Former Live Nation MD may be planning AEG JV

Former Live Nation UK MD Stuart Galbraith who, as previously reported, was fired last week, is reportedly planning a new joint venture with Live Nation's main rivals AEG, which would confirm Music Week's report that the "breach in contract" Live Nation cited for sacking Galbraith related to business talks he was having with their competitor. Galbraith himself remains tight lipped on his future plans, except to confirm that there are plans in the making. Music Week has now quoted another insider who says: "As far as I know, AEG wants a joint venture with Galbraith running it. However, he has a non-competitive clause so there will be an exclusive period where he will not be able to work with a competitor to Live Nation". Regarding Live Nation's breach of contract claims, Galbraith has told Music Week the matter "is now in the hands of my lawyers".