July 30, 2016 11:31 AM ET

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Company Overview of Azoff MSG Entertainment LLC

Company Overview

Azoff MSG Entertainment LLC provides artist management, music publishing, and entertainment content production services. The company was founded in 2013 and is based in the United States. Azoff MSG Entertainment LLC operates as a joint venture between Azoff Music Management, LLC and The Madison Square Garden Company.

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United States

Founded in 2013

Key Executives for Azoff MSG Entertainment LLC

Chairman and Chief Executive Officer
Age: 68
Compensation as of Fiscal Year 2016.

Azoff MSG Entertainment LLC Key Developments

Tim Leiweke and Azoff MSG Entertainment Join Forces to Launch Oak View Group (OVG)

Tim Leiweke and Azoff MSG Entertainment announced the launch of their new venture, the Oak View Group (OVG), a global advisory, development and investment company for the sports and live entertainment industry that will be based in Los Angeles. Leiweke, OVG's Founder, will serve as the company's CEO and Irving Azoff will bring his extensive network of relationships and experience to the business as a board member. The Alliance will provide its members with unprecedented scale and resources to realize considerable added value through sponsorship optimization, untapped revenue streams, insights and access to premier sports and live entertainment content.

Azoff MSG Entertainment LLC and Entertainment Ventures LLC Announce Amendment to Loan Facility

On September 12, 2014, the loan agreement by and between Azoff MSG Entertainment LLC and Entertainment Ventures LLC dated September 20, 2013, was amended to increase the loan facility from $50 million to $100 million. The increase was unanimously approved by the company's board of directors. The company acquired its 50% interest in AMSGE on August 30, 2013. The purpose of the investment was to form a strategic partnership that brings together the expertise and capabilities of each partner, with the goal of jointly entering into attractive new businesses that generate revenue, cash flow, and asset value for shareholders. The original $50 million loan facility to AMSGE was put into place to fund growth from acquisitions and organic development.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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