Anschutz Entertainment Group: Difference between revisions
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{{Short description|American company}} |
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{{Infobox Company |
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{{Use mdy dates|date=December 2017}} |
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| name = AEG |
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{{Infobox company |
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| logo = [[Image:Anschutz-Entertainment-Group.png|150px]] |
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| name = Anschutz Entertainment Group, Inc. |
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| type = |
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| logo = Anschutz-Entertainment-Group.png |
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| genre = |
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| logo_size = 150px |
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| fate = |
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| type = [[Subsidiary]] |
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| predecessor = |
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| foundation = {{start date and age|1994}} |
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| successor = |
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| founder = [[Philip Anschutz]] |
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| foundation = |
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| hq_location = [[L.A. Live]] |
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| founder = |
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| hq_location_city = [[Los Angeles]], [[California]] |
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| defunct = |
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| hq_location_country = United States |
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| location_city = [[Los Angeles]] |
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| area_served = Worldwide |
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| location_country = [[United States]] |
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| key_people = [[Dan Beckerman]] ([[President (corporate title)|president]] and [[Chief executive officer|CEO]]) |
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| location = |
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| industry = [[Entertainment industry|Entertainment]] |
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| locations = |
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| owner = |
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| area_served = Worldwide |
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| parent = [[The Anschutz Corporation]] |
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| key_people = |
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| subsid = AEG Presents<br />[[Coachella Music Festival]]<br/>Goldenvoice<br/>[[Walden Media]] |
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| industry = |
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| homepage = {{URL|http://aegworldwide.com|aegworldwide.com}} |
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| products = |
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| footnotes = <ref name=businessinsider>{{cite web |url=https://www.businessinsider.com/philip-anschutz-lakers-coachella-net-worth-lifestyle-2019-11#he-also-owns-one-third-of-the-los-angeles-lakers-6 |title=Meet Philip Anschutz, Billionaire Owner of Coachella and LA Kings |work=businessinsider.com |accessdate=2022-03-29 |archive-date=May 27, 2022 |archive-url=https://web.archive.org/web/20220527095437/https://www.businessinsider.com/philip-anschutz-lakers-coachella-net-worth-lifestyle-2019-11#he-also-owns-one-third-of-the-los-angeles-lakers-6 |url-status=live }}</ref> |
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| services = |
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| revenue = |
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| operating_income = |
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| net_income = |
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| aum = |
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| assets = |
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| equity = |
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| owner = |
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| num_employees = |
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| parent = |
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| divisions = |
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| subsid = |
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| homepage = http://www.aegworldwide.com |
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| footnotes = |
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| intl = |
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}} |
}} |
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The '''Anschutz Entertainment Group''' ('''AEG''') is a sporting and music entertainment presenter and a subsidiary of [[The Anschutz Corporation]]. The company owns or operates several major entertainment/sporting venues, including [[Staples Center]] and [[the Home Depot Center]] and beginning in fall 2007, the [[XL Center]] and [[Rentschler Field]]. In England they own the [[Manchester Evening News Arena]]<ref name="men">{{cite web |url=http://www.manchestereveningnews.co.uk/news/s/84/84273_new_owner_for_men_arena.html |author= |title=New owner for MEN Arena |publisher=manchestereveningnews.co.uk}}</ref>, and currently operate the [[The O2 arena (London)|The O<sub>2</sub>]] which includes a 20,000 capacity arena and an Entertainment District with 25 bars and restaurants, a live music club for 2200 called IndigO<sub>2</sub>, an 11 screen cinema and an exhibition space which will house the [[British Music Experience]] opening in March 2009. Several other similar entertainment complexes are also being planned worldwide including the [[O2 World|O<sub>2</sub> World]] in Berlin and an entertainment complex around the existing Staples Center. |
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'''Anschutz Entertainment Group, Inc.''' ('''AEG'''), also known as '''AEG Worldwide''', is an American global sporting and music [[entertainment]] presenter and a subsidiary of [[The Anschutz Corporation]]. It is the world's largest owner of sports teams and sports events. Under the '''AEG Presents''' brand, it is the world's second-largest presenter of live music and entertainment events, after [[Live Nation Entertainment|Live Nation]].<ref name="About AEG Live">{{cite web|title=Learn About AEG Live|url=http://www.showboxonline.com/market/about.php|publisher=Showbox at the Market|access-date=July 7, 2011| archive-url= https://web.archive.org/web/20110716064437/http://www.showboxonline.com/market/about.php| archive-date=July 16, 2011 | url-status= dead}}</ref><ref>{{cite web|url=http://www.dleg.state.mi.us/bcs_corp/image.asp?FILE_TYPE=UCO&FILE_NAME=D200612%5C2006355%5C00000467.tif|title=CORPS Redirect|website=www.dleg.state.mi.us|access-date=December 18, 2017|archive-date=March 4, 2016|archive-url=https://web.archive.org/web/20160304031755/http://www.dleg.state.mi.us/bcs_corp/image.asp?FILE_TYPE=UCO&FILE_NAME=D200612%5C2006355%5C00000467.tif|url-status=dead}}</ref> AEG Presents was founded in 2002 as AEG Live.<ref>{{cite web|url=https://variety.com/2002/more/news/phillips-steps-in-as-aeg-live-ceo-1117861045/|title=Phillips steps in as AEG Live CEO|first=Justin|last=Oppelaar|date=February 21, 2002|access-date=December 18, 2017|archive-date=January 9, 2016|archive-url=https://web.archive.org/web/20160109035514/http://variety.com/2002/more/news/phillips-steps-in-as-aeg-live-ceo-1117861045/|url-status=live}}</ref> |
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As part of the development of [[The O2 (London)|The O<sub>2</sub>]], Anschutz also purchased the London river service company [[Thames Clipper]], to provide transport links using the river service to and from Central London and the Dome. |
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==Overview== |
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The company also owns a number of sports teams, including [[Los Angeles Galaxy]], [[Houston Dynamo]] (50 %), [[Los Angeles Kings]], [[Los Angeles Riptide]], [[Manchester Monarchs]], [[Eisbären Berlin]], [[Hamburg Freezers]], 49 % of [[Hammarby IF|Hammarby IF Fotboll]], as well as interests in the [[Los Angeles Lakers]] and [[Los Angeles Sparks]]. The company also purchased the [[Champions on Ice]] [[figure skating]] tour in 2006. They also own 12 % of [[Djurgårdens IF Hockey]]. |
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AEG owns and operates a variety of venues, sport teams, and entertainment concerns. For venues, AEG owns and operates [[Crypto.com Arena]] and [[Dignity Health Sports Park]], and managed the [[XL Center]] and [[Pratt & Whitney Stadium at Rentschler Field|Rentschler Field]]. In England, it operates [[The O2 Arena|The O<sub>2</sub>]] which includes a 20,000 capacity arena. As part of the development of the O<sub>2</sub>, Anschutz also purchased the London river service company [[Thames Clippers]], and supported the development of the nearby [[David Beckham Academy]] (which also had a branch at the Home Depot Center). The company had its headquarters in [[Downtown Los Angeles]].<ref>[http://www.aegworldwide.com/home.html Home page] {{webarchive|url=https://web.archive.org/web/20060707101145/http://www.aegworldwide.com/home.html |date=July 7, 2006 }}. Anschutz Entertainment Group. Retrieved November 9, 2009.</ref> |
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The company makes a significant amount of its money by leveraging its sports interests, already significant earners, by using the |
In sports teams, the company owns the [[LA Galaxy|Los Angeles Galaxy]], 50% of the [[Los Angeles Kings]], [[Ontario Reign]], [[Eisbären Berlin]] with [[Mercedes-Benz Arena (Berlin)|Berlin Mercedes-Benz Arena]], 23.5% of [[Hammarby Fotboll|Hammarby IF]], as well as interests in the [[Los Angeles Lakers]] and [[Los Angeles Sparks]]. AEG also owned [[Hamburg Freezers]] before ceasing its existence in 2016. The company also purchased the [[Champions on Ice]] [[figure skating]] tour in 2006, and own 12% of [[Djurgårdens IF Hockey]]. The company makes a significant amount of its money by leveraging its sports interests, already significant earners, by using the stadiums in which these teams play to host various other entertainment events, most notably concerts. [[Philip Anschutz]] created the company by buying up several small local promoters in [[Los Angeles]] in order to fill up the schedule for his new sports venue, Staples Center. These included ConcertsWest and Goldenvoice, which had been founded by [[Gary Tovar]], and promotes the annual [[Coachella Valley Music and Arts Festival]]. AEG was the second-largest event promoter in the United States. |
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AEG Presents, previously AEG Live, came to international public attention in 2009 when it acted as the promoter for [[Michael Jackson]]'s [[This Is It (concert residency)|This Is It]] concerts. [[Death of Michael Jackson|Jackson died]] just three weeks before the series of 50 concerts were due to begin. Members of Jackson's family have said that they would like to see an investigation, in general, into the role of AEG Live in the final weeks of his life, and also, in particular, into the role of the personal advisers and representatives whom they believe the promoters put in place for him.<ref name=HarrisJune28>Harris, Paul. [https://www.theguardian.com/music/2009/jun/27/michael-jackson-death-autopsy Michael Jackson's family 'ask for second autopsy'] {{Webarchive|url=https://web.archive.org/web/20170510182557/https://www.theguardian.com/music/2009/jun/27/michael-jackson-death-autopsy |date=May 10, 2017 }}, ''The Observer'', June 28, 2009.</ref> |
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AEG is the world’s largest owner of sports teams and sports events, the owner of the world’s most profitable sports and entertainment venues, and under [[AEG Live]] is the world’s second largest presenter of live music and entertainment events after [[Live Nation]]. |
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On September 18, 2012, the Anschutz Corporation announced its intent to sell Anschutz Entertainment Group and its holdings.<ref>[http://www.ktla.com/news/landing/ktla-aeg-announces-sale,0,4356697.story AEG, Owner of Staples Center, L.A. Kings is Up for Sale]{{dead link|date=July 2017 |bot=InternetArchiveBot |fix-attempted=yes }}, [[KTLA]], September 19, 2012.</ref> The company has retained financial advisors Blackstone Advisory Partners to assist in AEG's sale process. There had been some concerns about the sale as AEG was instrumental in the development of [[Proposed Los Angeles NFL stadiums|Farmers Field]], a planned football stadium in Downtown Los Angeles that was intended to attract an [[National Football League|NFL]] team to the city. Approval to begin construction of Farmers Field in 2013 for a 2016 completion was in the process of being finalized at the time that AEG's sale was announced.<ref>[https://www.espn.com/los-angeles/nba/story/_/id/8397131/anschutz-entertainment-group-owner-los-angeles-kings-staples-center-los-angeles-galaxy-sale AEG being put up for sale], [[ESPN]], September 19, 2012.</ref> In 2015, plans for Farmers Field were abandoned when then [[St. Louis Rams]] owner [[Stan Kroenke]] announced plans for a [[SoFi Stadium|stadium of his own]]. |
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In August 2007, AEG announced plans with [[Harrah's Entertainment]] to build a privately-financed [[New Las Vegas Arena|20,000-seat arena]] in [[Las Vegas, Nevada|Las Vegas]] on the [[Las Vegas Strip|Strip]] <ref>[http://www.aegworldwide.com/news/aeg_news_082207.html AEG PRESS RELEASE - August 22, 2007<!-- Bot generated title -->]</ref> on Harrah's land located directly behind the [[Bally's Las Vegas]] and [[Paris Las Vegas]] resorts. |
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On March 14, 2013, Anschutz that announced AEG was no longer for sale and that it was changing CEOs. Tim Leiweke (CEO since 1996) left the firm; John Skorjanec was named VP of National Media Accounts with Dan Beckerman heading AEG.<ref>{{cite news|url=https://www.bloomberg.com/news/articles/2013-03-14/anschutz-co-says-it-won-t-sell-aeg-president-leiweke-leaving|title=Anschutz Says Luring NFL Team Is Priority After Ending AEG Sale|date=March 15, 2013|access-date=December 18, 2017|newspaper=Bloomberg|archive-date=January 7, 2017|archive-url=https://web.archive.org/web/20170107170857/https://www.bloomberg.com/news/articles/2013-03-14/anschutz-co-says-it-won-t-sell-aeg-president-leiweke-leaving|url-status=live}}</ref> |
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In June 2009, it was revealed that AEG had agreed to purchase English Soccer Club Newcastle United and installed Alan Shearer as Team Manager{{Fact|date=June 2009}}. |
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AEG's primary subsidiary AEG Facilities merged with its rival venue operator [[SMG (property management)|SMG]] in October 2019, forming ASM Global.<ref>[https://www.billboard.com/articles/business/8531818/aeg-facilities-smg-merger-asm-global AEG Facilities & SMG Finalize Merger to Form ASM Global] {{Webarchive|url=https://web.archive.org/web/20191102015331/https://www.billboard.com/articles/business/8531818/aeg-facilities-smg-merger-asm-global |date=November 2, 2019 }} - Marc Schneider, Billboard, 1 October 2019</ref> |
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== Controversy == |
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===Acquisitions=== |
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In Berlin, local groups started a boycott against the projected development "Media Spree", of which O2 World is a part of, arguing that huge sections of public spaces were being lost to the public sector. Furthermore, the Anschutz company was critizised for bully-like behaviour in regards to the changing of the outer parameters of the sports arena. A section of the near-by [[East Side Gallery]], a left-over piece of the [[Berlin Wall]] now serving as an international memorial for peace and freedom, had to be removed to enable the view of |
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*December 2000: Concerts West, Los Angeles<ref>{{cite web|url=https://www.latimes.com/archives/la-xpm-2000-dec-08-fi-62842-story.html|title=Anschutz Group Acquires Promotion Firm|first=JEFF|last=LEEDS|date=December 8, 2000|access-date=December 18, 2017|via=LA Times|archive-date=March 6, 2016|archive-url=https://web.archive.org/web/20160306153459/http://articles.latimes.com/2000/dec/08/business/fi-62842|url-status=live}}</ref> |
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Anschutz's new arena, located on the (former) eastern side of the city [[Spree]].<ref>[http://www.welt.de/welt_print/article2240752/Mediaspree-Gegner_rufen_zu_Protest_gegen_O2_World_auf.html Mediaspree-Gegner rufen zu Protest gegen O2 World auf] [[Die Welt]] vom 23. Juli 2008</ref> |
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*March 2001: Goldenvoice, Los Angeles<ref>{{cite web|url=https://www.latimes.com/archives/la-xpm-2001-mar-07-fi-34279-story.html|title=Anschutz to Buy Concert Firm Goldenvoice|first=Jeff|last=Leeds|date=March 7, 2001|access-date=December 18, 2017|via=LA Times|archive-date=February 23, 2018|archive-url=https://web.archive.org/web/20180223231819/http://articles.latimes.com/2001/mar/07/business/fi-34279|url-status=live}}</ref> |
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== |
==Arenas== |
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AEG owns [[Crypto.com Arena]] in Los Angeles, [[Dignity Health Sports Park]] in Carson, California, [[The O2]] in London, the [[Mercedes-Benz Arena (Berlin)|Mercedes-Benz Arena]] in Berlin, and [[Barclays Arena]] in Hamburg. Additionally, AEG operates [[T-Mobile Center]] in [[Kansas City, Missouri|Kansas City]], the [[Target Center]] in Minneapolis, [[Shrine Auditorium]] in Los Angeles, [[The Colosseum at Caesars Palace]] in Las Vegas, the [[Oakland Coliseum|Oakland–Alameda County Coliseum]] and [[Oakland Arena]] in Oakland, [[PNC Stadium]] in Houston, [[The Theatre at Grand Prairie]] in Dallas, and [[SNHU Arena]] in Manchester (New Hampshire). |
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*Christopher Palmeri, "Media Wildcatter," ''Business Week'', April 25, 2005, p. 101. |
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*http://www.aegworldwide.com/04_future/the_future.html |
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Anschutz's investment in the O2, through his company Anschutz Entertainment Group, previously resulted in his involvement in controversy related to the possible influence of former British [[Deputy Prime Minister]] [[John Prescott]] in the award of the "super casino" license by the British government. Anschutz knew Prescott personally, having had him as a guest for a two-night stay at Anschutz's ranch in 2005 and footing the bill for hospitality and gifts.<ref>{{Cite news |
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==External links== |
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|last=Philip |
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* [http://www.aegworldwide.com/home.html Anschutz Entertainment Group] Official Website |
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|first=Sherwell |
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* [http://aeglive.com Anschutz Entertainment Group Live] Official Website |
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|date=October 7, 2006 |
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|title=Prescott discussed entertainment complex at dinner with tycoon |
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|work=[[The Daily Telegraph]] |
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|url=https://www.telegraph.co.uk/news/main.jhtml?xml=/news/2006/07/09/npresc09.xml&sSheet=/news/2006/07/09/ixuknews.html |
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|access-date=December 10, 2007 |
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|location=London |
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|archive-url=https://web.archive.org/web/20071102232356/http://www.telegraph.co.uk/news/main.jhtml?xml=%2Fnews%2F2006%2F07%2F09%2Fnpresc09.xml&sSheet=%2Fnews%2F2006%2F07%2F09%2Fixuknews.html |
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|archive-date=November 2, 2007 |
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|url-status=dead |
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}}</ref> In January 2007, the "super casino" license was awarded to a group in [[Manchester]], rather than to [[Blackpool]] or London. Anschutz spent £50m on the [[Manchester Arena]] and the winner of the casino licence is a close ally of Anschutz, [[Sol Kerzner]]. |
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<ref>{{cite web |author=Don Frame |url=http://www.manchestereveningnews.co.uk/news/s/84/84273_new_owner_for_men_arena.html |title=New owner for MEN Arena |work=Manchester Evening News |date=March 15, 2004 |access-date=June 24, 2009 |archive-date=September 30, 2007 |archive-url=https://web.archive.org/web/20070930181138/http://www.manchestereveningnews.co.uk/news/s/84/84273_new_owner_for_men_arena.html |url-status=live }}</ref> |
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In August 2007, AEG announced plans with [[Harrah's Entertainment]] to build a privately financed 20,000-seat arena in [[Paradise, Nevada]] on the [[Las Vegas Strip]]<ref>{{cite web|url=http://www.aegworldwide.com/news/aeg_news_082207.html|title=AEG PRESS RELEASE - August 22, 2007|date=November 12, 2007|access-date=December 18, 2017|url-status=dead|archive-url=https://web.archive.org/web/20071112025718/http://www.aegworldwide.com/news/aeg_news_082207.html|archive-date=November 12, 2007|df=mdy-all}}</ref> on Harrah's land located directly behind the [[Bally's Las Vegas]] and [[Paris Las Vegas]] resorts. The informal partnership was dissolved the following year.<ref>[http://www.lasvegassun.com/blogs/now-and-then/2008/sep/15/report-harrahs-out-proposed-arena-partner/ Report: Harrah's out as proposed arena partner] {{Webarchive|url=https://web.archive.org/web/20141103211313/http://www.lasvegassun.com/blogs/now-and-then/2008/sep/15/report-harrahs-out-proposed-arena-partner/ |date=November 3, 2014 }} September 15, 2008 "A report in today's Sports Business Journal, citing inside sources, said Harrah's will no longer partner with arena developer AEG on a proposed 20,000-seat arena behind the Las Vegas Strip."</ref> |
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In October 2011, AEG reached an agreement with [[Sociedade Esportiva Palmeiras]] and WTorre to manage [[São Paulo]]'s then-upcoming [[Allianz Parque|Arena Palmeiras]].<ref>{{cite web |date=October 7, 2011 |title=Beto Lima · Entrevista · Máquina do Esporte |url=http://maquinadoesporte.uol.com.br/artigo/entrevista-beto-lima_270.html |url-status=dead |archive-url=https://web.archive.org/web/20141209091015/http://maquinadoesporte.uol.com.br/artigo/entrevista-beto-lima_270.html |archive-date=December 9, 2014 |access-date=June 10, 2015 |publisher=Maquinadoesporte.uol.com.br}}</ref><ref>{{cite web |title=Palmeiras firma contrato com o AEG - Cultura - Estadão |url=http://www.estadao.com.br/noticias/arteelazer,palmeiras-firma-contrato-com-o-aeg,782166,0.htm |access-date=June 10, 2015 |publisher=Estadao.com.br}}</ref> |
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In September 2013, it was announced that AEG Facilities, a stand-alone affiliate of AEG, had signed a 15-year contract to operate [[Wembley Arena]] in [[London]].<ref>{{cite web |url=http://www.wembleyarena.co.uk/news/detail/aeg-facilities-to-run-wembley-arena |title=AEG Facilities to run Wembley Arena |date=September 2, 2013 |access-date=October 7, 2013 |publisher=Wembley Arena |archive-date=September 9, 2013 |archive-url=https://web.archive.org/web/20130909071828/http://www.wembleyarena.co.uk/news/detail/aeg-facilities-to-run-wembley-arena |url-status=dead }}</ref> |
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AEG Live partnered with [[MGM Resorts International]] to build the [[T-Mobile Arena]] in Las Vegas, which opened in April 2016.<ref>{{cite press release |url=http://www.prnewswire.com/news-releases/aeg-and-mgm-resorts-international-secure-financing-for-new-las-vegas-arena-277732851.html |title=AEG And MGM Resorts International Secure Financing For New Las Vegas Arena |author=Press Release |date=October 1, 2014 |agency=PR Newswire |access-date=November 14, 2014 |archive-date=November 27, 2014 |archive-url=https://web.archive.org/web/20141127111758/http://www.prnewswire.com/news-releases/aeg-and-mgm-resorts-international-secure-financing-for-new-las-vegas-arena-277732851.html |url-status=live }}</ref> |
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[[AEG Ogden]], a joint venture with Australian investors, managed sports venues and convention centres in Australia and Asia, including the [[International Convention Centre Sydney]], [[Lang Park]] and [[Sydney Super Dome]]. |
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==Sports ventures== |
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===Soccer=== |
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Anschutz was one of the co-founders and one of the lead investors of [[Major League Soccer]]. In 1996, he became the investor/operator of the [[Colorado Rapids]], his first MLS franchise. The Rapids were then a subsidiary of the Anschutz Corporation. In subsequent years, as Anschutz acquired additional sports teams, it led to the formation of a new division of the company whose focus was sports and entertainment, leading directly to the creation of AEG. the Rapids and [[National Hockey League]]'s (NHL) [[Los Angeles Kings]] as its original members. |
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Since 1996, AEG has held ownership in the Chicago Fire, San Jose Earthquakes, New York/New Jersey MetroStars, D.C. United and Houston Dynamo.<ref name="ussoccer.com">{{cite web|url=http://www.ussoccer.com/News/Federation-Services/2009/08/MLS-Founding-Investor-Philip-Anschutz-Joins-Team-to-Bring-FIFA-World-Cup-to-United-States.aspx |title=MLS Founding Investor Philip Anschutz Joins Team to Bring FIFA World Cup to United States in 2018 or 2022 |publisher=U.S. Soccer |url-status=dead |archive-url=https://web.archive.org/web/20100205041228/http://www.ussoccer.com/News/Federation-Services/2009/08/MLS-Founding-Investor-Philip-Anschutz-Joins-Team-to-Bring-FIFA-World-Cup-to-United-States.aspx |archive-date=February 5, 2010 }}</ref><ref>{{cite web |url=http://www.houstondynamo.com/post/2015/12/15/gabriel-brener-acquires-aeg%E2%80%99s-interests-houston-dynamo-bbva-compass-stadium-and |title=Gabriel Brener acquires AEG's interests in Houston Dynamo, BBVA Compass Stadium and Houston Dash |publisher=Houston Dynamo |date=December 15, 2015 |access-date=December 16, 2015 |archive-date=December 17, 2015 |archive-url=https://web.archive.org/web/20151217102415/http://www.houstondynamo.com/post/2015/12/15/gabriel-brener-acquires-aeg%E2%80%99s-interests-houston-dynamo-bbva-compass-stadium-and |url-status=live }}</ref> Currently, AEG is the operator of the [[LA Galaxy|Los Angeles Galaxy]]. |
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Anschutz was inducted into the [[National Soccer Hall of Fame]] in 2006. Also in 2006, Anschutz received the National Soccer Medal of Honor, one of four recipients to ever receive the award.<ref name="ussoccer.com"/> In 2007, Anschutz and AEG played a role in bringing [[David Beckham]] to the United States. In 2009, he joined the Board of Directors of USA Bid Committee, a group which was formed with the aim of promoting the application and campaign to bring the World Cup to the United States. This was ultimately successful with the 2026 World Cup. |
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Between 2001 and 2019, AEG was the biggest external investor and minority shareholder of Swedish [[Allsvenskan]] club [[Hammarby Fotboll|Hammarby IF]].<ref>{{cite web|url=https://www.hammarbyfotboll.se/hammarby-fotboll/organisation/|publisher=Hammarby Fotboll|language=sv|access-date=26 October 2018|title=Organisation|archive-date=April 5, 2016|archive-url=https://web.archive.org/web/20160405165952/https://www.hammarbyfotboll.se/hammarby-fotboll/organisation/|url-status=live}}</ref> On 27 November 2019, it was announced that [[Zlatan Ibrahimović]], had acquired 23.5 percent of the outstanding shares in Hammarby, which meant that AEG reduced their stake by half.<ref>{{cite web|url=https://www.hammarbyfotboll.se/aktuellt/nyheter/zlatan-ibrahimovic-investerar-i-aeg-sweden-blir-delagare-i-hammarby-fotboll-ab/|title=Zlatan Ibrahimović investerar i AEG Sweden - blir delägare i Hammarby Fotboll AB|date=27 November 2019|publisher=Hammarby Fotboll|access-date=27 November 2019|language=sv|archive-date=November 29, 2019|archive-url=https://web.archive.org/web/20191129005851/https://www.hammarbyfotboll.se/aktuellt/nyheter/zlatan-ibrahimovic-investerar-i-aeg-sweden-blir-delagare-i-hammarby-fotboll-ab/|url-status=live}}</ref> |
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AEG were part of a consortium with [[Tottenham Hotspur F.C.|Tottenham Hotspur]] which proposed to demolish the London 2012 Olympic Stadium in Stratford and then to build a new 60,000 seater soccer specific stadium in its place and to renovate the Crystal Palace athletics stadium. These proposals was rejected as they violated the Olympic legacy provisions of the UK government. |
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===Ice hockey=== |
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AEG owns the [[National Hockey League|NHL]]'s [[Los Angeles Kings]],<ref name="forbes.com">{{cite news|url=https://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Philip-_DSAK.html |title=Beckham is now employed by Galaxy Media }}{{dead link|date=June 2016|bot=medic}}{{cbignore|bot=medic}}</ref> the [[American Hockey League|AHL]]'s [[Ontario Reign]], the [[ECHL]]'s [[Cincinnati Cyclones]] (co-owned with Nederlander Entertainment), and the German ice hockey team [[Eisbären Berlin]]. AEG also formerly owned the [[Manchester Monarchs (ECHL)|Manchester Monarchs]]<ref>{{cite web |url=http://arenadigest.com/2016/08/02/manchester-monarchs-sold-to-ppi-sports/ |title=Manchester Monarchs Sold to PPI Sports |publisher=Arena Digest |date=August 2, 2016 |access-date=August 2, 2016 |archive-date=August 16, 2016 |archive-url=https://web.archive.org/web/20160816144710/http://arenadigest.com/2016/08/02/manchester-monarchs-sold-to-ppi-sports/ |url-status=live }}</ref> and an interest in the [[Reading Royals]], both of the ECHL. |
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===Golf=== |
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{{Importance section|date=February 2012}} |
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In July 2010, it was announced that Xanterra Parks & Resorts, Inc. had entered into an agreement to purchase the [[Kingsmill Resort]] near [[Williamsburg, Virginia]].<ref name="vagazette.com">{{cite web |url=http://www.vagazette.com/articles/2010/07/14/news/doc4c3d000641d57625821183.txt |title=Archived copy |access-date=December 5, 2010 |url-status=dead |archive-url=https://archive.today/20120918023858/http://www.vagazette.com/articles/2010/07/14/news/doc4c3d000641d57625821183.txt |archive-date=September 18, 2012 |df=mdy-all }}</ref> Xanterra, owned by Anschutz since 2008, has traditionally operated in national and state parks across the United States, especially in the Western regions, including [[Yellowstone National Park]] in [[Wyoming]] and [[Crater Lake National Park]] in [[Oregon]].<ref name="dailypress.com">{{cite web |url=http://www.dailypress.com/news/williamsburg/dp-nws-kingsmill-sold-20100712,0,6001852.story |title=Kingsmill sold to Colorado-based company |work=Daily Press |date=July 12, 2010 }}{{Dead link|date=September 2019 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> As of 2010, Xanterra was operating about three dozen hotels and lodges with more than 5,000 guest rooms combined, with over 8,000 employees.<ref>{{cite web |url=http://www.xanterra.com/ |title=Xanterra Parks & Resorts |publisher=Xanterra.com |date=June 12, 1981 |access-date=December 5, 2010 |archive-date=July 22, 2012 |archive-url=https://web.archive.org/web/20120722001824/http://www.xanterra.com/ |url-status=live }}</ref> |
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It has also been reported that Anschutz is currently in negotiations to buy the Silverado Golf Resort in [[Napa, California]].{{Citation needed|date=January 2019}} |
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===Other=== |
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Anschutz Entertainment Group also owned the [[Tour of California]] bicycling race and the [[Bay to Breakers]] footrace. |
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The company also managed the [[T-Mobile Center]] in [[Kansas City, Missouri]], and managed the [[XL Center]] in [[Hartford, Connecticut]] until 2013. They previously operated [[Pratt & Whitney Stadium at Rentschler Field|Rentschler Field]] in Hartford from 2007 to 2010, during which they held a stake in the now-defunct [[Hartford Colonials]] of the [[United Football League (2009–2012)|UFL]]. |
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In April 2016, AEG announced a partnership with [[esports]] company [[ESL (company)|ESL]];<ref>{{cite web|url=http://www.thescoreesports.com/hearthstone/news/10288-esl-partner-with-aeg|title=ESL partner with AEG|access-date=December 18, 2017|archive-date=November 5, 2016|archive-url=https://web.archive.org/web/20161105172323/http://www.thescoreesports.com/hearthstone/news/10288-esl-partner-with-aeg|url-status=dead}}</ref> the next year the company also announced an investment in the North American esports organization, [[Immortals (esports)|Immortals]].<ref>{{Cite web|url=https://slingshotesports.com/2017/06/20/aeg-invests-immortals-esports/|title=AEG invests in esports organization Immortals|date=June 20, 2017|website=Slingshot Esports|access-date=June 21, 2017|archive-date=November 1, 2017|archive-url=https://web.archive.org/web/20171101000940/http://slingshotesports.com/2017/06/20/aeg-invests-immortals-esports/|url-status=live}}</ref> |
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==Film== |
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When the 1968 [[John Wayne]] movie ''[[Hellfighters (film)|Hellfighters]]'' was being shot in 1967, Anschutz charged [[Universal Pictures]] a {{US$|100000|link=yes}} fee (equivalent to ${{Inflation|US|0.1|1967|r=1}} million in {{Inflation/year|US}}) to film real fire fighters extinguishing a real oil blaze on his land. |
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Anschutz Film Group (formerly Crusader Entertainment, now known as [[Bristol Bay Productions]] and [[Walden Media]]) produced the commercially successful ''[[Holes (film)|Holes]]'' in 2003 and ''[[The Chronicles of Narnia: The Lion, the Witch and the Wardrobe|The Chronicles of Narnia: The Lion, the Witch, and the Wardrobe]]'' in 2005. |
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The company also played a significant role the 2009 documentary–concert film ''[[Michael Jackson's This Is It]]''.<ref>{{cite web|url=https://www.billboard.com/articles/news/267286/aeg-president-michael-jackson-movie-will-clear-co-name|title=AEG President: Michael Jackson Movie Will Clear Co. Name|publisher=Billboard|first=Michael|last=Cidoni|date=25 September 2009|access-date=2 May 2018|archive-date=May 25, 2018|archive-url=https://web.archive.org/web/20180525130527/https://www.billboard.com/articles/news/267286/aeg-president-michael-jackson-movie-will-clear-co-name|url-status=live}}</ref> |
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==Ticketing== |
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{{Main| AXS (company)}} |
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AEG partnered with Outbox Enterprises, a start up company, in which AEG is both an equity partner and a client, to develop AXS (pronounced "access").<ref name="LAT20110824">{{cite news |author=Alex Pham |work=Los Angeles Times |url=https://www.latimes.com/business/la-xpm-2011-aug-24-la-fi-ct-aeg-tickets-react-20110824-story.html |title=Outbox poised to challenge Ticketmaster through deal with AEG – Los Angeles Times |date=August 24, 2011 |access-date=November 18, 2013 |archive-date=December 18, 2013 |archive-url=https://web.archive.org/web/20131218135422/http://articles.latimes.com/2011/aug/24/business/la-fi-ct-aeg-tickets-react-20110824 |url-status=live }}</ref> AXS is a digital marketing platform for purchasing tickets for sports and entertainment events. |
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==Controversies== |
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===Berlin=== |
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In Berlin, local groups started a boycott against the projected development [[Mediaspree]], of which O2 World is a part, arguing that huge sections of public spaces were being lost to the private sector. Furthermore, the Anschutz company was criticized for bully-like behavior in regards to the changing of the outer parameters of the sports arena. A section of the nearby [[East Side Gallery]], a leftover piece of the [[Berlin Wall]] now serving as an international memorial for peace and freedom, had to be removed to enable the view of |
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Anschutz's new arena, located on the former eastern side of the city [[Spree (river)|Spree]].<ref>[https://www.welt.de/welt_print/article2240752/Mediaspree-Gegner_rufen_zu_Protest_gegen_O2_World_auf.html Mediaspree-Gegner rufen zu Protest gegen O2 World auf] {{Webarchive|url=https://web.archive.org/web/20230729131159/https://www.welt.de/welt_print/article2240752/Mediaspree-Gegner-rufen-zu-Protest-gegen-O2-World-auf.html |date=July 29, 2023 }} [[Die Welt]] vom 23. Juli 2008</ref> AEG has since promised to financially support the preservation of the East Side Gallery.<ref>{{Cite news|url=https://www.morgenpost.de/bezirke/friedrichshain-kreuzberg/article209557043/Das-sind-die-Plaene-des-Investors-Anschutz-in-Friedrichshain.html|title=Friedrichshain bekommt amerikanisches Vergnügungsviertel|trans-title=Friedrichshain gets an American amusement district|language=de|last=Jürgens|first=Von Isabell|date=February 10, 2017|newspaper=Berliner Morgenpost|access-date=July 18, 2017|archive-date=February 17, 2017|archive-url=https://web.archive.org/web/20170217055041/http://www.morgenpost.de/bezirke/friedrichshain-kreuzberg/article209557043/Das-sind-die-Plaene-des-Investors-Anschutz-in-Friedrichshain.html|url-status=live}}</ref> |
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===Michael Jackson memorial service=== |
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AEG had a global interest in the [[death of Michael Jackson]] by hosting a [[Michael Jackson memorial service|public memorial service]] at [[Crypto.com Arena]] (formerly Staples Center), a prominent music venue in Los Angeles and home of the Grammy Museum. The event included security and logistical support by the City of Los Angeles totaling $3.2 million.<ref>{{cite web|url=http://laist.com/2009/11/16/new_numbers_show_michael_jacksons_f.php|title=New Numbers Show Michael Jackson's Funeral Cost City $3.2 Million|publisher=LAist|first=Zach|last=Behrens|date=16 November 2009|access-date=2 May 2018|archive-url=https://web.archive.org/web/20171106030229/http://laist.com/2009/11/16/new_numbers_show_michael_jacksons_f.php|archive-date=November 6, 2017|url-status=dead|df=mdy-all}}</ref> During this expense to the city during the [[Great Recession]], some economists estimated that the event also generated $4 million for local businesses such as hotels and restaurants.<ref>{{cite web|url=https://www.latimes.com/archives/la-xpm-2009-dec-06-la-me-jackson6-2009dec06-story.html|title=L.A. City Council is Set to rule on Whether AEG Should Cover Cost of Jackson's Memorial|work=Los Angeles Times|first1=David|last1=Zahniser|first2=Phil|last2=Willon|date=6 December 2009|access-date=2 May 2018|archive-date=August 30, 2018|archive-url=https://web.archive.org/web/20180830205041/http://articles.latimes.com/2009/dec/06/local/la-me-jackson6-2009dec06|url-status=live}}</ref> City Council members and local media have called for the cost of the memorial incurred by the city to be paid for by the Jackson family or AEG, instead of by the city taxpayer.<ref>{{cite web|url=https://www.latimes.com/archives/la-xpm-2009-oct-23-me-trutanich23-story.html|title=Trutanich Defends Bid to Recover City Money for Michael Jackson Memorial|work=Los Angeles Times|first1=Maeve|last1=Reston|first2=Phil|last2=Willon|date=23 October 2009|access-date=2 May 2018|archive-date=January 11, 2018|archive-url=https://web.archive.org/web/20180111002556/http://articles.latimes.com/2009/oct/23/local/me-trutanich23|url-status=live}}</ref> In June 2010, AEG agreed to pay the city of Los Angeles $1.3 million to offset some of the cost incurred by the city during the tribute event.<ref>{{cite web|url=https://www.latimes.com/archives/la-xpm-2010-jun-19-la-me-michael-jackson-20100619-story.html|title=AEG Announces Agreement to Pay $1.3 Million to Help Cover Cost of Michael Jackson Memorial|work=Los Angeles Times|first=Patrick J.|last=McDonnell|date=19 June 2010|access-date=2 May 2018|archive-date=October 21, 2018|archive-url=https://web.archive.org/web/20181021224730/http://articles.latimes.com/2010/jun/19/local/la-me-michael-jackson-20100619|url-status=live}}</ref> |
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AEG was also accused of having attempted to profit from the death of [[Michael Jackson]], who was due to perform at London's O2 Arena in 2009 and 2010. The approximately 750,000 tickets were eligible for refund upon request, but the promoter offered to send out "souvenir" tickets if customers waived their right to the refund.<ref>{{cite news | url=http://news.bbc.co.uk/1/hi/entertainment/8125515.stm | work=BBC News | title=Tickets offered to Jackson fans | date=June 30, 2009 | access-date=April 25, 2010 | archive-date=October 6, 2021 | archive-url=https://web.archive.org/web/20211006032456/http://news.bbc.co.uk/1/hi/entertainment/8125515.stm | url-status=live }}</ref> The company estimated that 40–50% of its customers would request the original tickets in lieu of the refund, which would save the company $40 million in refunds. That was in addition to future profits from any material that formed a part of the "[[This Is It (concert residency)|This Is It]]" concerts, which AEG made its intellectual property in sponsoring the concerts.<ref>{{cite news | url=http://news.bbc.co.uk/1/hi/entertainment/8132318.stm | work=BBC News | title=Promoter discusses concert losses | date=July 3, 2009 | access-date=April 25, 2010 | archive-date=October 6, 2021 | archive-url=https://web.archive.org/web/20211006080846/http://news.bbc.co.uk/1/hi/entertainment/8132318.stm | url-status=live }}</ref> |
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After [[Conrad Murray]], the physician appointed by AEG to take care of Jackson during the run-up and throughout the "This Is It" concerts, was found guilty of involuntary manslaughter in the ''[[California v. Murray]]'' case, [[Katherine Jackson]], Michael's mother and legal guardian of his three children, filed a wrongful death suit against the promoter, seeking damages reportedly exceeding tens of billions of dollars. AEG filed a motion to have the case dismissed which was denied by a Los Angeles County judge who ruled that sufficient evidence was present for the progression to a jury trial. The trial began on April 2.<ref>{{cite web|url=http://www.contactmusic.com/news/michael-jackson-wrongful-death-trial_3569821|title=Mother Katherine Wants $40 Billion From AEG Over Michael Jackson's Death|date=March 22, 2013|access-date=December 18, 2017|archive-date=September 11, 2014|archive-url=https://web.archive.org/web/20140911013041/http://www.contactmusic.com/news/michael-jackson-wrongful-death-trial_3569821|url-status=live}}</ref><ref>{{cite web|url=http://www.eurweb.com/2013/03/judge-sets-trial-rules-for-katherine-jackson-vs-aeg-live/|title=Judge Sets Trial Rules for Katherine Jackson vs. AEG - EURweb|date=March 22, 2013|access-date=December 18, 2017|archive-url=https://web.archive.org/web/20160616172627/http://www.eurweb.com/2013/03/judge-sets-trial-rules-for-katherine-jackson-vs-aeg-live/|archive-date=June 16, 2016|url-status=dead|df=mdy-all}}</ref><ref>{{cite news| url=https://www.telegraph.co.uk/culture/music/michael-jackson/9937339/Michael-Jacksons-family-want-26-billion-from-concert-promoter-AEG-Live.html |archive-url=https://ghostarchive.org/archive/20220112/https://www.telegraph.co.uk/culture/music/michael-jackson/9937339/Michael-Jacksons-family-want-26-billion-from-concert-promoter-AEG-Live.html |archive-date=January 12, 2022 |url-access=subscription |url-status=live | location=London | work=The Daily Telegraph | first=James | last=Lachno | title=Michael Jackson's family want £26 billion from concert promoter AEG Live | date=March 18, 2013}}{{cbignore}}</ref> Murray served jail time for the death of Jackson, and indicated that if he was called as a witness for this case, he would refuse to testify to avoid incriminating himself amid his sentence appeal, as he had not previously testified under oath regarding Jackson's death.<ref>{{cite news | url=http://www.cnn.com/2013/03/18/showbiz/murray-michael-jackson-lawsuit/index.html | publisher=CNN | title=Conrad Murray won't testify in Jackson death trial | date=March 18, 2013 | access-date=March 22, 2013 | archive-date=March 23, 2013 | archive-url=https://web.archive.org/web/20130323005324/http://www.cnn.com/2013/03/18/showbiz/murray-michael-jackson-lawsuit/index.html | url-status=live }}</ref> On October 2, 2013, AEG was found not liable in the death of Michael Jackson.<ref>{{cite news | url=http://www.latimes.com/local/lanow/la-me-ln-michael-jackson-jury-reaches-verdict-in-wrongful-death-case-20131002,0,2366136.story | work=Los Angeles Times | date=October 2, 2013 | title=Live updates: Michael Jackson jury explains why it sided with AEG | access-date=October 3, 2013 | archive-date=October 3, 2013 | archive-url=https://web.archive.org/web/20131003144354/http://www.latimes.com/local/lanow/la-me-ln-michael-jackson-jury-reaches-verdict-in-wrongful-death-case-20131002,0,2366136.story | url-status=live }}</ref> |
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==See also== |
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*[[AXS TV]] |
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*[[Regal Entertainment Group]] |
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==References== |
==References== |
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{{Reflist}} |
{{Reflist}} |
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==External links== |
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* [https://www.aegworldwide.com/ Anschutz Entertainment Group] Official Website |
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* [http://aegpresents.com AEG Presents] Official Website |
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Latest revision as of 00:20, 18 December 2024
Company type | Subsidiary |
---|---|
Industry | Entertainment |
Founded | 1994 |
Founder | Philip Anschutz |
Headquarters | L.A. Live, , United States |
Area served | Worldwide |
Key people | Dan Beckerman (president and CEO) |
Parent | The Anschutz Corporation |
Subsidiaries | AEG Presents Coachella Music Festival Goldenvoice Walden Media |
Website | aegworldwide.com |
Footnotes / references [1] |
Anschutz Entertainment Group, Inc. (AEG), also known as AEG Worldwide, is an American global sporting and music entertainment presenter and a subsidiary of The Anschutz Corporation. It is the world's largest owner of sports teams and sports events. Under the AEG Presents brand, it is the world's second-largest presenter of live music and entertainment events, after Live Nation.[2][3] AEG Presents was founded in 2002 as AEG Live.[4]
Overview
[edit]AEG owns and operates a variety of venues, sport teams, and entertainment concerns. For venues, AEG owns and operates Crypto.com Arena and Dignity Health Sports Park, and managed the XL Center and Rentschler Field. In England, it operates The O2 which includes a 20,000 capacity arena. As part of the development of the O2, Anschutz also purchased the London river service company Thames Clippers, and supported the development of the nearby David Beckham Academy (which also had a branch at the Home Depot Center). The company had its headquarters in Downtown Los Angeles.[5]
In sports teams, the company owns the Los Angeles Galaxy, 50% of the Los Angeles Kings, Ontario Reign, Eisbären Berlin with Berlin Mercedes-Benz Arena, 23.5% of Hammarby IF, as well as interests in the Los Angeles Lakers and Los Angeles Sparks. AEG also owned Hamburg Freezers before ceasing its existence in 2016. The company also purchased the Champions on Ice figure skating tour in 2006, and own 12% of Djurgårdens IF Hockey. The company makes a significant amount of its money by leveraging its sports interests, already significant earners, by using the stadiums in which these teams play to host various other entertainment events, most notably concerts. Philip Anschutz created the company by buying up several small local promoters in Los Angeles in order to fill up the schedule for his new sports venue, Staples Center. These included ConcertsWest and Goldenvoice, which had been founded by Gary Tovar, and promotes the annual Coachella Valley Music and Arts Festival. AEG was the second-largest event promoter in the United States.
AEG Presents, previously AEG Live, came to international public attention in 2009 when it acted as the promoter for Michael Jackson's This Is It concerts. Jackson died just three weeks before the series of 50 concerts were due to begin. Members of Jackson's family have said that they would like to see an investigation, in general, into the role of AEG Live in the final weeks of his life, and also, in particular, into the role of the personal advisers and representatives whom they believe the promoters put in place for him.[6]
On September 18, 2012, the Anschutz Corporation announced its intent to sell Anschutz Entertainment Group and its holdings.[7] The company has retained financial advisors Blackstone Advisory Partners to assist in AEG's sale process. There had been some concerns about the sale as AEG was instrumental in the development of Farmers Field, a planned football stadium in Downtown Los Angeles that was intended to attract an NFL team to the city. Approval to begin construction of Farmers Field in 2013 for a 2016 completion was in the process of being finalized at the time that AEG's sale was announced.[8] In 2015, plans for Farmers Field were abandoned when then St. Louis Rams owner Stan Kroenke announced plans for a stadium of his own.
On March 14, 2013, Anschutz that announced AEG was no longer for sale and that it was changing CEOs. Tim Leiweke (CEO since 1996) left the firm; John Skorjanec was named VP of National Media Accounts with Dan Beckerman heading AEG.[9]
AEG's primary subsidiary AEG Facilities merged with its rival venue operator SMG in October 2019, forming ASM Global.[10]
Acquisitions
[edit]Arenas
[edit]AEG owns Crypto.com Arena in Los Angeles, Dignity Health Sports Park in Carson, California, The O2 in London, the Mercedes-Benz Arena in Berlin, and Barclays Arena in Hamburg. Additionally, AEG operates T-Mobile Center in Kansas City, the Target Center in Minneapolis, Shrine Auditorium in Los Angeles, The Colosseum at Caesars Palace in Las Vegas, the Oakland–Alameda County Coliseum and Oakland Arena in Oakland, PNC Stadium in Houston, The Theatre at Grand Prairie in Dallas, and SNHU Arena in Manchester (New Hampshire).
Anschutz's investment in the O2, through his company Anschutz Entertainment Group, previously resulted in his involvement in controversy related to the possible influence of former British Deputy Prime Minister John Prescott in the award of the "super casino" license by the British government. Anschutz knew Prescott personally, having had him as a guest for a two-night stay at Anschutz's ranch in 2005 and footing the bill for hospitality and gifts.[13] In January 2007, the "super casino" license was awarded to a group in Manchester, rather than to Blackpool or London. Anschutz spent £50m on the Manchester Arena and the winner of the casino licence is a close ally of Anschutz, Sol Kerzner. [14]
In August 2007, AEG announced plans with Harrah's Entertainment to build a privately financed 20,000-seat arena in Paradise, Nevada on the Las Vegas Strip[15] on Harrah's land located directly behind the Bally's Las Vegas and Paris Las Vegas resorts. The informal partnership was dissolved the following year.[16]
In October 2011, AEG reached an agreement with Sociedade Esportiva Palmeiras and WTorre to manage São Paulo's then-upcoming Arena Palmeiras.[17][18]
In September 2013, it was announced that AEG Facilities, a stand-alone affiliate of AEG, had signed a 15-year contract to operate Wembley Arena in London.[19]
AEG Live partnered with MGM Resorts International to build the T-Mobile Arena in Las Vegas, which opened in April 2016.[20]
AEG Ogden, a joint venture with Australian investors, managed sports venues and convention centres in Australia and Asia, including the International Convention Centre Sydney, Lang Park and Sydney Super Dome.
Sports ventures
[edit]Soccer
[edit]Anschutz was one of the co-founders and one of the lead investors of Major League Soccer. In 1996, he became the investor/operator of the Colorado Rapids, his first MLS franchise. The Rapids were then a subsidiary of the Anschutz Corporation. In subsequent years, as Anschutz acquired additional sports teams, it led to the formation of a new division of the company whose focus was sports and entertainment, leading directly to the creation of AEG. the Rapids and National Hockey League's (NHL) Los Angeles Kings as its original members.
Since 1996, AEG has held ownership in the Chicago Fire, San Jose Earthquakes, New York/New Jersey MetroStars, D.C. United and Houston Dynamo.[21][22] Currently, AEG is the operator of the Los Angeles Galaxy.
Anschutz was inducted into the National Soccer Hall of Fame in 2006. Also in 2006, Anschutz received the National Soccer Medal of Honor, one of four recipients to ever receive the award.[21] In 2007, Anschutz and AEG played a role in bringing David Beckham to the United States. In 2009, he joined the Board of Directors of USA Bid Committee, a group which was formed with the aim of promoting the application and campaign to bring the World Cup to the United States. This was ultimately successful with the 2026 World Cup.
Between 2001 and 2019, AEG was the biggest external investor and minority shareholder of Swedish Allsvenskan club Hammarby IF.[23] On 27 November 2019, it was announced that Zlatan Ibrahimović, had acquired 23.5 percent of the outstanding shares in Hammarby, which meant that AEG reduced their stake by half.[24]
AEG were part of a consortium with Tottenham Hotspur which proposed to demolish the London 2012 Olympic Stadium in Stratford and then to build a new 60,000 seater soccer specific stadium in its place and to renovate the Crystal Palace athletics stadium. These proposals was rejected as they violated the Olympic legacy provisions of the UK government.
Ice hockey
[edit]AEG owns the NHL's Los Angeles Kings,[25] the AHL's Ontario Reign, the ECHL's Cincinnati Cyclones (co-owned with Nederlander Entertainment), and the German ice hockey team Eisbären Berlin. AEG also formerly owned the Manchester Monarchs[26] and an interest in the Reading Royals, both of the ECHL.
Golf
[edit]This section may contain information not important or relevant to the article's subject. (February 2012) |
In July 2010, it was announced that Xanterra Parks & Resorts, Inc. had entered into an agreement to purchase the Kingsmill Resort near Williamsburg, Virginia.[27] Xanterra, owned by Anschutz since 2008, has traditionally operated in national and state parks across the United States, especially in the Western regions, including Yellowstone National Park in Wyoming and Crater Lake National Park in Oregon.[28] As of 2010, Xanterra was operating about three dozen hotels and lodges with more than 5,000 guest rooms combined, with over 8,000 employees.[29]
It has also been reported that Anschutz is currently in negotiations to buy the Silverado Golf Resort in Napa, California.[citation needed]
Other
[edit]Anschutz Entertainment Group also owned the Tour of California bicycling race and the Bay to Breakers footrace.
The company also managed the T-Mobile Center in Kansas City, Missouri, and managed the XL Center in Hartford, Connecticut until 2013. They previously operated Rentschler Field in Hartford from 2007 to 2010, during which they held a stake in the now-defunct Hartford Colonials of the UFL.
In April 2016, AEG announced a partnership with esports company ESL;[30] the next year the company also announced an investment in the North American esports organization, Immortals.[31]
Film
[edit]When the 1968 John Wayne movie Hellfighters was being shot in 1967, Anschutz charged Universal Pictures a US$100,000 fee (equivalent to $0.9 million in 2023) to film real fire fighters extinguishing a real oil blaze on his land.
Anschutz Film Group (formerly Crusader Entertainment, now known as Bristol Bay Productions and Walden Media) produced the commercially successful Holes in 2003 and The Chronicles of Narnia: The Lion, the Witch, and the Wardrobe in 2005.
The company also played a significant role the 2009 documentary–concert film Michael Jackson's This Is It.[32]
Ticketing
[edit]AEG partnered with Outbox Enterprises, a start up company, in which AEG is both an equity partner and a client, to develop AXS (pronounced "access").[33] AXS is a digital marketing platform for purchasing tickets for sports and entertainment events.
Controversies
[edit]Berlin
[edit]In Berlin, local groups started a boycott against the projected development Mediaspree, of which O2 World is a part, arguing that huge sections of public spaces were being lost to the private sector. Furthermore, the Anschutz company was criticized for bully-like behavior in regards to the changing of the outer parameters of the sports arena. A section of the nearby East Side Gallery, a leftover piece of the Berlin Wall now serving as an international memorial for peace and freedom, had to be removed to enable the view of Anschutz's new arena, located on the former eastern side of the city Spree.[34] AEG has since promised to financially support the preservation of the East Side Gallery.[35]
Michael Jackson memorial service
[edit]AEG had a global interest in the death of Michael Jackson by hosting a public memorial service at Crypto.com Arena (formerly Staples Center), a prominent music venue in Los Angeles and home of the Grammy Museum. The event included security and logistical support by the City of Los Angeles totaling $3.2 million.[36] During this expense to the city during the Great Recession, some economists estimated that the event also generated $4 million for local businesses such as hotels and restaurants.[37] City Council members and local media have called for the cost of the memorial incurred by the city to be paid for by the Jackson family or AEG, instead of by the city taxpayer.[38] In June 2010, AEG agreed to pay the city of Los Angeles $1.3 million to offset some of the cost incurred by the city during the tribute event.[39]
AEG was also accused of having attempted to profit from the death of Michael Jackson, who was due to perform at London's O2 Arena in 2009 and 2010. The approximately 750,000 tickets were eligible for refund upon request, but the promoter offered to send out "souvenir" tickets if customers waived their right to the refund.[40] The company estimated that 40–50% of its customers would request the original tickets in lieu of the refund, which would save the company $40 million in refunds. That was in addition to future profits from any material that formed a part of the "This Is It" concerts, which AEG made its intellectual property in sponsoring the concerts.[41]
After Conrad Murray, the physician appointed by AEG to take care of Jackson during the run-up and throughout the "This Is It" concerts, was found guilty of involuntary manslaughter in the California v. Murray case, Katherine Jackson, Michael's mother and legal guardian of his three children, filed a wrongful death suit against the promoter, seeking damages reportedly exceeding tens of billions of dollars. AEG filed a motion to have the case dismissed which was denied by a Los Angeles County judge who ruled that sufficient evidence was present for the progression to a jury trial. The trial began on April 2.[42][43][44] Murray served jail time for the death of Jackson, and indicated that if he was called as a witness for this case, he would refuse to testify to avoid incriminating himself amid his sentence appeal, as he had not previously testified under oath regarding Jackson's death.[45] On October 2, 2013, AEG was found not liable in the death of Michael Jackson.[46]
See also
[edit]References
[edit]- ^ "Meet Philip Anschutz, Billionaire Owner of Coachella and LA Kings". businessinsider.com. Archived from the original on May 27, 2022. Retrieved March 29, 2022.
- ^ "Learn About AEG Live". Showbox at the Market. Archived from the original on July 16, 2011. Retrieved July 7, 2011.
- ^ "CORPS Redirect". www.dleg.state.mi.us. Archived from the original on March 4, 2016. Retrieved December 18, 2017.
- ^ Oppelaar, Justin (February 21, 2002). "Phillips steps in as AEG Live CEO". Archived from the original on January 9, 2016. Retrieved December 18, 2017.
- ^ Home page Archived July 7, 2006, at the Wayback Machine. Anschutz Entertainment Group. Retrieved November 9, 2009.
- ^ Harris, Paul. Michael Jackson's family 'ask for second autopsy' Archived May 10, 2017, at the Wayback Machine, The Observer, June 28, 2009.
- ^ AEG, Owner of Staples Center, L.A. Kings is Up for Sale[permanent dead link ], KTLA, September 19, 2012.
- ^ AEG being put up for sale, ESPN, September 19, 2012.
- ^ "Anschutz Says Luring NFL Team Is Priority After Ending AEG Sale". Bloomberg. March 15, 2013. Archived from the original on January 7, 2017. Retrieved December 18, 2017.
- ^ AEG Facilities & SMG Finalize Merger to Form ASM Global Archived November 2, 2019, at the Wayback Machine - Marc Schneider, Billboard, 1 October 2019
- ^ LEEDS, JEFF (December 8, 2000). "Anschutz Group Acquires Promotion Firm". Archived from the original on March 6, 2016. Retrieved December 18, 2017 – via LA Times.
- ^ Leeds, Jeff (March 7, 2001). "Anschutz to Buy Concert Firm Goldenvoice". Archived from the original on February 23, 2018. Retrieved December 18, 2017 – via LA Times.
- ^ Philip, Sherwell (October 7, 2006). "Prescott discussed entertainment complex at dinner with tycoon". The Daily Telegraph. London. Archived from the original on November 2, 2007. Retrieved December 10, 2007.
- ^ Don Frame (March 15, 2004). "New owner for MEN Arena". Manchester Evening News. Archived from the original on September 30, 2007. Retrieved June 24, 2009.
- ^ "AEG PRESS RELEASE - August 22, 2007". November 12, 2007. Archived from the original on November 12, 2007. Retrieved December 18, 2017.
- ^ Report: Harrah's out as proposed arena partner Archived November 3, 2014, at the Wayback Machine September 15, 2008 "A report in today's Sports Business Journal, citing inside sources, said Harrah's will no longer partner with arena developer AEG on a proposed 20,000-seat arena behind the Las Vegas Strip."
- ^ "Beto Lima · Entrevista · Máquina do Esporte". Maquinadoesporte.uol.com.br. October 7, 2011. Archived from the original on December 9, 2014. Retrieved June 10, 2015.
- ^ "Palmeiras firma contrato com o AEG - Cultura - Estadão". Estadao.com.br. Retrieved June 10, 2015.
- ^ "AEG Facilities to run Wembley Arena". Wembley Arena. September 2, 2013. Archived from the original on September 9, 2013. Retrieved October 7, 2013.
- ^ Press Release (October 1, 2014). "AEG And MGM Resorts International Secure Financing For New Las Vegas Arena" (Press release). PR Newswire. Archived from the original on November 27, 2014. Retrieved November 14, 2014.
- ^ a b "MLS Founding Investor Philip Anschutz Joins Team to Bring FIFA World Cup to United States in 2018 or 2022". U.S. Soccer. Archived from the original on February 5, 2010.
- ^ "Gabriel Brener acquires AEG's interests in Houston Dynamo, BBVA Compass Stadium and Houston Dash". Houston Dynamo. December 15, 2015. Archived from the original on December 17, 2015. Retrieved December 16, 2015.
- ^ "Organisation" (in Swedish). Hammarby Fotboll. Archived from the original on April 5, 2016. Retrieved October 26, 2018.
- ^ "Zlatan Ibrahimović investerar i AEG Sweden - blir delägare i Hammarby Fotboll AB" (in Swedish). Hammarby Fotboll. November 27, 2019. Archived from the original on November 29, 2019. Retrieved November 27, 2019.
- ^ "Beckham is now employed by Galaxy Media".[dead link ]
- ^ "Manchester Monarchs Sold to PPI Sports". Arena Digest. August 2, 2016. Archived from the original on August 16, 2016. Retrieved August 2, 2016.
- ^ "Archived copy". Archived from the original on September 18, 2012. Retrieved December 5, 2010.
{{cite web}}
: CS1 maint: archived copy as title (link) - ^ "Kingsmill sold to Colorado-based company". Daily Press. July 12, 2010.[permanent dead link ]
- ^ "Xanterra Parks & Resorts". Xanterra.com. June 12, 1981. Archived from the original on July 22, 2012. Retrieved December 5, 2010.
- ^ "ESL partner with AEG". Archived from the original on November 5, 2016. Retrieved December 18, 2017.
- ^ "AEG invests in esports organization Immortals". Slingshot Esports. June 20, 2017. Archived from the original on November 1, 2017. Retrieved June 21, 2017.
- ^ Cidoni, Michael (September 25, 2009). "AEG President: Michael Jackson Movie Will Clear Co. Name". Billboard. Archived from the original on May 25, 2018. Retrieved May 2, 2018.
- ^ Alex Pham (August 24, 2011). "Outbox poised to challenge Ticketmaster through deal with AEG – Los Angeles Times". Los Angeles Times. Archived from the original on December 18, 2013. Retrieved November 18, 2013.
- ^ Mediaspree-Gegner rufen zu Protest gegen O2 World auf Archived July 29, 2023, at the Wayback Machine Die Welt vom 23. Juli 2008
- ^ Jürgens, Von Isabell (February 10, 2017). "Friedrichshain bekommt amerikanisches Vergnügungsviertel" [Friedrichshain gets an American amusement district]. Berliner Morgenpost (in German). Archived from the original on February 17, 2017. Retrieved July 18, 2017.
- ^ Behrens, Zach (November 16, 2009). "New Numbers Show Michael Jackson's Funeral Cost City $3.2 Million". LAist. Archived from the original on November 6, 2017. Retrieved May 2, 2018.
- ^ Zahniser, David; Willon, Phil (December 6, 2009). "L.A. City Council is Set to rule on Whether AEG Should Cover Cost of Jackson's Memorial". Los Angeles Times. Archived from the original on August 30, 2018. Retrieved May 2, 2018.
- ^ Reston, Maeve; Willon, Phil (October 23, 2009). "Trutanich Defends Bid to Recover City Money for Michael Jackson Memorial". Los Angeles Times. Archived from the original on January 11, 2018. Retrieved May 2, 2018.
- ^ McDonnell, Patrick J. (June 19, 2010). "AEG Announces Agreement to Pay $1.3 Million to Help Cover Cost of Michael Jackson Memorial". Los Angeles Times. Archived from the original on October 21, 2018. Retrieved May 2, 2018.
- ^ "Tickets offered to Jackson fans". BBC News. June 30, 2009. Archived from the original on October 6, 2021. Retrieved April 25, 2010.
- ^ "Promoter discusses concert losses". BBC News. July 3, 2009. Archived from the original on October 6, 2021. Retrieved April 25, 2010.
- ^ "Mother Katherine Wants $40 Billion From AEG Over Michael Jackson's Death". March 22, 2013. Archived from the original on September 11, 2014. Retrieved December 18, 2017.
- ^ "Judge Sets Trial Rules for Katherine Jackson vs. AEG - EURweb". March 22, 2013. Archived from the original on June 16, 2016. Retrieved December 18, 2017.
- ^ Lachno, James (March 18, 2013). "Michael Jackson's family want £26 billion from concert promoter AEG Live". The Daily Telegraph. London. Archived from the original on January 12, 2022.
- ^ "Conrad Murray won't testify in Jackson death trial". CNN. March 18, 2013. Archived from the original on March 23, 2013. Retrieved March 22, 2013.
- ^ "Live updates: Michael Jackson jury explains why it sided with AEG". Los Angeles Times. October 2, 2013. Archived from the original on October 3, 2013. Retrieved October 3, 2013.
External links
[edit]- Anschutz Entertainment Group Official Website
- AEG Presents Official Website
- Anschutz Corporation
- Entertainment companies based in California
- Sports event promotion companies
- Companies based in Los Angeles
- Chicago Fire FC
- Houston Dynamo FC
- Houston Dynamo FC owners
- LA Galaxy
- Los Angeles Kings owners
- Los Angeles Lakers
- Los Angeles Sparks owners
- New York Red Bulls
- Ontario Reign
- San Jose Earthquakes
- Manchester Monarchs
- Hartford Colonials
- United Football League (2009–2012) owners
- Major League Soccer owners