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AEG acquires producer of Grammys, Emmys

November 02, 2006|Richard Verrier

AEG, the Los Angeles company controlled by Denver billionaire Philip Anschutz, has acquired Ken Ehrlich Productions, producer of such programs as the Grammys, the Emmys and the MTV Movie Awards.

The deal, terms of which weren't disclosed, will provide AEG with a major new source of live entertainment for its venues, including a 7,250-seat Nokia Theatre opening next year in downtown Los Angeles.

Randy Phillips, president and chief executive of AEG's entertainment division, said the deal would help AEG's clients "by providing new marketing platforms and additional ways to exploit their careers."

-- Richard Verrier

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