Irving Azoff Resigns from Live Nation

Lucas Shaw

Irving Azoff has resigned as chairman of Live Nation Entertainment, the country's largest concert promotion company and one of the biggest powers in the music industry, the company announced on Monday.

Azoff was the chairman and CEO of Ticketmaster and led the combined company after Ticketmaster and Live Nation merged in 2012. Azoff remains a manager of prominent musical acts such as The Eagles and Journey.

"After successfully overseeing the integration of Live Nation and Ticketmaster over the past two years, my job here is done," Azoff said in a statement. "We put together the leading company across concert promotion, ticketing, sponsorship and artist management and delivered the great results promised by the merger."

"I'm looking forward to returning to the entrepreneurial world and continuing to work with all my friends and colleagues at Live Nation," he added.

More to come..

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