The family of the pop star had filed a wrongful death suit in 2010 against entertainment giant Aeg. The nation’s second-largest concert promoter, which has its hands in more than 100 global arenas and stadiums and numerous sports teams, hired Michael Jackson for a massive comeback tour that was to launch in summer 2009. Jackson died that June of an overdose of the anesthetic propofol, and his doctor Conrad Murray eventually was convicted of involuntary manslaughter and is serving two years in prison. The verdict concludes the 21-week trial that captivated the likes of Hln and truTV, with the jury ruling just now that while Aeg hired Murray, the company did not contribute to Jackson’s death. Aeg’s lawyers argued it had no way of knowing Murray was a risk when he was hired. “I am pleased that the jury recognized that this lawsuit was without merit, and the entire Aeg...
- 10/2/2013
- by THE DEADLINE TEAM
- Deadline TV
Philip Anschutz has taken sports and entertainment powerhouse Aeg off the market and announced a switch in leadership. CEO Tim Leiweke is exiting the company "by mutual agreement," and its new president is Dan Beckerman, who moves up from CFO and COO. “From the very beginning of the sales process, we have made it clear to our employees and partners throughout the world that unless the right buyer came forward with a transaction on acceptable terms, we would not sell the company,” Anschutz said in a statement Thursday from his Denver headquarters. Aeg also announced several other personnel moves Wednesday.
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- 3/14/2013
- by Alex Ben Block
- The Hollywood Reporter - Movie News
So much for Anschutz’s dream to make a $10B or so deal that could revamp the live entertainment business. The Anschutz Company just pulled the plug on the auction process that began in September to sell its sprawling sports and entertainment unit Anschutz Entertainment Group that has its hands in more than 100 global arenas and stadiums, numerous sports teams worldwide and is No. 2 in the world behind Live Nation in live concert promotions. Philip Anschutz “will resume a more active role” especially with its “world-wide strategy and operations,” the company says. And Tim Leiweke is leaving as CEO, the job he has held since 1996, to be replaced by Dan Beckerman, who was COO and CFO. The new chief says that “Priority projects going forward include the development of Farmers Field adjacent to our L.A. Live campus and the pursuit of our plan to bring the NFL back to Los Angeles,...
- 3/14/2013
- by DAVID LIEBERMAN, Executive Editor
- Deadline TV
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