The AEG Live figures were intended to counter the previous estimate of Jackson's earning power prepared by certified public accountant Arthur Erk.
Erk had said Jackson could have earned more than $1 billion if merchandise sales, endorsement deals and the creation of a Las Vegas show were included in his take.
However, a lawyer for AEG Live got Erk to concede Tuesday that his projections were not based on historical figures of Jackson's earnings or spending.
The touring schedule drafted by AEG Live in September 2008 included shows in Europe, India, Australia and the United States. It was prepared by a top AEG Live executive trying to coax Jackson back on stage for the first time in more than a decade.
Jackson eventually agreed to do a series of concerts in London's O2 Arena. He died in June 2009 while rehearsals were underway for the "This Is It" shows.
His last tour had been in 1997, but the singer was scheduled to perform 50 shows in London beginning in July 2009. Jackson had not agreed to perform shows in any other countries.
Jackson died of an overdose of the anesthetic propofol administered by a doctor in June 2009.
His mother claims AEG Live failed to properly investigate the doctor who was later convicted of involuntary manslaughter.
A jury of six men and six women is hearing the lawsuit and would consider possible damages if AEG is found liable.
The company denies it hired the doctor or bears any responsibility for the superstar's death.
AEG Live projected that Jackson would earn between $22 million and $30.7 million for the London "This Is It" shows. The singer did not have any sponsorship or endorsement deals for performances.
Jurors also watched a clips from deposition testimony by Jackson's daughter Paris, who said her father told her that he didn't plan to perform after the London shows but did intend to take his children on a worldwide tour.
"He still had a lot of music that he was still working on, but he kind of needed to relax," Paris Jackson said.