A fierce battle has broken out among top executives at Live Nation Inc. over the concert-promotion company’s ambitious strategy to reshape the struggling music industry by making wide-ranging but expensive deals with artists such as Madonna and Jay-Z…
Having laid out so much cash — an estimated $120 million for Madonna and $150 million for Jay-Z alone — Live Nation Chief Executive Michael Rapino has sought to slow the pace of deal making so he can ascertain that deals already struck are working before entering new ones. But the company’s chairman, concert promoter Michael Cohl, wants to quickly strike deals with as many as 15 more artists.
According to people familiar with the matter, the dispute in recent weeks boiled over into a full-blown feud, with Mr. Cohl threatening to leave Beverly Hills, Calif.-based Live Nation.
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