Entertainment Giant AEG Reveals Layoffs Amid Pandemic
The world’s second-largest live entertainment giant, AEG Presents, has officially announced pay cuts across the company. According to a memo from CEO Jay Mariano, which was obtained by Variety, the company will implement a combination of layoffs, furloughs, and paycuts. The extent of the layoffs were unclear, though Marciano... Read more
AEG To Allow Ticket Refunds Within 30-Day Window
Concert promoter AEG Presents revealed a refund window for fans to receive funds from rescheduled events due to coronavirus. According to Billboard, a representative from AEG said that ticketholders will have 30 days following an event’s postponement to receive a refund from the promoter. This window will be implemented... Read more
AEG Presents Alters Colorado Events Scheduled Through July
One of the nation’s largest concert promoters, AEG Presents, announced cancellations for concerts throughout May, June, and July in Colorado. Due to the state’s mandate prohibiting mass gatherings, AEG Presents moved or cancelled various shows at venues like the 1st Bank Center, the Bluebird, the Ogden and the Gothic... Read more
AEG Senior VP Leaves Company After 17 Years
Mark Shulman, Senior Vice President at AEG’s The Bowery Presents, has announced his departure from the company. Shulman had served 17 years with AEG, 14 of which came in developing the New York and Philadelphia music scenes as a promoter. He spent the last three years with The Bowery... Read more
Columbus Concert Promoter Bought By AEG Presents
One of the largest concert promoters in the world, AEG Presents, has bought out the Columbus concert promoter Promo West Productions. While details of the purchase were not disclosed by privately held companies, a source close to the deal said that the purchase was more than Promo West’s $40... Read more
Report: AEG, Azoff MSG End Contentious “Block Booking” Fight
Billboard is reporting that AEG Presents has stopped its practice of “block booking” London’s O2 Arena with the Staples Center in Los Angeles, a measure that will likely end a lawsuit brought by Ozzy Osborne arguing that the practice violated anti-trust rules. Chief Executive Jay Marciano told Billboard that... Read more