The Impact of Michael Jackson to Business World

The surprising death of the King of Pop, Michael Jackson, has shocked the music enthusiasts all over the world. Not only MJ’s fans, his death is also impacting the business world in good and bad ways.

On the upside, MJ is on demand – His death jumps sales of MJ’s music and memorabilia, online and off line. Amazon.com, for instance, enjoys a surge of demand on everything related to Michael Jackson, mainly music. In RollingStones.com and Apple iTunes.com, MJ tops the best selling chart. I also believe eBay.com is also one of them that experience a rise in demand of MJ-related products.

Despite the “good news” to businesses, MJ’s early departure automatically cancels his July 2009′s comeback concert in London, costing the investors and promoters alike millions of dollar in infrastructure investments and ticket sales loss.

MJ also left a mountain of debt, nearing half a billion of dollar. With that said, “Jackson Inc.” assets of more than 1 billion dollar should take care of that.

To learn more on the news update, please watch this Reuters Business Updates news segment on MJ’s impact to the world of business:

Ivan Widjaya
Jackson Inc.