Concert Promoter Live Nation Executive Shakeup

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Tom Martin -- Fri, 06/20/2008 - 09:27

Chairman and long-time concert promoter Michael Cohl is out. CEO Michael Rapino won the battle over whether to put more emphasis on "360 Deals" in which artists get big upfront fees (e.g. $120 million for Madonna) in return for a cut of all the artist's revenue streams (recorded music, merchandise, touring etc). Rapino wants to do fewer of these deals.

How will that change the concert business?

‹ Bonnaroo
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