Posted in industry | music on September 12, 2013

Irving Azoff
Irving Azoff

Former Live Nation head Irving Azoff has teamed with the
Madison Square Garden Company (MSG) for a new music venture called Azoff MSG Entertainment. Forbes reports that MSG agreed to pay Azoff Music Management $125 million and contribute a $50 million line of credit for the new company. Not a record company in the old school sense, AMSGE offers 360 Deals which encompass all aspects of their careers. Writes Forbes:

What makes this venture interesting is that the company will have four divisions; artist management, music publishing, television production and live event branding, and digital branding. Couple that with the many venues owned by MSG that could host concerts with the company's artists, and you have a look at what the new world record major label looks like.

For the record, Azoff and MSG chairman James Dolan aren't calling this a record label, but they don't have to. It's an outdated term for an outdated concept anyway. The traditional record label combined talent scouting, artist development, distribution and marketing, but each of those operations have changed substantially in the new millennium. Record labels now have fewer A&R talent scouts than ever, and in this one-failure-and-done atmosphere we live in, artist development is merely a nice term with little execution. Couple that with a dying brick and mortar music retail business and companies that market really well in media that mostly doesn't matter nearly as much to music consumers as it once did, and you can see that something in the way the current music business is run has to change. - [Forbes]



Comments (20)

I wonder what's on his ipod?

Posted by Anonymous | September 12, 2013 4:53 PM

Screw this crap.

Posted by Anonymous | September 12, 2013 5:00 PM

4:53 diversity from track to track!

Posted by Anonymous | September 12, 2013 5:01 PM

any band that signs to a deal to a james dolan owned company is dumb as fuck

Posted by Anonymous | September 12, 2013 5:02 PM

Great, first the Jews did 9/11 and now this

Posted by Anonymous | September 12, 2013 5:02 PM

Anything associated with Gramp's, or any other old fogey, is living in the past. Fresh blood.

Posted by Anonymous | September 12, 2013 5:31 PM

@5:02 (2) - the occasional gem that makes the comments section here worth checking out.

Posted by Anonymous | September 12, 2013 6:46 PM

Looks like a child molester.

Posted by Anonymous | September 12, 2013 11:01 PM

Azoff 2 U 4 dis bro

Posted by Anonymous | September 13, 2013 12:30 AM

"Gramps" is one of the most powerful people in the music industry. He is one of the major reasons why concert ticket prices are so high now. He set the precedent for bands charging 100+ when he managed the Eagles. Also, as CEO of Ticketmaster, he encouraged the idea of the 'secondary market'. Douche.

Posted by Anonymous | September 13, 2013 6:26 AM

Irving told David Geffen to go fuck himself over the Eagles, so he's alright in my book.

Posted by Anonymous | September 13, 2013 8:40 AM

Who came up with charging thousands for seats at a Cream reunion concert? That blows this dude's work away, at least price wise.

Posted by Anonymous | September 13, 2013 9:16 AM

9:16 you gotta put that pipe down now and then. I paid a whole lot less than "thousands" for my seats for the Cream reunion show at MSG. I was about 10 rows off the floor about halfway back, and I asked the people around me what they paid and it was the same as me. So, nice try but please use actual facts next time instead of just pulling shit out of the air to support your "point"

Posted by Anonymous | September 13, 2013 9:24 AM

9:16, Irving set the precedent for charging lots of money for a rock concert. Everyone else followed suit, and tried to one-up each other.

Posted by Anonymous | September 13, 2013 1:50 PM

This guy with be the man who kills rock music.

Posted by Anonymous | September 13, 2013 10:24 PM

AY AY EZOFF with the MSG there Szechuan Diner!

Posted by Anonymous | September 15, 2013 5:42 AM

I believe this guy has a ton of money:D

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