Charlie Walker, Live Nation’s president of music for just more than a year, left the company January 18th and headed for Texas, where he joins Charles Attal and Charlie Jones in a new venture called C3 Presents.
The new company comprises Charles Attal Presents, Fourth Floor Management and the music-related operations of Capital Sports & Entertainment, which have produced the Austin City Limits Music Festival and, for the past two-years, Lollapalooza.
Walker resigned his position at Live Nation January 18th, effective January 23rd – the day before a major executive realignment at that company was announced.
He doesn’t leave Live Nation empty-handed, however. As a top executive at the time of his resignation, he leaves with roughly $600,000 in stock options and severance pay.
By all accounts, Walker’s split from LN is amicable. According to Live Nation’s filing with the Securities and Exchange Commission, his severance agreement doesn’t include a non-compete clause – leaving him free to hit the ground running with his new company.