MUSIC NEWS - AEG Live CEO, Randy Phillips, who was sued in connection with Michael Jackson's death, has gotten the boot after a decade as chief executive officer of AEG Live under a restructuring plan by its parent compnay AEG, the sports and entertainment giant announced Monday. Anschutz Entertainment Group has ended its relationship with Mr Phillips, a company statement said giving no reason for the move.
The statement didn't say Phillips was fired, and did not mention that he had resigned or retired. Last year Phillips had signed a five-year contract to remain as president and CEO of the world's second-largest concert company.
AEG stated it was restructuring AEG Live and Jay Marciano was bumped from chief operating officer to chairman and will assume a more active role in the management of that division, AEG said. Mr Marciano will oversee a Los Angeles-based executive team led by Paul Tollett, John Meglen, Shawn Trell and Rick Mueller.
Phillips became CEO in 2002 and under his leadership, AEG Live handled concert tours for many top artists, such as Justin Bieber and Taylor Swift. AEG had been working with Michael Jackson on a planned comeback tour before his death in 2009.
Phillips initially was a defendant in the lawsuit filed by Jackson's family that contended AEG negligently hired Murray. Phillips was later dropped from the case, which AEG finally won. Phillips testified at Murray's trial.
AEG owns the Staples Center area in downtown L.A. as the Los Angeles Kings hockey team, Los Angeles Galaxy and Houston Dynamo soccer teams, and other venues and teams. The new restructuring follows the resignation of Tim Leiweke, AEG's president and chief executive, in March 2013 after AEG announced it was cancelling plans to sell the company.