According to the New York Post, the board of Live Nation were due to meet yesterday to discuss the previously reported resignation of Michael Cohl as chairman of the board and CEO of the live music conglom's Live Nation Artists division. On the agenda was whether Cohl, a major shareholder in the firm, had any 'rights' associated with the headline grabbing deals he had negotiated between Live Nation and Madonna and Jay-Z. Elsewhere there are reports of confusion within the Live Nation Artists division as to what Cohl's departure means, with some saying the division hired too many staffers given that the firm won't be working with either Madge or Mr Z on recording projects until at least 2010. Post-Cohl departures are expected.
Jun 26, 2008
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1 min read
Live Nation board discuss Cohl departure
Live Nation's board was due to discuss the reported resignation of Michael Cohl as chairman and CEO of Live Nation Artists, including whether he holds rights to the Madonna and Jay-Z deals he negotiated.