Jem Aswad Senior Music EditorIn the Q&A session at the end of the Live Nation third quarter earnings report on Thursday, the company’s CEO Michael Rapino had some strong words for former WME music chief Marc Geiger’s recently announced “SaveLive” plan to bail out struggling independent concert venues via a joint-venture that would see Geiger and investors taking 51% equity in the venues.Rapino called the plan, for which Geiger has amassed $75 million from investors, a “fire sale” for venues and says he does not see it as being attractive to venues, even if they are struggling.Asked what impact, “if any,” the plan can have on the industry, Rapino audibly sighed and said, “Probably the same one he had at William Morris,” before continuing..
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.