The big news at the moment is the untimely death of Michael Jackson at 50. But as always people are ready to cash in on such an event and the on-line world is no different.
Take Tesco, when you Google Michael Jackson they are up there with their advert for MJ cd’s. We all know there are a cold and faceless corporate but why shouldn’t they cash in on an event like this? In MJ’s case the money made might appease his creditors to the point that his family and children might be left with a few quid for an ice cream.
Online music retailers jumped straight on the situation and on the front of most (if not all by now) MJ tributes and links to his back catalogue …..to be purchased of course.
But, most importantly eBay purchases of MJ tickets will be refunded:
27/06/2009
EBay and Paypal confirm buyer protection for Michael Jackson tickets bought on eBayThe sad news of Michael Jackson’s death has left fans of the King of Pop bereft. eBay is committed to ensuring that no buyer is left out of pocket as a result of the unique nature of the event, and will ensure all buyers on the site can receive a full refund for their ticket purchase.
On this basis, eBay and PayPal is extending its Buyer Protection to all Michael Jackson concert ticket purchases bought on eBay. The company will also help sellers by refunding eBay’s sales commission when they refund buyers for Michael Jackson ticket sales.
Final details of how buyers and sellers can work with eBay and PayPal will be announced early next week.
But how about the seller? The buyer gets their money back from paypal which I imagine comes from the sellers pocket if I know Paypal, but will the sellers get their money back from the promoter?
But who will end up taking the full brunt of the loss? The promoters? The sellers? On average 300 million will be lost due to the cancellation of the O2 event.
But we do forget, a man is dead.
