The departure of its chief executive, Randy Phillips, follows a failed attempt to sell the promoter’s parent company, the Anschutz Entertainment Group.
The family of Michael Jackson is suing Anschutz Entertainment Group for wrongful death, claiming it hired the doctor who administered the drugs that led to his death.
Mr. Maffei replaces Irving Azoff, the longtime music executive who helped see Live Nation through its merger with Ticketmaster in 2010, and who left at the end of last year.
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