
| Live Nation Consolidates North American Operations |
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January 24, 2007
Live Nation has reorganized its North American business operations in order to bring its concert promotion, venue operation and sponsorship and alliances businesses under a single division. The company has consolidated these North American operations under the leadership of Bruce Eskowitz, who has been promoted to the newly created position of CEO - North American Music. In this role, Eskowitz will direct the North American local and national live music strategy. He will also oversee the management and expansion of the House of Blues clubs division, as well as the ongoing expansion of the company's venue portfolio into the small and midsize level.
"This reorganization reflects the evolution of our structure to focus on our core live music business," said Live Nation CEO Michael Rapino. "Our concert division is the engine that drives music fans to our local market venues which, in turn, generates sponsorship and alliances revenue for us. By uniting our concert booking division with our venues and alliances division under common leadership, we believe we will better align the divisions' agendas and achieve better results."
Eskowitz commented, "I look forward to taking on this increased responsibility and working to build Live Nation into the most successful live music company in the world. While we will continue to have executives dedicated to each of the concert promotion, venue management and alliances businesses within North American Music, operating these businesses together under one division will create a unified strategy and significant synergy."
Live Nation also announced several other promotions in connection with the reorganization. Jason Garner has been named President of North American Concerts, where he will oversee concert promotion activities in the U.S. and Canada. Russell Wallach has been named President of Alliances, overseeing all national and local sponsorship activities. Don Watson has been promoted to EVP of House of Blues, overseeing the clubs and expansion. And David Shuman has been named EVP of North American finance.
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