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Oak ViewVeteran sports and entertainment industry exec Tim Leiweke and Azoff MSG Entertainment have joined forces to launch the Oak View Group (OVG), a global advisory, development and investment company for the sports and live entertainment industry. Leiweke, the former CEO of Anschutz Entertainment Group (AEG) and OVG’s Founder, will serve as the company’s CEO, while Irving Azoff (below), Chairman and CEO of Azoff/MSG Entertainment will bring his extensive network of relationships and experience to the business as a board member.

irving

Irving Azoff

Central to the formation of the new company is an “Arena/Stadium Alliance,” which is designed to serve a select group of leading venues that do not need or use a venue management company. The Alliance will provide its members with unprecedented scale and resources to realize considerable added value through sponsorship optimization, untapped revenue streams, insights and access to premier sports and live entertainment content. OVG is already working with a roster of iconic sports and live entertainment brands for its Arena/Stadium Alliance including Prudential Center, Philips Arena, Madison Square Garden, the Forum and Tampa Bay’s Amalie Arena.

Tim Lewieke

Tim Leiweke

“Having worked with Irving for decades, we realized there was an opportunity to do something transformative in our business,” said Leiweke. “At the very heart of what we’re doing is a deep passion for giving the fans of sports, music and live events the very best experience possible — and we’re doing that by empowering arena and stadium owners with the resources and a level of strategic thinking never before accessible. We will create a business model that is designed to disrupt the normal course of business and one that will Buy, Sell, Book and Think together.” Azoff commented, “Tim has a skillset and strategic approach that’s unrivaled, and under his leadership we are very confident that Oak View will quickly become a powerful and positive disruptive force in our business.”