |
Nurses embark on journey to the West |
Fundamental challenges still remain |
Today's Top News
UN votes to eliminate Syria's chemical weapons
Obama, Iran's Rouhani hold historic phone call
FTZ to define development
US, Russia make deal on Syrian arms draft
China to pursue peaceful rise
Guideline doesn’t curb online speech, experts say
New doors opening for consumer finance firms
Alibaba, HK exchange debate online
US Weekly
Geared to go |
The place to be |