MUSIC INDUSTRY: Live Concert Business is a Broken Model

It's hard to think of Tim Leiweke, chief executive of AEG, which owns the L.A. Kings hockey team, as an underdog. He's orchestrated concerts for the likes of Bon Jovi, Black Eyed Peas and Celine Dion. His company, Anschutz Entertainment Group, owns some of the world's biggest venues, including Staples Center, Target Center and The O2, a 20,000 seat arena in London, just to name a few. Leiweke also pulled the strings to develop the new $2.5 billion L.A. Live entertainment complex in downtown L...

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