Azoff quits Live Nation

Irving Azoff has announced that he is parting ways with Live Nation, the company he led after creating Front Line, the world’s largest artist management company, which in turn was sold  to Ticketmaster and then merged with Live Nation. According to The Wrap, Azoff said: “Life at a public company ain’t for me. The board pays you what your worth, then you get reamed for your compensation. They don’t like the way you elect directors, you should be giving options. It’s horses… You can’t be an entrepreneur and work in a public company anymore.”  Azoff has confirmed that he will setting up a new company with management clients including The Eagles, Christina Aguilera, Van Halen, Steely Dan and Jennifer Hudson.

for more seehttp://www.thewrap.com/music/column-post/irving-azoff-why-he-left-livenation-running-public-company-sucks-exclusive-71021 and  http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-irving-azoff-exits-live-nation

Will Live Nation go private?

Following last month that Live Nation chief Irving Azoff was talking to one of the firm's biggest shareholders, John Malone, about taking the company into private ownership, Malone has confirmed that he thinks such a move would be a sensible one, though raising the cash to make it happen might be difficult. Reuters quotes Malone saying : "There are arguments that it would be better as a private company. It would probably be nice for that company to be private for a period of time to settle down and consolidate operations".

Live Nation back to private?

Reports are circulating over plans by Live Nation chief Irving Azoff and major shareholder and Liberty Media chief John Malone taking the live music, venue, artiste management and ticketing conglomerate private, just a year and a half after the Live Nation – Ticketmaster merger. Live Nations debt currently stands at approximately $1.7 billion. Taking the company private would ease pressure from investors and shares rose 6% to $10.92 on the news. More at http://www.ticketnews.com/news/Irving-Azoff-Liberty-Medias-John-Malone-consider-taking-Live-Nation-private061110358?utm_source=email&utm_medium=2011-06-16