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Saturday, November 20, 2010

Live Nation suing Cohl

HOT & COHL: Longtime concert promoter Michael Cohl, currently lead producer of the Broadway musical Spider-Man: Turn Off the Dark, is being sued for more than $5 million by his former employer, Live Nation Entertainment, according to the Hollywood Reporter. over what that company says are violations of the deal they struck when he was forced out in 2008. The suit, filed in U.S. District Court in Miami, reveals that Cohl signed a non-compete agreement when he left Live Nation that prevents him from putting on concerts, but he also agreed to pay $9.85 million over two years for the right to continue to work with Barbra Streisand, Pink Floyd and the Rolling Stones. The suit says that Cohl is late with $5.35 million of those payments—which could conceivably take him out of the running for the next Stones tour (see I.B. Bad’s latest column). Live Nation has filed a copy of the previously private non-compete agreement as evidence in the case. (11/20a)

 
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