Live Nation restructures management division

Rumour has it Live Nation will restructure its artist management business, with Madonna and U2 manager Guy Oseary set to head up a more cohesive new division. CMU suggests the revised division will include the firms 360 degree partnerships with Jay-Z, Madonna, Shakira and Nickelback although ther management side of Live Nation's Jay-Z joint venture Roc Nation would remain separate. A number of other senior artist managers are said to be involved in the restructuring, include Ron Laffitte, Larry Rudolph and Gee Roberson, probably best known for managing Pharrell, Miley Cyrus and Nicki Minaj respectively. And HDD also reports that, in addition to absorbing management companies already owned or part-owned by Live Nation, Oseary's new division may be on the look out for some new strategic acquisitions too.