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....
In person, Marciano seems remarkably calm for someone who has the job of overseeing the day-to-day operations of the world’s second-largest live-entertainment company — including its tours and events, its venues, its digital and ticketing properties, and not least the ongoing battles with competitors in this, the most lucrative area of the music industry. (There’s also the small matter of topping the $1.1 billion the company grossed in 2016.)
Since he took the helm at AEG Presents (formerly called AEG Live) in 2013, the company’s number of venues has nearly doubled to 70-plus; it’s launched several new festivals, including Desert Trip, Panorama, and Hyde Park; and in 2016 it acquired major Northeast promoter The Bowery Presents and opened the new T-Mobile Arena in Las Vegas. The company also continues to promote major international tours with Taylor Swift, the Rolling Stones, Ed Sheeran, Katy Perry, Paul McCartney, Justin Bieber and many others.
Marciano brings an unusually diverse background to his role. With long stints at AEG (where he helped plan the 2007 launch of London’s O2 Arena, and rejoined in 2011 as head of its European division); as president of Madison Square Garden Entertainment (where he oversaw such venues as Madison Square Garden, Radio City Music Hall and the Beacon Theatre); and 18 years at Universal Concerts, where he ultimately was named president/CEO. From artist and staff relations to ticketing to venue management, there are few jobs in the business that Marciano hasn’t done.