There have been more reports in the US media that live music veteran Michael Cohl is about to resign his two positions at live music conglom Live Nation - Chairman of the board and CEO of Live Nation Artists, the division of the company set up to manage the multi-dimensional deals recently done with Madonna and Jay-Z.
As previously reported, Cohl's departure reportedly follows disagreements between him and the live music firm's overall CEO Michael Rapino about how to pursue future so called 360 degree deals with both new and established artists. The Wall Street Journal has reported Cohl could go as early as next week.
It's not clear what Cohl's departure would mean for him or Rapino. Given Cohl is Live Nation's biggest single shareholder he could continue to make life tricky for Rapino even once he's not working for the firm. Meanwhile Cohl will also be constrained because he is tied to a non-compete agreement with Live Nation that stems from their acquisition of his company CPI and which reportedly has eight years still to run.
Live Nation is yet to comment on the matter.