Purchase Solution

Ethics in a Concert Cancellation

Not what you're looking for?

Ask Custom Question

Here is an ethical aspect of contracts -imagine you were a ticketholder to a Michael Jackson concert at the time of his death. The Final Tour is announced, tickets go on sale, the shows immediately sell out, and then Michael Jackson dies quite suddenly two weeks before the tour is to begin. Aside from any legal contractual issues, discuss the ethical considerations for what to do about refunding the tickets. That is, even if the agreement that ticketholders (generally unknowingly) entered into said their money would not be refunded in such an event, discuss the ethics of the situation.

Who are the stakeholders?
What are the issues involved?
What does the tour promoter stand to lose with each scenario?
What does it stand to gain?
Where do law and ethics interface here in such an unprecedented occurrence (not just the death of a performer, but one of Michael Jackson's unparalleled stature)? Does sentiment enter into the picture under the circumstances? In what way? Should it?
How would you determine the best ethical position to take about refunding the money?
Answer with references/citations

Purchase this Solution
Solution Summary

When Michael Jackson died prior to his final tour, it presented an ethical situation. This is an examination of the key stakeholders involved and the decision made by the promoter to issue a refund or not.

Solution Preview

Who are the stakeholders?
The stakeholders are as follows: the artist (Michael Jackson), the estate of Michael Jackson, Michael Jackson's management team, Michael Jackson's band, the other acts performing at the concert, wardrobe, makeup artist, chefs, crew members, box office and venue staff, security, food and merchandise vendors, concert promoter, concert locations and advertisers (The information was obtained at "The Business of Concert Cancellations").

What are the issues involved?
Since the tour had to be cancelled, the promoter (AEG Live) had a bill of £360 million. The tour had sold £60 tickets. In order to keep the revenue from the ticket sales, AEG Live suggested that the ticket purchasers should keep the tickets as a moment or commemorative. AEG Live wanted hundreds of thousands of ...

Purchase this Solution
Free BrainMass Quizzes
Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

View More Free Quizzes
Related BrainMass Solutions

  • Ethics of paying for a foreign CEOs vacation to get business

    487442 Ethics of paying for a foreign CEOs vacation to get business You are a banker in the US trying to get a new client from overseas to invest his millions with you.

  • Indiana State Fair stage collapse

    The victim was Christiana Santiago who was well known in Chicago's LGBT community who died in the collapse. The incident led to the cancellation of Sugarland concert in Des Moines, Iowa, scheduled for Aug 14.

  • Differnece between Law and Ethics

    cancellation of membership from that professional organization.

  • Lease Analysis - Agro-Chem with Lonestar

    The solution has the details for the Agro-Chem lease case with Lonestar with a discussion on the risks associated with having a cancellation clause in the lease

  • Sine Cancellation Laws

    sin(y) = 1 and y = [-pi/2, pi/2] thus y = pi/2 2) sin(arcsin(1/3)) since x >= -1 and <= 1 we can say: sin(arcsin(1/3)) = 1/3 Cancellation laws are used to solve sine expressions. The methods used in trigonometry are solved.

  • Ethical issues with pricing

    This posting will look at the ethics behind pricing and look at this dilemma: Prices should reflect the value that consumers are willing to pay. vs. Prices should primarily just reflect the cost involved in making a product or service

  • Providing Proof about Integers and Rationals

    Given that ac=bc This gives ac-bc=0 This implies c(a-b)=0 In integers, product of two integers is equal to zero if any one of them is equal to zero. So, the above equation implies either c=0 or a-b=0.

  • Database Analysis: Data Modeling and E-R Diagrams

    235566 Database Analysis: Data Modeling and E-R Diagrams After completing a course in database management, you have been asked to develop a preliminary ERD for a symphony orchestra.

  • Simplify using factoring and cancellation

    33419 Simplify using factoring and cancellation See attachment. Please see the attachment. This solution is comprised of a detailed explanation to simplify using factoring and cancellation.

View More Related Solutions