We’ve had word of a ‘restructuring’ at the ever-troubled classical talent agency, owned by an American fraudster (l.) and a Russian minigarch.
Although the announcement below makes no mention of job cuts, we gather that auxiliary staff are to be slashed, reducing back-up services to individual artists and music organisations. e expect to have more details as the firing slips start landing. Meanwhile, here’s the statement:
Lorna Aizlewood, Chief Operating Officer & General Counsel IMG Artists, today announced a restructuring of the business that will see the company organised along functional rather than its previous geographical lines.
IMG Artists will now consist of the following new divisions: global Artist Management, Sales, Touring, Attractions, Festivals & Events, Consulting and Corporate.
Operating from offices in three continents, IMG Artists is the only truly global performing arts management company, and the breadth and scale of work undertaken is unmatched by any other company operating in its sector.
Aizlewood commented:“When I was appointed COO in May this year, I began a company-wide process to analyse the commercial and artistic realities of the performing arts business, both today and for the future.
“This new proposed structure for IMG Artists has been designed to ensure that our company – the team and those we represent – are given the tools and support needed to thrive in the current market and beyond.
“These divisions align our company with the modern realities of our industry. Through this improved structure, IMGA will be able to offer its artists, clients and partners enhanced opportunities for advancing their careers and projects through strategic collaboration and increased exploitation of our unparalleled global network, all whilst retaining and supporting the key personal relationships with our roster of incredible artists that are at the core of our business.”
The new structure will be in effect from 1st October, 2014.