Clear Channel Music Group and John Scher Settle Dispute
July 25 2005 - 10:00AM
PR Newswire (US)
Clear Channel Music Group and John Scher Settle Dispute LOS ANGELES
and NEW YORK, July 25 /PRNewswire/ -- Clear Channel Music Group and
New York promoter John Scher today announced they have resolved
their differences in a mutually satisfactory agreement. Details
were not disclosed. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050609/DATH025LOGO ) In 2002
Clear Channel acquired many of the assets of Mr. Scher's former
company, Metropolitan Entertainment, Inc. including a disputed
non-compete agreement which covered Mr. Scher's activities as a
concert promoter. Numerous Federal Court lawsuits have been filed
by both parties against each other requesting the court resolve a
number of issues surrounding the acquisition. "I am pleased that we
have amicably been able to resolve the issues between Clear
Channel, myself and our company. I have had a long and successful
relationship throughout my career with many of the individuals that
now make up Clear Channel Music. Now that the legal issues are
behind us, I look forward to working with them on projects as well
as enjoying a healthy competition with them," said Mr. Scher,
co-CEO of the NY-based Metropolitan Talent. "We're happy to have
this matter behind us. John is a pioneer. He has and will continue
to make significant contributions to the business. We view him as a
worthy competitor and wish him all the best," said Michael Rapino,
president and CEO of Clear Channel Music Group. About Metropolitan
Talent Metropolitan Talent is a multi-faceted entertainment company
led by co- CEO's Al Cafaro and John Scher. Divisions include artist
management, Hybrid Recordings, live concert production/ promotion,
theatre and television production, and marketing services. The
company is based in New York City. About Clear Channel Music Group
Clear Channel Music Group, a division of Clear Channel
Entertainment, focuses on global, national and local promoting,
venue and festival management and artist touring services. The
Music Group promotes live music concerts by a majority of the
world's most popular performers, as well as many new up-and- coming
artists. Clear Channel Music Group comprises 13 business units:
Bill Graham Presents, Avalon Attractions, Evening Star Productions,
PACE Concerts, Cellar Door North, Cellar Door South, Belkin
Productions, Elevated Concerts, Electric Factory, Jim Koplik
Presents, Ron Delsener Presents, Tea Party Concerts and Chuck
Morris Presents.
http://www.newscom.com/cgi-bin/prnh/20050609/DATH025LOGO
http://photoarchive.ap.org/ DATASOURCE: Clear Channel Music Group
CONTACT: Faisel Durrani of Clear Channel Music Group,
+1-310-867-7000; or Renee Pfefer of Metropolitan Talent Presents,
+1-914-273-0007, or ; or Michele Clarke, , or Ray Yeung, , both of
Brainerd Communicators, Inc., +1-212-986-6667, for Clear Channel
Music Group Web site: http://www.clearchannel.com/
Copyright