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Ticketmaster lines up new boss
By Gordon Masson
Artist manager Irving Azoff is being lined up as the new boss of Ticketmaster after the world's leading ticketing company announced a deal to acquire a controlling interest in his Front Line Management operation.
Ticketmaster will increase its holding in the company by paying $123m (#78.63m) for Warner Music's estimated 30% stake in Front Line, with Azoff becoming CEO of the renamed Ticketmaster Entertainment.
Ticketmaster chairman Barry Diller says, "While the Ticketmaster name has been synonymous with live entertainment for some time, [we have now taken] a significant step in solidifying our position in the music business. And we will greatly benefit in having Irving Azoff lead Ticketmaster."
Since being founded by Irving Azoff and Howard Kaufman in 2004, Front Line has built up a roster of nearly 200 clients and more than 80 executive managers. The company represents a wide range of major artists, including the Eagles, Christina Aguilera, Aerosmith and ...