UPDATE: Read the unedited emails here.
EXCLUSIVE: Few things satisfy more than a fiery Hollywood feud. I’ve learned the ongoing one between Ari Emanuel and Irving Azoff flared up again this past weekend in a way that one eyewitness told me was “like Yiddish Theater, complete with Jews and their drama and their masks and coats and robes”. I wouldn’t know, never having attended Yiddish Theater. But I do know Hollywood, and this flaming raged out of control. The email war erupted between the two entertainment executives Friday, the same day as a Financial Times article was published about how well Live Nation Entertainment is doing in 2013 after music manager Azoff resigned and where WME co-founder Emanuel is on the board. It doesn’t help that Azoff’s son works for CAA as an agent, or that Azoff is reputedly using his position as an advisory board member of IMG to lend help to CAA’s designs on that sports company which WME also wants. The surprise here is that Emanuel usually sends one- or two-word-only email messages. But Azoff loves all communications technology, even infamously micro-blogging on Twitter to spar with Live Nation critics when he ran the company. (“If you want ticket prices to go down, stop stealing music.”) Trust me, feuds like this are extremely multi-faceted.
I’m told the emails were “a lot of back and forth” over the FT story but not substantive. Instead, they consisted of each man baiting the other and “devolved into a fucking bitchfest about how much they hate each other. Irving tried to be nice and, well, Ari was Ari. They kept going back and forth. Such silliness from Ari about what a ‘piece of shit’ Irving was, and then Irving saying, ‘I forgive you for being an asshole.’ Ari telling him, ‘You’re a lying piece of shit,’ and Irving replying, ‘You don’t know what you’re talking about.’ It was so ridiculous.”
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Don’t tell Live Nation executives that their concert acts are getting old. While one-time hitmaker Neil Diamond continues to hit the stage at age 70, Chairman Irving Azoff says that “every year there’s a Taylor Swift, or Justin … Read More »
The bears are back. After a relatively calm week, stocks prices across the board — including in media — are tanking today following reports that point to rising unemployment and inflation, and weakness in manufacturing. An hour before … Read More »
Live Nation’s increase in ticket prices didn’t deter many people from going to see concerts in 2Q. The company reported net earnings of $13.3M, up from a $32.8M loss in the same period last year, on revenues of … Read More »
Curious that the press release (below) doesn’t explicitly say that Azoff is chairman of Live Nation Entertainment — the parent of Ticketmaster and the No. 1 owner of concert venues.
LOS ANGELES, Aug. 4, 2011 — Front Line Management and Syco Entertainment today announced a partnership which will see the future winning artist or group of the U.S. version of The X Factor managed by Front Line Management, the world’s leading artist management group.
Front Line, a division of Live Nation Entertainment, manages the careers of some of the world’s biggest-selling artists, including The Eagles, Miley Cyrus, Journey, New Kids on The Block, Christina Aguilera and Fleetwood Mac.
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The mind-numbing network of interlocking corporate relationships at Live Nation — the No. 1 concert promoter and owner of Ticketmaster — just became much more complicated with the announcement that Jim Dolan is joining its board of directors. He’s a power in live entertainment in his role as executive chairman of Madison Square Garden — a major owner of concert venues (Radio City Music Hall, The Beacon Theater, The Chicago Theater), sports teams (New York’s Knicks and Rangers) and media outlets (MSG network and music channel Fuse). Dolan’s also CEO of Cablevision Systems, a director of AMC Networks, and a Live Nation client in his role as lead singer and guitarist for blues band Read More »
Those who remember Liberty Media Chairman John Malone from the days when he was the swashbuckling King of Cable like to think of him as a strategic mastermind who still wants to shape the future of media. But lately he’s looked like a guy … Read More »
It’s fascinating to watch companies in decaying industries resort to financial sleight of hand to try and survive — which is why we’re going to start paying attention to the music business. But you’d never know that music, including the concert business, is in trouble from the huge compensation packages that Live Nation just revealed it paid last year to its two top executives: chairman Irving Azoff and CEO Michael Rapino. They collectively made $38.7 million, mostly because they engineered several business deals including a merger with Ticketmaster — a combination that tightened Live Nation’s grip over the concert business but provided no discernible benefits for consumers. The financial gamesmanship certainly worked well for Azoff. He picked up a lot of Ticketmaster stock back when Barry Diller controlled the company and wanted to merge it with Azoff’s Front Line, a management firm that handles performers raging from The Eagles to a blues band that Cablevision CEO Jim Dolan fronts in his spare time, JD and the Straight Shot. Diller left Live Nation last year after losing a boardroom battle. Still, Azoff made $22.8 million in 2010, which included $13.8 million for his Ticketmaster and Front Line holdings. Live Nation also paid $731,130 to a private airplane company that Azoff owns — as well as salaries to his son, daughter and son-in-law, who hold non-executive jobs at Live Nation. Rapino ended up with nearly $15.9 million, a 138% raise over his compensation in 2009. Read More »
I don’t do music. (I have my hands full with the scoundrels in Hollywood that I can’t possibly take on the crooks in the music biz as well.) And I stopped caring about anything despotic and obnoxious Barry … Read More »