Michael Cohl: ‘Spider’ sense

Dealmakers Impact Report 2010

Michael Cohl
BCL Entertainment Corp

The former head of LiveNation and current topper at mammoth Toronto-based music promoter BCL (Ballard Cohl Labatt), Cohl is associated with some of the biggest acts in rock & roll: Pink Floyd, the Rolling Stones and U2, to name three. This year, he’s stepped up to aid clients Bono and the Edge by raising over 70% of the $65 million budget for “Spider-Man: Turn Off the Dark,” their musical with Julie Taymor, and renegotiating various production deals for the Broadway tuner, skedded to bow Jan. 11. “I got involved because I believed deeply in three artists: Bono, Edge, Julie,” Cohl said in September.

KEY DEALS: Invented the modern “package” tour in 1989 with the Stones’ “Steel Wheels” tour, for which he marketed not only the tour itself but post-tour merchandising like TV specials, books and DVDs. Signed Madonna, Jay-Z, U2 and Shakira to multiple rights deals with Live Nation. Stepped in to save “Spider-Man” when legiters were already pronouncing it dead.

SPARE TIME: None.

TOP CAUSE: Benefit concerts.

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