×
You will be redirected back to your article in seconds

Greg Maffei Takes Chairman Role at Live Nation

Several months after the New Year’s Eve resignation of chairman Irving Azoff, Live Nation Entertainment has named Liberty Media topper Greg Maffei as non-executive chairman of the board, the company announced on Thursday.

Maffei, who has been CEO of Liberty since 2006, joined the LNE board in 2011. Speculation over his increased role in the company was sparked when Liberty bought out 1.7 million of  Azoff’s shares in Live Nation, increasing its ownership to 26.4%. Liberty’s involvement in LNE dates back to the company’s 2010 merger with Ticketmaster, of which Liberty had owned a 30% share.

Michael Rapino’s role as president and CEO remains uncharged.

“Michael and his team have made Live Nation the most pervasive brand in live entertainment,” Maffei said in a statement. “I look forward to further collaboration with Michael and my fellow board members.”

Rapino said: “Greg brings years of experience and business acumen that will continue to be a valuable asset.”

More Biz

  • CJ-CGV Cinemas

    CJ CGV Sells $286 Million Stake in Asian Cinema Businesses

    CJ CGV, the Korean movie theaters giant, is to raise $286 million from the sale of a slice of its Indonesian, Vietnamese and Chinese businesses. The company, which has its own stock market listing and is affiliated to the CJ Group, which includes CJ E&M and CJ Entertainment, said this week that it had sold [...]

  • Alibaba offices

    Hong Kong Share Sale Brings Alibaba an Easy $13 Billion

    Chinese e-commerce and entertainment giant Alibaba was easily able to sell all the shares it put up for sale in a secondary listing on the Hong Kong Stock Exchange. The company is selling 500 million new shares, which on Wednesday it announced would be priced at HK$176 apiece, or roughly US$180 per New York-traded ADR, [...]

  • Everybody Changes

    New Cadence Productions Acquires Domestic Rights to Panama's 'Everybody Changes'

    New Cadence Productions has acquired North American rights to the transgender family drama “Everybody Changes,” Panama’s official selection for the 92nd annual Academy Awards. The movie from writer-director Arturo Montenegro tells the true story of a Panamanian couple with three children who grapple with the father’s decision to come out as a transgender woman. “Everybody [...]

  • Assistant Attorney General, Antitrust Division nominee

    Justice Department Moves to End Paramount Antitrust Decrees

    The Department of Justice will seek to end the Paramount consent decrees, the landmark agreements that have barred studios from owning theaters for the last 70 years. Makan Delrahim, the head of the department’s antitrust division, made the announcement Monday in a speech to the American Bar Association fall forum on antitrust. He argued that [...]

  • Viacom HQ LA

    ViacomCBS Sets HR and Inclusion Chiefs

    ViacomCBS has named corporate heads of HR and inclusion as the companies prepare for the merger that is set to close early next month. The soon-to-combine Viacom and CBS have tapped Nielsen alum Nancy Phillips to serve as exec VP and chief people officer. Viacom alum Marva Smalls will serve as global head of inclusion, [...]

  • Sony Pictures Studio Culver City

    Sony Pictures Entertainment Buys AT&T's Stake in Game Show Network

    Sony Pictures Entertainment has bought out AT&T’s minority interest in Game Show Network for about $500 million. The deal makes Sony the sole owner of GSN. AT&T had owned 42% of the company, which the telco giant inherited with its purchase of DirecTV in 2015. AT&T has been on a mission this year to pay [...]

More From Our Brands

Access exclusive content