THIS JUST IN: Larry Magid Leaves Live Nation

larry-magid.jpgTHE INSIDER: Legendary concert promoter Larry Magid left Live Nation Philadelphia yesterday, addressing the troops at the promoter’s Bala Cynwyd offices that he was out — but not discussing the circumstances.Live Nation declined to talk about the departure. A report on said Geoff Gordon remains the local president. A source told The Inquirer that Magid’s employment contract was coming up. He was Live Nation Philadelphia’s chairman. MORE

BILLBOARD: A pioneer in the concert industry and a fixture on the Philly concert scene for more than 40 years, Magid opened the Electric Factory club in 1968 and later formed Electric Factory Concerts, promoting shows from club to stadium level in the market. In 1998, Magid and his partners sold Electric Factory Concerts to SFX, which evolved into what is now known as Live Nation Entertainment. Magid played a huge role in developing the Philadelphia concert market, and produced such milestone Philly concerts as Live Aid in 1985 and Live 8 in 2005. MORE

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