Randy Phillips Out At AEG Live In Management Shake-Up

The wording of AEG’s release about the restructuring is bitter cold: The company “has ended its relationship with Randy Phillips, the CEO of AEG Live, and is restructuring the management of that live entertainment subsidiary” it said. There’s no word of thanks — or anything about what happened, or will happen, with Phillips, who joined AEG Live in 2002 and last year signed a five-year contract. The announcement says that Jay Marciano, who was COO, is now chairman and will oversee a team in LA of Paul Tollett, John Meglen, Shawn Trell and Rick Mueller. “I look forward to my greater involvement with the enormously talented AEG Live Team in continuing to invest and grow one of AEG’s most important divisions,” Marciano says. Billboard’s industry specialist Ray Waddell reports that AEG is the world’s No. 2 concert promoter, behind Live Nation, and has grossed $1.1B in ticket sales so far this year with tours including Bon Jovi, the Rolling Stones, Justin Bieber, Carrie Underwood, Taylor Swift and Kenny Chesney. (more…)

This article was printed from https://deadline.com/2013/11/randy-phillips-out-at-aeg-live-in-management-shake-up-643216/