Irving Azoff Teams With Jim Dolan’s Madison Square Garden In New Entertainment Venture

The longtime music manager will be CEO of Azoff MSG Entertainment, which vows to develop “artist-friendly and, as a result, fan-friendly projects” in music, TV, and digital media. Irving Azoff will own 50% by folding in Azoff Music Management, where he’ll continue to handle clients including the Eagles, Steely Dan, Van Halen, and Christina Aguilera. Madison Square Garden will kick in $125M for its 50% and will provide as much as $50M in revolving credit loans. Outside of music management, Azoff and MSG Executive Chairman Jim Dolan see themselves largely as a source of venture capital. “We don’t know what the next big thing is going to be, but we want our phone to ring so we get a chance to help find it and nurture it,” Azoff tells me. “This was a dream we had to have a place where we could move quickly.”

Related: Madison Square Garden Plans $100M Revamp Of The Forum
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This article was printed from https://deadline.com/2013/09/irving-azoff-teams-with-jim-dolans-madison-square-garden-in-new-entertainment-venture-578308/