Why WME's Former Music Head Wants to Own Half of Your Indie Venue

When Geiger left WME shortly after the agency furloughed or fired hundreds of staff members, his destination was not revealed — and many speculated that he would head to the tech-and-streaming side, joining a company like Spotify.

“It sounds like the House of Blues business model,” the source says. “When it comes to sponsorship money, most House of Blues properties have their third floor labeled with a big casino name or something. They take money in turn for advertising.

“The deals have options to protect the independents. And this is an operating company. This is no Robert Sillerman.” — Marc Geiger. “And this is an operating company. This is no Robert Sillerman. I’m doing it because I want to and I love it, not because it’s financial engineering. There are as many venues that want upsides as there are that want independence.”

He wants 51% of the venue but “We don’t see this as distressed-asset play”. “Adhering to confidentiality agreements is priority. It’d be imprudent to talk about things in process” he says. Marc Geiger’s never been discreet or held information in confidence. He repeats everything

We do not need another AEG or livenation. They are sucking the music industry dry.

better him than livenation (waits for livenation partnership)

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