(CelebrityAccess MediaWire) — After a nearly three year dispute, Clear Channel Music Group and promoter John Scher have resolved their differences in a mutually satisfactory agreement. Details were not disclosed.
In 2002 Clear Channel acquired many assets of Scher's former company, Metropolitan Entertainment, including a disputed non-compete agreement. Numerous federal
court lawsuits followed by both parties against each other asking the
court to 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," said Scher, co-CEO of Metropolitan Talent in New York, which houses divisions in live concert production/promotion, artist management, theatre and TV production, marketing services and a record label, Hybrid Recordings.
Scher noted that with the legal issues now behind him and CCMG, he is looking forward to working with them on projects as well as "enjoying a healthy competition with
Michael Rapino, president/CEO, CCMG, called Scher a pioneer in concert promotion and said he is happy to have "this matter behind us. We view him as a worthy competitor and wish him all the best." — Jane Cohen and Bob Grossweiner