AEG boss Tim Leiweke told the Grammy Foundation's 10th Annual Entertainment Law Initiative lunch that AEG did not plan to follow their main competitors, Live Nation, in adopting a 360-degree multi-discipline business model and go into the label and/or music publishing business.ibution or managing artists better than you do."

AEG boss Tim Leiweke told the Grammy Foundation's 10th Annual Entertainment Law Initiative lunch that AEG did not plan to follow their main competitors, Live Nation, in adopting a 360-degree multi-discipline business model and go into the label and/or music publishing business.

Whilst all four majors dabble with the 360 approach taking in various live, ticketing, management and merchandise business models (with Warners just posting a big loss from a failed foray into the live concert industry in the US)  in his keynote speech Leiweke told his audience "There are those that believe in a 360-degree model. We don't. We go to the labels and let them know we're [their] partners and that we can't distribute the music better than [they] can. The labels have an important place within our industry. Quite frankly, if the label industry disappears, that's not good for the music industry".

Live Nation has launched a whole new division, Live Nation Artists, to operate in a number of different music sectors, and not just its traditional domain of concert promotion and venue management. AEG, however, won't be following suit and Leiweke added "We think the managers and the agents are [also] necessary. We don't think that we do ticketing or distribution or managing artists better than you do."