Guy Oseary Stepping Away From Day-to-Day Role at Maverick

He will continue to manage Madonna and U2 and consult Live Nation CEO Michael Rapino, extending his deal with the touring company.

Guy Oseary is stepping away from his day-to-day role at his management collective Maverick to consult for Live Nation CEO Michael Rapino and further concentrate on his tech and entertainment entrepreneurial interests.

The news comes with a three-year extension of Oseary's existing partnership with Live Nation, which purchased Maverick in 2013. He will still continue to manage Madonna and U2 under the Maverick banner.

Other managers using the Maverick umbrella will continue to operate under Live Nation's Artist Nation division.

“I’m ready for my new chapter and welcome the opportunity to have more time to focus on management of Madonna and U2 while furthering my passion for identifying and incubating revolutionary businesses," said Oseary in a statement.

Added Rapino: “Guy built an incredible team at Maverick and his work with U2 and Madonna is unmatched. Live Nation has always been about putting the artist first and no one knows that better than Guy. I look forward to continuing our work together on projects including U2, Madonna and beyond.”

Oseary's resume outside Maverick includes a partnership with Ashton Kutcher leading the venture capital firm Sound Ventures, which has stakes in companies including Uber, Airbnb, Spotify, Pinterest, Square, Robinhood, Houzz and others. He is also an investor in Peloton and is a co-founder of much-buzzed text platform Community.