Michael Jackson concert promoter AEG Live to refund tickets

Michael Jackson's untimely death sent fans around the world into paroxysms of mourning. Closer to home, it created a logistical nightmare for AEG Live, the Los Angeles-based concert promoter behind the 50 comeback concerts that had been set to begin July 13 at London's O2 Arena.

The company sold more than 750,000 tickets for the performances, scheduled to run through March 2010, which amount to more than $85 million.

Today, AEG Live announced it would issue full refunds -- including all ticket service charges -- to fans from 200 countries who purchased tickets through "authorized agents."