Singer's London residency will bring in £1 billion
Michael Jackson is being touted as an unlikely saviour of the economic crisis thanks to his mammoth residency at London‘s O2 Arena.
The King Of Pop has sold out 50 dates at the venue, with the shows tipped to bring in £1 billion for the economy, according to second-hand ticket website Seatwave.com.
“There’s gonna be somewhere near on a billion pounds worth of economic activity brought to London through hotels, restaurants, shops, pubs, people coming to see Michael Jackson,” he said.
He continued: “It’s the Michael Jackson economic stimulus package that the tax payer isn’t paying a penny for.”
Cohen added that Seatwave has sold in excess of 10,000 second-hand tickets for Jackson‘s gigs, which kick off on July 8.