When a show-biz marriage starts with a prenuptial agreement, you'll never go broke betting on a divorce.
That's one way to look at last week's demise of the four-year partnership between high-profile managers Michael Lippman and Rob Kahane. The rock management split, which leaves Kahane with superstar client George Michael and Lippman with a host of top rock producers, came in the wake of insider reports that Kahane was eager to devote more time to Michael's career.
"I think in any relationship people have specific directions they're going in--and Michael (Lippman) and I were simply going in different directions," said Kahane, who will also take such up-and-comers as Megadeth and Michael McDermott to his new firm. "I wanted to focus on launching George's career, but as the company grew there was more time requested of me to deal with other areas of our business than I had time to give."
When managers split, relations can sour quickly, especially when ex-partners fight over claims to lucrative management commissions. But Lippman and Kahane both confirmed that the team had signed a "prenuptial-type contract," which prescribed the parameters of their relationship. "It's very clear," said Kahane. "There are no question marks." Lippman concurred: "We still have financial ties. I'll continue to have a financial interest in George Michael's career, including his upcoming album and tour."