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☆ Meet the diehard music fan who runs one of the world's busiest arenas
▼ + stars: | 2024-04-20 | by ( Chris Johnston | ) www.businessinsider.com time to read: +7 min

London's O2 Arena is one of the world's busiest and sold a record 2.5 million tickets last year. The venue is managed by Steve Sayer, a music fan who previously worked for Manchester City. The O2 Arena presents comedy, boxing, UFC, esports and even monster trucks as well as music. AdvertisementIt may not be the world's most famous, but London's O2 Arena is now one of the busiest. Elton John on his "Farewell Yellow Brick Road" Tour at the O2 Arena in April 2023.

Persons: Steve Sayer, —, Tom Jones, James Bond, Jason Derulo, Luke Dyson Sayer, Ateez, Olivia Rodrigo, Noah Kahan, Prince, Sayer, Elton John, Monty Python, Adele, Simone Joyner, they're, Philip Anschutz, Dua Lipa, Karwai Tang, Joseph Okpako, there'd, that's, Madonna, Kevin Mazur AEG, It's, Liam Gallagher, Girls, Billy Joel's Organizations: London's O2, Manchester City, O2 Arena, UFC, Service, O2, AEG, London, AEG Europe, Billboard, The O2, WWE, Gorillaz, National Health Service, Qatar Airways, Madison Locations: Manchester, Paris, Berlin, Hamburg, Dua, London, New, COVID

☆ Singapore brokered a deal with Taylor Swift, so she wouldn't take the Eras Tour to other Southeast Asian countries. Now, a Philippines lawmaker is calling it out.
▼ + stars: | 2024-03-02 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

Read previewThere's a feud between Singapore and neighboring government officials — and it's all down to Taylor Swift. "Some $3 million in grants were allegedly given by the Singapore government to AEG to host the concert in Singapore. AdvertisementFans of US singer Taylor Swift arrive for the first of the pop star's six sold-out Eras Tour concerts at the National Stadium in Singapore on March 2, 2024. Taylor Swift performs at the National Stadium on March 2, 2024 in Singapore. He claimed he was told the Singapore government offered $2 million to $3 million per show in exchange for exclusivity.

Persons: —, Taylor Swift, Joey Salceda, Swift, Salceda, Rosland Rahman, Ashok Kumar, Srettha Thavisin, Angel Zhong Organizations: Service, Business, Philippines, Department of Foreign Affairs, Singapore, AEG, The Straits Times, Getty, GMA Network, Association of South East Asian Nations, Sky News, BBC News, CNA, Finance, RMIT University, Forbes Locations: Singapore, Philippines, Southeast Asia, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Vietnam, Bangkok, Thailand

☆ Detroit Lions ticket prices are going through the roof as rare playoff run stimulates local economy
▼ + stars: | 2024-01-19 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

And the entire Detroit economy is cashing in on the team’s rare playoff success, not just the ticket vendors. Normally closed on Sundays in January, Vertical Detroit was jam-packed last Sunday to host fans before the Lions game. Detroit Lions quarterback Jared Goff walks off the field after an NFL wild-card playoff football game against the Los Angeles Rams, Sunday, Jan. 14, 2024, in Detroit. ‘Trying to rebuild the city’This weekend’s Lions playoff game, airing on NBC, will once again put Detroit in the national spotlight. A boost to tourism from an unlikely spot — the Detroit Lions — should help support that comeback.

Persons: That’s, Eminem, ”, Tyler Theile, Remy Lutfy, ” Lutfy, Jared Goff, Paul Sancya, Taylor Swift, Matt Ferrel, ” Ferrel, Henry Ford, Ford Hamp, ” Theile, Lutfy, “ We’ve Organizations: CNN, Lions, Super, Tampa Bay Buccaneers, San Francisco 49ers, Dallas Cowboys, The Lions, Detroit, Anderson Economic, AEG, Detroit Lions, NFL, Los Angeles Rams, “, Ford, Firestone, NBC, steakhouse Locations: Detroit, TickPick, City

[1/5] Bill Ford, executive chairman of Ford Motor Company, speaks at their Rouge Visitor Center in Dearborn, Michigan, U.S. October 16, 2023. "We can stop this now," Ford said of the strike that expanded last week to shut down the Kentucky plant. UAW President Shawn Fain replied with a statement warning Ford that the union could "close the Rouge" with a strike. The UAW's walkout at Kentucky Truck, Ford's largest and most profitable assembly operation globally, "harms tens of thousands of American workers," Ford said. On Friday, Fain accused Ford of trying to game the talks with inadequate offers and insisted Ford sharply boost compensation.

Persons: Bill Ford, Jeff Kowalsky, Ford, Shawn Fain, Fain, We’ve, Henry Ford, Jim Farley, Harley Shaiken, Shaiken, Stellantis, Joseph White, David Shepardson, Ben Klayman, Franklin Paul, David Gregorio, Grant McCool Organizations: Ford Motor Company, Rouge Visitor, Ford Motor Co, REUTERS, Acquire, Rights, Monday, United Auto Workers, UAW, Ford, General Motors, Chrysler, Detroit Three, Anderson Economic Group, AEG, Toyota, Honda, U.S, Kentucky, University of California, GM, Thomson Locations: Dearborn , Michigan, U.S, Rights DEARBORN , Michigan, Kentucky, American, Stellantis, East Lansing , Michigan, University of California Berkeley, Dearborn

☆ How AEG is changing the festival demographic
▼ + stars: | 2023-10-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow AEG is changing the festival demographicCNBC's Julianna Tatelbaum explores how live music events company AEG Presents is changing the festival offering to appeal to a wider audience beyond the 18-30 demographic.

Persons: Julianna Tatelbaum Organizations: AEG

☆ How brand partnerships are helping shape AEG's festival experiences
▼ + stars: | 2023-10-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow brand partnerships are helping shape AEG's festival experiencesCNBC's Julianna Tatelbaum uncovers the importance of brand collaborations to AEG's festival experiences and looks at why marketers are favouring partnerships over sponsorships

Persons: Julianna Tatelbaum

☆ A UAW strike could drive up inflation, push Michigan into a recession, and even hurt Biden in the election
▼ + stars: | 2023-09-11 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

A United Auto Workers union strike could occur as soon as Friday. A 10-day strike could cost the economy $5.6 billion and hurt Biden in the election. A 10-day strike of over 143,000 workers could reduce the nation's gross domestic product by $5.6 billion, AEG found, which could push Michigan into a recession. Despite a lack of inventory, industry profits skyrocketed, even though 2022 was the worst year for sales for the auto industry in over a decade. A UAW strike could damage the Fed's progress in bringing inflation down to its 2% target.

Persons: Biden, Power, Shawn Fain, Fain, Joe Biden's, Wally Adeyemo, Biden's, Brian Sullivan Organizations: United Auto Workers, UAW, Ford, GM, Service, General Motors, Anderson Economic, AEG, Michigan, Deutsche Bank, Reuters, Bloomberg, CNBC Locations: Wall, Silicon, Detroit, Michigan, Wisconsin

☆ What Wall Street needs to know about UAW talks, a potential strike, and what it could all cost
▼ + stars: | 2023-08-18 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

AEG estimates the total economic loss by calculating potential losses to UAW workers, the manufacturers and to the auto industry more broadly if the sides cannot reach tentative agreements before the current contracts expire. $825 millionThe UAW has more than $825 million in its strike fund, which it uses to pay eligible members who are on strike. The strike pay is $500 per week for each member – up from $275 in 2022. Assuming 150,000 or so eligible workers, that's all-in weekly strike pay of about $75 million. The UAW is scheduled to hold a procedural strike authorization vote next week, which would grant union leaders the ability to strike, if warranted.

Persons: Michael Wayland, Warren Buffett's Berkshire Hathaway, Shawn Fain, there's, Melissa Atkins, Kristin Dziczek, Rebecca Cook, Stellantis, Fain, Joe Biden, Leah Millis Organizations: United Auto Workers, General Motors, Hamtramck Assembly, CNBC DETROIT, U.S, GM, Ford Motor, New UAW, UAW, Detroit, Bloomberg News, Federal Reserve Bank of Chicago's, Sterling Heights Assembly, Center for Automotive Research, Fiat Chrysler, Ford, Anderson Economic Group, AEG, Deutsche Bank, Reuters Locations: Detroit, Hamtramck, Omaha, Federal Reserve Bank of Chicago's Detroit, Sterling Heights, Sterling Heights , Michigan, U.S, Michigan, Warren , Michigan

☆ Looming auto workers strike could cost $5 billion in just 10 days, new analysis says
▼ + stars: | 2023-08-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

United Auto Workers members on strike picket outside General Motors' Detroit-Hamtramck Assembly plant in Detroit with Sen. Bernie Sanders, of Vermont, far left, Sept. 25, 2019. "However, with current inventories hovering around only 55 days, the industry looks different than it did during the last UAW strike." The automaker said the strike cost it about $3.6 billion that year in earnings. He said the union has no plans to extend the current contracts to allow for bargaining to continue without a strike, which was previously common practice. AEG's estimates do not include UAW strike pay or assessments for strike pay, unemployment benefits or unemployment taxes, income taxes on wages and other potential effects such as settlement bonuses.

Persons: Sen, Bernie Sanders, Tyler Theile, hasn't, Patrick Anderson, Shawn Fain, Tom Narayan, GM's Organizations: United Auto Workers, General Motors, Hamtramck Assembly, DETROIT, Detroit's Big, UAW, Ford Motor, Anderson Economic Group, AEG, Consumer, Detroit automakers, GM, Automotive Press Association, Ford, RBC Capital Locations: Detroit, Hamtramck, Vermont, Michigan

☆ Meet the world's secretive billionaires who give stealth wealth a whole new meaning, from Ike Perlmutter to Philip Anschutz
▼ + stars: | 2023-08-16 | by ( Madeline Berg | ) www.businessinsider.com time to read: +1 min

He's been called "America's most reclusive billionaire." Meet Philip Anschutz, who has been dubbed "America's most reclusive billionaire." The 83-year-old owns Anschutz Entertainment Group, or AEG, which is the parent company of Coachella. "Anschutz is sort of like the Wizard of Oz," Los Angeles economist Jack Kyser told the Los Angeles Times in 2006. Nobody sees him, yet he has a huge impact on Los Angeles."

Persons: Philip Anschutz Philip Anschutz, He's, Reed, You've, Philip Anschutz, Anschutz, William Herbert Hunt, Oz, Jack Kyser Organizations: Reed Saxon, Forbes, Anschutz Entertainment Group, AEG, Coachella . AEG, Wyoming -, Mobil, Rio Grande Railroad, Southern Pacific Railroad, Anschutz, Bloomberg, Los Angeles Times Locations: Coachella, Wyoming, Wyoming - Utah, Rio Grande, Angeles, Los Angeles

☆ UPS and Teamsters Union reach tentative labor deal
▼ + stars: | 2023-07-25 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

FILE PHOTO: UPS workers, who are members of the Teamsters Union, take part in a 'practice picket line' ahead of an upcoming possible strike, outside of a UPS Distribution Center in Brooklyn, New York, U.S., July 14, 2023. REUTERS/Brendan McDermid/File Photo(Reuters) -UPS has reached a tentative five-year labor deal with the Teamsters Union that represents about 340,000 U.S. workers at the parcel delivery firm, the company said, sending its shares up 2.3% on Tuesday. A 10-day strike at UPS could have cost the U.S. economy more than $7 billion, a think tank specializing in the economic impact of labor actions said. UPS currently handles about 20 million packages a day - about quarter of the parcel shipments in the United States. The tentative contract deal must now be ratified by the workers.

Persons: Brendan McDermid, Sean M, O’Brien, Carol Tomé Organizations: Teamsters Union, UPS, REUTERS, FedEx, Anderson Economic Group, AEG Locations: Brooklyn , New York, U.S, Michigan, United States

That estimate from Michigan-based Anderson Economic Group (AEG) includes UPS customer losses of $4 billion and lost direct wages of more than $1 billion. A 15-day UPS strike in 1997 disrupted the supply of goods, cost the world's biggest parcel delivery firm $850 million and sent some customers to rivals like FedEx (FDX.N). Roughly 340,000 union-represented UPS workers handle about a quarter of U.S. parcel deliveries and serve virtually every city and town in the nation. A strike could delay millions of daily deliveries, including Amazon.com (AMZN.O) orders, electronic components and lifesaving prescription drugs, shipping experts warned. In fiscal 2019, GM's fourth-quarter profit took a $3.6 billion hit from a 40-day UAW strike that shut down its profitable U.S. operations.

Persons: Patrick Anderson, Anderson, GM's, Bruce Chan, Chan, Lisa Baertlein, Priyamvada, Pooja Desai, Jonathan Oatis, David Gregorio Our Organizations: United Parcel Service, Anderson Economic Group, AEG, UPS, FedEx, stoke, International Brotherhood of Teamsters, Teamsters, Consumers, UAW, Teamster, Thomson Locations: U.S, Michigan, Los Angeles, Bengaluru

☆ The owner of Coachella was once dubbed 'America's most reclusive billionaire.' Meet Philip Anschutz, who's worth $10.9 billion.
▼ + stars: | 2023-04-21 | by ( Katie Warren | Elana Klein | ) www.businessinsider.com time to read: +1 min

American businessman Philip Anschutz is worth $10.9 billion, according to Forbes, after decades building his fortune across multiple industries. Shaun Clark/Getty ImagesCoachella Valley Music and Arts Festival, the music festival currently underway in Indio, California, is owned by Anschutz, an 83-year-old billionaire businessman whom The New Yorker once called "the man who owns LA." He owns Coachella through his company, the Anschutz Corporation, and one of its subsidiaries, Anschutz Entertainment Group (AEG). AEG owns several athletic teams, operates more than 90 clubs and theaters around the world, and produces or supports more than 25 music festivals. Take a look at how the billionaire makes and spends his fortune.

☆ Taylor Swift's tour promoter says it had no choice but to work with Ticketmaster
▼ + stars: | 2022-11-22 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Taylor Swift's tour promoter is shifting blame for the botched "Eras" ticket sale squarely onto Ticketmaster, potentially fueling even more concerns about the Live Nation-owned ticket seller's dominant role in the industry. AEG Presents, the company in charge of handling Swift's upcoming tour, has rejected claims made by Ticketmaster and Live Nation's largest shareholder, Liberty Media, that the promoter chose to work with the ticketing site. Lawmakers, like Rep. Alexandria Ocasio-Cortez, D-N.Y., called for more oversight on Live Nation, which merged with Ticketmaster in 2010, expressing antitrust concerns. They have called on the Department of Justice to investigate Ticketmaster and Live Nation for "hiking up ticket prices" and "charging rip-off junk fees." On Friday, The New York Times reported the Justice Department had already opened an antitrust investigation into Live Nation's practices prior to the Swift ticket sale fiasco.

☆ Ticketmaster expected 1.5 million 'verified' Taylor Swift fans on the site but 14 million people were trying to get tickets, Live Nation chairman says: 'We could have filled 900 stadiums'
▼ + stars: | 2022-11-17 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

Ticketmaster was only supposed to be opened to 1.5 million "verified" Taylor Swift fans for presale. Live Nation's chairman said 14 million people tried to get tickets, and could've filled 900 stadiums. "Despite all the challenges and the breakdowns, we did sell over 2 million tickets that day," Live Nation's Greg Maffei said. However, among the 14 million fans were bots, "which are not supposed to be there," Maffei said. Maffei said Ticketmaster attempted to build "capacity for peak demand," but Swift's ticket sales "exceeded every expectation."

☆ Ticketmaster's largest shareholder blames massive demand − including from bots − for Taylor Swift ticket fiasco
▼ + stars: | 2022-11-17 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Live Nation is sympathetic to fans who couldn't get tickets, Greg Maffei said on CNBC's "Squawk on the Street" Thursday. "It's a function of Taylor Swift. Liberty also said it would create a new stock called Liberty Live, which will include its stake in Live Nation. People amplified their complaints this week when tickets for Taylor Swift upcoming Eras tour went on presale on Ticketmaster's website. Maffei also defended Live Nation against lawmaker and activist concerns that Ticketmaster and Live Nation are abusing their market power.

☆ Céline Dion a pierdut disputa legală în valoare de 13 milioane de dolari cu fostul impresar
▼ + stars: | 2020-11-22 | by ( ) www.jurnal.md time to read: +1 min

Rata a fost convenită într-un aranjament făcut anterior cu fostul soţ al artistei, regretatul Réne Angélil, şi continuat de managerul Aldo Giampaolo. După ce Giampaolo a fost concediat, noul management al ei l-a concediat pe Prinz când acesta a refuzat să îi fie redus procentajul. Céline Dion a susţinut că Prinz era plătit prea mult şi a dus cazul în faţa tribunalului. „Nu spun că domnul Prinz nu a făcut nimic, dar primeşte mult mai mult pentru cariera mea decât merită. Rick Levy, avocatul ICM, a lăudat decizia curţii şi a spus că Prinz a reprezentat-o pe artistă în mod exemplar.

Persons: David Gurley, Rob Prinz, Dion, Aldo Giampaolo, Prinz, Céline Dion, ., Domnul Prinz, Rick Levy Organizations: Deloitte, Touche, Billboard Locations: California, Las Vegas, Californiei

☆ Maximum: Грандиозное открытие нового магазина на Рышкановке. Скидки до 50% Ⓟ
▼ + stars: | 2020-10-06 | by ( ) point.md time to read: +3 min

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Persons: Moulinex, Dyson, Sharp, Philips HP8230 Braun, Philips, QLED NanoCell Organizations: Samsung, LG, Sony, Panasonic, Philips, Bosch, Whirlpool, Hansa, JBL, Braun, AEG, Electrolux, —, Рекомендации / Распродажа Locations: Gorenje, Tefal, Kenwood, —, Рышкановке, Рышкановки, Афганский парк, Кишинев, Рышкановка, Московский проспект

☆ Meet Philip Anschutz, Coachella's billionaire owner who has built a $10.9 billion fortune.
▼ + stars: | 2020-03-11 | by ( Katie Warren | ) www.businessinsider.com time to read: +1 min

Philip Anschutz is an American businessman who's worth an estimated $10.9 billion, according to Forbes. Shaun Clark/Getty ImagesCoachella is owned by an 83-year-old billionaire businessman who's been called "the man who owns LA." Despite living in Colorado, Philip Anschutz is deeply embedded in California's largest city. Anschutz also owns the Los Angeles Kings hockey team and one-third of the Los Angeles Lakers basketball team, as well as both teams' home arena: Staples Center. Take a look at how the billionaire makes and spends his fortune.

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