Concert monolith Live Nation has made lots of headlines for
signing artists like Madonna and Jay-Z to big-money 360 deals, where the company pays out hefty advances in exchange for a piece of every piece in the revenue pie, from concert tickets to merch to album sales. But those deals are causing trouble in the corporate offices of the company: According to the
Wall Street Journal, chief executive Michael Rapino wants to hold off on signing away any more money before someone figures out whether or not these deals are a good idea in the face of a possibly slowing economy, while chairman Michael Cohl wants to sign as many as 15 more of them, including one with Shakira and her hips. And this difference in opinion has apparently boiled over into what the
WSJ is referring to as a "full-blown feud," complete with threats about terms of employment contracts!
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