David Maloney has started up a new AEG office in Stockholm after quitting global rival Live Nation’s Scandinavian operation September 3rd.
Rumors suggested he was jumping ship to join AEG Live Europe, which a September 24th press release confirmed.
Although the AEG statement doesn’t mention Mikael Tillman, Maloney’s assistant who quit LN’s EMA Telstar on the same day, he’s also expected to be turning up at AEG.
"Establishing ourselves in a music nation such as Sweden opens up far more alternatives for artists and audiences," Maloney explained, indicating that he’ll be competing for the business he previously attracted to EMA.
Apart from such stadium acts as U2, The Rolling Stones and Madonna and some of the larger arena shows, Maloney is estimated to be responsible for about 70 percent of the rest of the business EMA was doing with U.K. agents.
The AEG statement says, "Sweden is a very important piece of our European strategy."
Live Nation has had a strong foothold in Europe, but AEG has been making inroads in the U.K., Germany and now Sweden.
At the end of August, Live Nation fired U.K. music managing director Stuart Galbraith for breach of contract amid mounting industry speculation that he was being pursued by AEG.
In the middle of September, a legal dispute surfaced in the U.K. with AEG being reportedly issuing High Court writs to Live Nation’s CPI – Michael Cohl’s promotion company – the U.K.’s Solo Agency and Shelley Lazar’s San Francisco-based SLO ticketing company over Barbra Streisand’s summer shows at London’s O2 Arena.
The matter was quickly and quietly resolved with neither side willing to give any detail on the matter involved.
Maloney’s title is managing director of AEG Live Sweden, a role that sees him reporting to AEG Live Europe managing director Rob Hallett.
The contact points for the new company are +46(0)76-840-8634 and [email protected].