Move comes a year Anschutz Co.'s unsuccessful effort to sell AEG
Anschutz Entertainment Group has unveiled a significant corporate restructuring of its live entertainment subsidiary AEG Live, with longtime CEO Randy Phillips ankling, and AEG COO Jay Marciano taking the reins as chairman.
The announcement comes a little more than a year after Philip Anschutz’s Anschutz Co. unsuccessfully attempted to sell off AEG – the second-largest concert promoter in the world, and owner of venues such as L.A.’s Staples Center and London’s O2 Arena. Phillips has been a major player in L.A. civic and political circles for years through the clout of Anschutz and AEG.
With Marciano taking over, there’s other shuffling among AEG execs. Paul Tollett, founder of AEG subsidiary Goldenvoice and the annual Coachella Valley Music and Arts Festival, will join the AEG Live board and gain the title of president and CEO of Goldenvoice. John Meglen will be promoted to president of global touring, Shawn Trell will take over as COO, and Rick Mueller will be named president of AEG Live North America.
“Jay is a highly respected veteran of the live entertainment business,” said AEG president and CEO Dan Beckerman in a statement. “With his increased involvement in the management of AEG Live as its chairman, and with the wealth of experience and expertise found among the rest of the AEG Live executive team, there is no limit to what this group can accomplish.”
In his decade-long tenure at the helm of AEG Live, Phillips had been responsible for such coups as Celine Dion’s residency at Caesars Palace in Las Vegas. He was also named in a wrongful death suit filed by the family of Michael Jackson against AEG Live, which served as promoter for Jackson’s planned residency at London’s O2 Arena before his 2009 death. Phillips was subsequently dismissed, and last month a jury exonerated AEG from liability.