AEG
KQ Entertainment, the South Korean music company behind ATEEZ, signed a multi-year agreement with AEG Presents to oversee the production of all global tours for the K-pop supergroup. The partnership, the terms of which were not disclosed, will enable “both companies to leverage their core strengths to further promote K-pop on a global scale,” according […]
Young Thug and concert giant AEG have quietly settled their multi-million dollar legal battle over a touring partnership gone sour.
The lawsuit, first filed in 2020 but delayed for years by Thug’s high-profile criminal case, claimed that the star owed more than $5 million under a 2017 touring agreement — and that he was obligated to hand over some of his music rights to pay down that debt.
But in a motion filed in federal court on Feb. 14, attorneys for both sides said they had “entered into a settlement” to resolve the dispute. Terms of the agreement were not disclosed in court filings, and neither side immediately returned requests for comment. The deal was later finalized by a judge on Feb. 18.
The settlement came as Thug is gearing up to start performing in concert again for the first time since he took a plea deal to end the years-long criminal drama in Atlanta. That agreement imposed strict conditions, but allowed Thug to avoid prison time and resume his music career.
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AEG sued Thug in December 2020 over allegations that he had breached the earlier touring agreement, which gave the company the exclusive right to promote his concerts. AEG alleged that Thug had “immediately failed and refused to honor” the deal after it had been signed, including by performing shows without the promoter’s involvement and pocketing the proceeds.
Under the terms of the deal, AEG claimed Thug was paid a $5.3 million advance – a sum the company claimed was never paid back. More significantly, AEG claimed that debt was secured with Thug’s copyrights to his songs as collateral – and that AEG can now claim an interest in the revenue generated by such intellectual property.
In more recent court filings, AEG claimed Thug had sold off more than 400 copyrighted songs for more than $16 million to an unknown third-party in 2021, and suggested that such a transfer mid-lawsuit might have been fraudulent.
The case was put on indefinite hold in May 2022, when the rapper was charged in a sweeping racketeering indictment that claimed his YSL group was a violent gang that had wrought “havoc” on Atlanta. Following the longest-running trial in Georgia history and a two-year stint in jail, Thug pleaded guilty last month and was sentenced to serve only probation.
Shortly after Thug struck that deal, attorneys for AEG pushed to restart the civil lawsuit, saying it was no longer “hampered” by the criminal case. But little additional litigation took place before the settlement was reached.
AEG has unveiled the company’s plans for realigning its international business divisions, promoting Adam Wilkes to the newly created position of president/CEO of AEG Presents, Europe and Asia-Pacific and elevating Alex Hill to lead AEG’s global real estate and venue operations outside the U.S. in the new position of president/CEO of AEG International. In his new […]
AXS, AEG’s ticketing and event access platform, is launching a new global biometric authentication feature for its mobile app across all smart phone devices. The technology marks the first time a ticketing smart phone app utilizes biometric security features, such as fingerprint or facial recognition, to provide users with a secure way to access their […]
Young Thug might be home from jail, but he’s still facing a multi-million dollar legal battle with concert giant AEG over a touring partnership gone sour.
In new legal filings, attorneys for AEG say they’re pushing ahead with a civil lawsuit, first filed way back in 2020, accusing the rapper of violating a touring agreement. AEG says Thug owes more than $5 million under the deal — and that he’s now obligated to hand over some of his music to pay down the debt.
The lawsuit has been delayed by Thug’s years-long criminal drama, in which Atlanta prosecutors accused him of running a violent gang. But after the superstar pleaded guilty and was released from jail last month, AEG now says it wants its money.
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“Proceedings in this action have been hampered for more than two years by reason of Mr. Williams’ incarceration,” the company’s lawyers wrote in a Friday’s court filing. “So long as Mr. Williams does not violate the terms of his probation, his criminal proceedings should no longer affect the parties’ ability to complete discovery and motion practice, or to bring the case to trial.”
AEG sued Thug in December 2020, claiming he had breached a 2017 touring agreement that gave the company the exclusive right to promote his concerts. AEG alleged that Thug had “immediately failed and refused to honor” the deal after it had been signed, including by performing shows without the promoter’s involvement and pocketing the proceeds.
Under the terms of the deal, AEG claims Thug was paid a $5.3 million advance – a sum the company says was never paid back after he breached his deal. More significantly, AEG says that debt was secured with Thug’s copyrights to his songs as collateral – and that AEG can now claim an interest in the revenue generated by such intellectual property.
“Such copyrights constituted collateral that was subject to the security agreement,” the company wrote in its 2020 complaint. “AEG has the right, pursuant to [agreement], to require that [Thug’s publishing company] and Mr. Williams assemble such [copyrights] and turn them over to AEG.”
After nearly four years, such a case would typically have resulted in a trial or a settlement by now. But the lawsuit against Thug was put on indefinite hold in May 2022, when the rapper was arrested and charged in a sweeping racketeering indictment that claimed his YSL group was a violent gang that had wrought “havoc” on the Atlanta area for nearly a decade.
After sitting in jail for more than two years during the longest-running trial in Georgia history, Thug pleaded guilty last month and was sentenced to serve only probation — a stunning end to a legal saga that could have seen him face a lifetime prison sentence.
For AEG’s attorneys, however, the end of Thug’s criminal case is just the start of the re-booted civil lawsuit – and also a chance to proceed on new accusations that the rapper has attempted to hide his copyrights.
In a court filing this summer, AEG’s lawyers said they had recently learned that Thug had sold more than 400 copyrighted songs for more than $16 million to an unknown third-party in 2021 – meaning after AEG had already filed its lawsuit seeking access to some of those songs. As a result of the sale, AEG said it might file an updated version of the case claiming the sale was fraudulent.
Now, in Friday’s new court filings, AEG says that even after “extensive research,” it remains “unclear which specific entities now own interests in such copyrights.” The company says it has filed issued subpoenas to 15 different entities seeking more information, and is still waiting to hear back.
“Based on the documents to be produced by those entities, AEG will determine whether to proceed against some or all of the collateral in this action as against defendants, to seek leave of court to
include claims against new parties with regard to such collateral, or to take steps outside this lawsuit with regard to such collateral,” the company wrote.
In technical terms, Friday’s filing was an agreement between the two opposing sides to push back all deadlines in the case by six months. That will give Thug a necessary three months to “become reacclimated to life outside of prison” and connect with his lawyers so he can “participate meaningfully in the action.” It will also give AEG the necessary time to “determine whether and how to proceed with regard to the copyrights.”
Neither side immediately returned requests for comment on Wednesday.
Political spending among the major players in the live music industry has largely remained flat this election cycle, while contributions by individuals working at Live Nation were up slightly over past years and money spent on lobbying members of Congress dropped in 2024, according to election data reviewed by Billboard.
At Anschutz Entertainment Group (AEG), owner Phil Anschutz spent $1.9 million supporting this year’s Republican reelection efforts but opted not to throw any support behind presidential candidate Donald Trump. Anschutz has never supported the brash presidential candidate, but though AEG boss is sinking millions of dollars into efforts to flip the Senate for Republicans.
Live Nation chief executive Michael Rapino, on the other hand, gave $25,000 in political donations to mostly Democratic Senate candidates and causes, records show, while the usually politically active James Dolan, chairman of Madison Square Garden Entertainment, made a single $25,000 donation this election cycle to Secure NYS PAC, a shadowy political action committee created to defeat House member Tom Suozzi (NY-D).
At Live Nation, executives donated about $387,000 to mostly Democratic candidates, a drop of about 6% compared to 2020, when executives donated $410,000.
The spending cycle comes during an unusually politically active year for the concert business, with a major ticketing reform package inching forward in Congress and the Department of Justice’s investigation of Live Nation on anti-trust grounds making its way through the courts.
Neither political cause has driven major spending by Rapino or his long-time rival Anschutz, who has once again sunk hundreds of thousands of dollars into an effort to flip the Senate over to the Republicans. Anschutz, a Colorado billionaire who made large parts of his fortune in energy, railroads and communications, has long supported groups like the National Republican Senatorial Committee. This year, Anschutz made more than 200 donations totaling $1.9 million to right-leaning political groups, the bulk of which went to political groups supporting Senate Republicans like John Cornyn, John Thune and former House Speaker Kevin McCarthy. Anschutz also spent $1.9 million during the 2016 cycle and $836,000 during the 2020 cycle.
Rapino spent considerably less than Anschutz this election cycle, with his biggest political contribution being the $10,000 he donated to Live Nation’s political action committee, which gave $200,000 to candidates from both political parties this cycle. As an individual donor, Rapino cut about $4,600 in donations to Democratic U.S. Senate candidate Jacky Rosen in Nevada and supported Adam Schiff’s campaign for Senate in California, as well as the campaigns of high-profile California House members Katie Porter and Eric Swalwell.
Meanwhile, Gregg Maffei, president/CEO of Liberty Media and the chairman of Live Nation Entertainment, spent more than $112,000 on conservative politicians and political causes, mostly supporting the presidential candidacy of Trump and Senate Republicans. That’s significantly down from the 2020 election cycle when Maffei spent $420,000 on right-wing political causes and politicians, and the 2016 cycle when he spent $324,000.
The $2.3 billion sale of ASM Global, the facility management firm that manages venues like Soldier Field in Chicago and the Coca-Cola Arena in Dubai, finally closed today, a full 10 months after it was announced that Legends was purchasing the firm from AEG and Canadian private equity firm Onex. The lengthy delay was the result of a U.S. Department of Justice investigation into Legends for allegedly violating anti-trust regulations during its review of the deal, recently disclosed documents show, which led to Legends paying a $3.5 million civil fine.
According to court records in the Southern District of New York — the same court where Live Nation is fighting a historic antitrust case against the DOJ — officials with Legends allegedly “assumed unlawful control over ASM” during a statutory waiting period that required “Legends and ASM to continue to operate as separate and independent entities while the Antitrust Division of the Department of Justice reviewed the acquisition.”
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According to a DOJ complaint, Legends won the right to manage a new arena project in San Diego that had been formerly managed by ASM Global. After winning the contract, Legends assigned some of the responsibility of the contract to ASM, despite not having completed the pre-merger review or received approval from the DOJ.
In August 2023, Legends officials again allegedly violated DOJ rules that the two firms act as separate companies when they bid for a contract in North Carolina to manage an existing entertainment complex. According to the DOJ complaint, “a senior Legends executive emailed Legends’ then-CEO noting, ‘I assume we would rather have ASM chase this?’ The then-CEO informed another executive, ‘we will find out if ASM is bidding as don’t want to both be bidding,’ and set a calendar reminder for himself tospeak with a senior ASM executive about the North Carolina RFP.” The DOJ alleges that Legends and ASM also illegally shared information on two other projects they were bidding for.
Legends was accused of violating the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and agreed to pay a $3.5 million fine, “an amount that is less than the maximum penalty permitted,” government documents reveal, noting “a lower penalty is appropriate because of Legends’ demonstrated willingness to take corrective internal action and fight allegations in court, avoiding “the costs associated with a prolonged investigation and litigation.”
Under the agreement, Legends must “appoint an antitrust compliance officer at its expense, to conduct compliance training, to certify compliance with the Final Judgment, to maintain a whistleblower protection policy, and to provide the United States inspection and interview rights to assess compliance with the Final Judgment,” the documents read.
The sale of ASM Global to Legends got rolling last year after Canadian private equity firm Onex notified AEG of its plans to sell its 35% stake in ASM. Instead of buying out Onex, AEG agreed to put the entire company up for sale. On Nov. 3, Onex and AEG jointly announced that Legends was buying ASM, creating the country’s leading venue management company.
Representatives for Legends and ASM Global did not immediately respond to requests for comment.
“The next era of Legends starts now,” said Dan Levy, CEO of Legends, in a press release issued Friday (Aug. 23). Global investment firm Sixth Streets owns majority control of Legends, with minority stakes held by subsidiaries of the New York Yankees and Dallas Cowboys. Levy, who previously worked at Meta, became CEO of Legends in April.
Ron Bension, ASM Global president/CEO, added, “One of our ASM Global mantras for a number of years has been ‘the future is now.’ By joining Legends, that future has not only arrived, but it couldn’t be brighter. The opportunities created by our companies’ collective capabilities will elevate not only the success of our partners, clients, and projects worldwide, but the industry as a whole.”
Founded in 2008, Legends now has 400 clients under management including Allegiant Stadium in Las Vegas, Caesars Superdome in New Orleans and OVO Arena Wembley in London. ASM Global will continue to operate under its current name for now.
Moelis & Company LLC and BofA Securities, Inc. served as financial advisors to Legends, while Ropes & Gray LLP and Cleary Gottlieb Steen & Hamilton LLP served as its legal counsel. Goldman Sachs and Jefferies served as financial advisors to ASM Global, while Latham & Watkins LLP, Hogan Lovells and Arnold & Porter served as its legal counsel.
On Friday (May 31), AEG chairman/CEO Jay Marciano became the first major live music executive to voice support for the Department of Justice’s effort to break up Live Nation and Ticketmaster, foreshadowing the role AEG will likely play as a key witness in the DOJ’s antitrust case against Ticketmaster.
“AEG has long maintained that Ticketmaster has a monopoly in the U.S. ticketing marketplace and uses that monopoly power to subsidize Live Nation’s content businesses,” Marciano wrote in a memo to staff May 30. Beyond its longstanding criticism that Live Nation uses its scale to overpay for talent, AEG doubled down on its attacks on Ticketmaster’s use of exclusive ticketing contracts, with Marciano telling staff that AEG and its attorneys “strongly believe that DOJ’s lawsuit will succeed and ultimately bring sweeping changes” to the live music industry.
The government interviewed dozens of Live Nation’s competitors during its two-year anti-trust investigation, including AEG — executives at AEG have met with DOJ investigators on at least three separate occasions, including a 2023 meeting to discuss the crash of the ticket presale for Taylor Swift’s The Eras Tour, which AEG promoted through its joint venture with Louis Messina.
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That puts Marciano and AEG in a rare position to galvanize public opinion and build support for his call to staff and the larger music community to help “us lay the groundwork now for the future of the industry.”
But AEG’s claims aren’t as compelling as Marciano thinks, according to Live Nation executive vp of corporate and regulatory affairs Dan Wall, who responded to Marciano’s May 30 letter with a statement alleging AEG is trying to use Live Nation’s antitrust case “to advance their own interests.”
“AEG supports this case — indeed, begged DOJ to file it — because it doesn’t want to pay artists market rates or convince venues to adopt its second-rate ticketing system exclusively,” Wall said in a statement provided to Billboard after Marciano’s statement was released.
AEG declined to comment for this story.
The battle between Live Nation and AEG dates back to the federal government’s 2010 approval of Live Nation’s merger with Ticketmaster, which the government approved by imposing a number of conditions on Ticketmaster designed to increase competition. As part of those conditions, referred to as the consent decree, the DOJ required Ticketmaster to license its source code and technology to AEG to create a competing ticketing service. The government did not address some of Ticketmaster’s more controversial tactics at the time, like the use of exclusive contracts to lock venues into long-term deals, which lies at the heart of this current conflict.
AEG only licensed Ticketmaster’s technology for a year, and in 2011 announced it was instead building a new ticketing platform called AXS with the help of Montreal firm Outbox ticketing. It took two years to switch all of AEG’s venues globally to AXS Tickets, and then AEG struggled to sign on new clients, even after merging with Veritix in 2015, and in 2019 ended up losing a major client — Altitude Sports and Entertainment — to a startup called Rival launched by former Ticketmaster CEO Nathan Hubbard.
AXS’ struggles were due in part to its ownership structure following the 2015 merger with Veritix, which divided ownership among AEG, private-equity firm TPG and Cleveland Cavaliers owner Dan Gilbert, who previously owned Veritix. In 2019, AXS’ partners began exploring a sale of the company and looked at buying Rival or being bought by Rival, deals AEG blocked thanks to AXS’ ownership rules that required unanimous consent for all material decisions. AEG also blocked a merger between AXS and CTS Eventim, a powerful European ticketing provider that was looking for an entry point in the U.S. market to compete with Ticketmaster.
Gilbert and TPG eventually agreed to sell their stakes in AXS to AEG in 2019, which by then had started to explore a new business model for the ticketer, built around non-exclusive ticketing contracts. Instead of competing with Ticketmaster to sign venues to AXS, AEG would instead focus on expanding its use of AXS ticketing for AEG-promoted tours. Both Live Nation and AEG prefer to use their own ticketing platforms for the concerts they promote because it allows the promoters to directly control the customer data.
Hoping to encourage Ticketmaster to allow AEG to use AXS whenever it brought tours to buildings ticketed by Ticketmaster, AEG offered to allow Live Nation to use Ticketmaster at the venues AEG controls, including the Crypto.com Arena in Los Angeles.
AEG would extract a similar concession from Live Nation in 2021 that would earn a mention in the DOJ’s lawsuit against Ticketmaster. On June 15 of that year, leading venue operations company ASM Global, in which AEG owned a minority stake, announced it had renewed its agreement with Ticketmaster to provide ticketing services for a majority of the 300 venues ASM manages.
The government flagged the agreement as suspicious because AEG at the time owned 30% of ASM and had “advocated for AXS to serve as the exclusive primary ticketer for the ASM Global venues,” the complaint reads. “But ASM Global’s majority shareholder, Onex, worried that Live Nation would retaliate by withholding shows from ASM Global venues if ASM Global entirely switched away from using Ticketmaster.”
A source close to the deal called the DOJ’s version of the story an “oversimplification,” noting that AEG and Onex didn’t have the right to require ASM Global clients to use one ticketing system over the other and that the majority of clients opted to stay with Live Nation. ASM did, however, convince Live Nation to grant a rare exception to its venue contracts, allowing ASM venues contracted to Ticketmaster to switch to AXS tickets for any tours AEG brought to the buildings.
In exchange, Ticketmaster paid a large advance for the multiyear contract and issued a press release, quoting ASM Global president/CEO Ron Bension saying, “Aligning with industry leaders like Ticketmaster is a critical component in providing millions of people with the most seamless and secure live experiences.”
Happy to have secured the largest carve-out in Ticketmaster’s exclusivity contract to date, AXS decided to push for more exceptions. In 2022, AEG began routing Swift’s The Eras Tour alongside its partner, Messina Touring Group. The majority of the venues on the tour were Ticketmaster-exclusive facilities, though ASM managed five of the stadiums, representing 12 shows on the 52-date trek. But two of those dates — a pair of concerts at State Farm Stadium in Glendale, Ariz. — would be ticketed by SeatGeek under its exclusive deal with the Arizona Cardinals. Making matters worse, two of ASM’s management clients decided to partner with Ticketmaster for the sale.
Down to just five shows at two stadiums, AEG dropped the matter, but not before reporting the issue to the DOJ, encouraging them to look at Live Nation and Ticketmaster’s use of exclusive contracts as anti-competitive.
After the fiasco, Live Nation chairman Greg Maffei appeared on CNBC to defend Ticketmaster and claim “AEG, who is the promoter for Taylor Swift, chose to use us because, in reality, we are the largest and most effective ticket seller in the world,” he said. “Even our competitors want to come on our platform.” AEG leadership was quick to respond. “Ticketmaster’s exclusive deals with the vast majority of venues on The Eras Tour required us to ticket through their system,” the leadership said in a statement, adding, “We didn’t have a choice.”
In the months following, AEG’s relationship with Live Nation only worsened. In January 2023, AEG announced it was backing a U.S. tour for chart-topping singer Zach Bryan who had just released a live album called All My Homies Hate Ticketmaster. The album title succinctly encapsulated decades of anti-Ticketmaster sentiment from music fans over Ticketmaster fees, pricing and indignities and AEG was eager to get in early. With AEG as his promoter, Bryan embarked on an expansive tour of non-Ticketmaster buildings, a gambit that hadn’t been attempted since Pearl Jam in the 1990s. AEG even deployed a sophisticated anti-scalping system to keep tickets out of the hands of scalpers.
Despite the tour’s success, Bryan had reached a surprising conclusion about the experience — some of his homies hated AXS tickets too.
“Everyone complained about AXS last year. Using all ticketing sites this year,” he said of his 2023 Quittin’ Time Tour, which was still being promoted by AEG but would no longer route around Ticketmaster buildings and would play all venues, regardless of which company was the ticketer.
“All my homies still do hate Ticketmaster, but hard to realize one guy can’t change the whole system,” Bryan wrote on X, formerly Twitter. “It is intentionally broken and I’ll continue to feel absolutely horrible about the cost of tickets.”
In his written response to Marciano’s letter, Wall, a former litigator for Live Nation who helped architect the 2010 consent decree, says AEG is now trying to use the legal system to compete against Ticketmaster instead of focusing on improving AXS.
Marciano contends that there are many things that the DOJ can do to level the playing field and ended his letter by encouraging his employees not to “get distracted by Live Nation spin” and instead to “prepare for a world with more competition, more innovation, artist and consumer choice, lower ticketing fees, and more music.”
AEG CEO Jay Marciano says Live Nation acts like a monopoly and agrees with the U.S. Department of Justice’s effort to break the concert giant and Ticketmaster up, according to an email Marciano sent out to employees on Friday (May 31). In the memo, the executive accuses the company of “preventing other businesses from competing” and “leaving consumers to suffer the consequences.”
In the two-page email, Marciano said the lawsuit was an important milestone for addressing alleged monopolistic behavior in the concert business, noting “the entire ecosystem of our industry” is at stake as the case winds its way through the U.S. legal system.
“Notwithstanding its claims about its profit margins or its market share, it is a monopoly, and it uses its monopoly power to impose its will on the live entertainment business,” wrote Marciano of Live Nation, later writing, “We strongly believe that DOJ’s lawsuit will succeed and ultimately bring sweeping changes.”
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Billboard obtained a copy of the email, which can be read in full below. An AEG spokesman did not respond to a request for comment regarding the letter. Live Nation had not responded to a request for comment at press time.
From: Office of Jay Marciano
No doubt all of you are closely following the ongoing media coverage in the wake of the Department of Justice lawsuit against Live Nation and Ticketmaster. As I mentioned in my note from last week, we spent the last few days carefully reviewing the DOJ filing, as well as Live Nation’s subsequent response to the complaint.
AEG has long maintained that Ticketmaster has a monopoly in the U.S. ticketing marketplace and uses that monopoly power to subsidize Live Nation’s content businesses, preventing other businesses from competing in those areas and leaving consumers to suffer the consequences. This lawsuit is not simply DOJ suing to break up a monopoly; at stake is the entire ecosystem of our industry, one that has long suffered from a badly broken ticketing model. As you know, the cornerstone of Live Nation’s monopoly is Ticketmaster’s exclusive ticketing contracts with the vast majority of major concert venues in the United States. These agreements block competition and innovation and result in higher ticketing fees, denying artists the ability to choose who will ticket their shows and how much their fans should pay.
Following the DOJ filing, Live Nation issued several public comments in service of its ongoing strategy to maintain its dominance – unfairly blaming others for industry problems they have created, making false and misleading statements, and dismissing the significance of the case. Artists, venues, and brokers are not responsible for the broken live entertainment business model in this country – that responsibility lies with Live Nation. Notwithstanding its claims about its profit margins or its market share, it is a monopoly, and it uses its monopoly power to impose its will on the live entertainment business. Live Nation may claim that its margins on promotion are low, but that’s only because it deploys the excessive profits of its ticketing monopoly to outspend what the concert market can profitably sustain. Live Nation does this with the goal of removing competitors from the business and in turn using its continued control of content to preserve a stranglehold on ticketing through venue exclusives.
The DOJ’s case is serious and reflects widespread sentiment among 30 attorneys general from across the country, numerous media outlets, industry commentators, consumer groups, and antitrust experts that Live Nation’s conduct violates the law and harms competition and consumers. While it may take some time, we strongly believe that DOJ’s lawsuit will succeed and ultimately bring sweeping changes resulting in increased competition and more innovation and choice that benefits fans, artists, and ourentire industry. DOJ’s lawsuit means that artists will have a choice in who tickets their concerts, that the ticketing fees consumers pay will be lower, and ultimately that artists and fans will have access to what we all want: more and higher quality live entertainment experiences at a price that fans can afford. We look forward to each and every one of you helping us lay the groundwork now for the future of the industry.
Let’s not get distracted by Live Nation spin. Instead, let’s stay focused on continuing to execute at the highest level, and preparing for a future state of the industry: a world with more competition, more innovation, artist and consumer choice, lower ticketing fees, and more music.Jay
AEG Presents, a global leader in live music and events, announced Friday (May 10) that Brent Fedrizzi, who currently serves as co-president and COO of AEG Presents’ Rocky Mountains and Pacific Northwest regions, has been named president, North American regional offices.
Fedrizzi’s promotion follows Rick Mueller’s exit from the company, which the former AEG Presents president for North America announced earlier this week.
Fedrizzi, who will continue to be based out of Denver, is set to guide the company’s 100 U.S. venues – including the 50 owned and operated clubs and theaters in the AEG Presents portfolio – in all aspects of talent buying and promotion, as well as overseeing its 12 regional offices. He will report to AEG Presents chairman and CEO Jay Marciano and will join the company’s executive committee.
“I’ve known Brent for close to 30 years and have worked with him almost as long, so it’s especially gratifying to make this announcement,” said Marciano in a release. “He has a vision, a drive, and an insight into our business that’s been forged over his many years promoting events in every type of venue across the western United States. As co-president of our Rocky Mountain region, his feel for the business is a key reason AEG Presents is the dominant promoter in the market and the Denver office is one of our top performers. Simply put, he’s the right person for the job.”
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“When Jay and I first spoke about this opportunity, I jumped at the chance to work more closely with him, the regional team, and the company as a whole,” Fedrizzi said. “I’m excited for the challenge ahead, and I can’t wait to dive in; there’s never been a more exhilarating time in live events. I’m grateful for the trust Jay has put in me to guide the business into the future; the ability to do so with the people and the company I love is icing on the cake.”
A Colorado native, Fedrizzi began his career in 1991 at the Fey Concert Company in Denver, booking artists at various venues across the Rockies and the Southwest. In 1998, he joined forces with Chuck Morris and Don Strasburg to launch Bill Graham Presents/Chuck Morris Presents in the market. Through a series of acquisitions including SFX and Clear Channel Entertainment, that company would eventually become Live Nation in 2005. Fedrizzi remained there for nine years before leaving with Morris and Strasburg to join AEG Live as COO of the Rocky Mountain region. They quickly established themselves as the dominant force in one of the most competitive and active live music markets in the country and now promote more than 1,100 events annually at a variety of venues including Mission Ballroom, Red Rocks Amphitheatre, Fiddlers Green Amphitheatre and Ball Arena, among many others.
In addition to his work at AEG Presents, Fedrizzi is a board member and four-time president of the North American Concert Promoters Association, a four-time Academy of Country Music award nominee, and a nominee for International Entertainment Buyers Association’s promoter of the year. He currently serves as chairman of the board for Visit Denver and sits on the board of the Colorado Music Hall of Fame.