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Marc Geiger and SaveLive sued by US venue

Marc Geiger and his company SaveLive are being sued by the owners of a US venue The Alibi for breach of contract, interference and fraud, according to Billboard.

The Alibi owners Melanie Tusquellas and Elizabeth Garo said in a lawsuit filed on 25 May that their 200-capacity venue and restaurant in Palm Springs was struggling after the Covid-19 pandemic forced its temporary closure in 2020.

Worried about losing their investment, they began discussions with Geiger late that year about a possible plan to save the venue.

Geiger, along with his business partner and former WME principal John Fogelman, had launched a “war chest” to “bailout” struggling US music venues.

His proposal for the venture, named SaveLive, was to buy at least 51% of the equity in those clubs and help them expand into regional forces once the live sector returns to full strength.

In April 2022, the company completed its first round of financing, raising US$135 million, and signed its first round of venue partners – which included The Alibi.

“Being able to partner with SaveLive is a dream come true,” Garo said in an April 2022 press release announcing the partnership between The Alibi and SaveLive. “Tusquellas and I can stay true to our roots knowing we have their full support,” Garo continued, adding, “It doesn’t hurt that we’ve known some of the people at SaveLive for years — we all came up through the business together.”

Garo is an LA talent buyer who had booked Spaceland, The Echo and The Echoplex and co-founded the Echo Park Rising Festival, while Tusquellas is a co-owner of the historic Edendale Grill & Bar and El Chavo Restaurant in Silverlake, Los Angeles.

“SaveLive responded with personal threats and intimidation,” ultimately…forcing The Alibi to close again

The pair’s attorney Miles Feldman, in the complaint, said that “SaveLive was committed to maintaining the character of the businesses with such existing owners continuing to have control of the operations.

“Based on Geiger’s misrepresentations,” the complaint reads, Garo and Tusquellas sold a 51% ownership interest in The Alibi to a holding company controlled by SaveLive and contributed their remaining 49% interest to a second holding company controlled by SaveLive. Under the deal, Garo and Tusquellas would retain the liquor license for The Alibi through a business entity called 369 Palm Inc, which entered into an agreement with Geiger’s group to serve as The Alibi’s concessionaire.

“Shortly after 369 Palm sold a majority interest in The Alibi, Save Live’s true intentions became crystal clear,” Feldman wrote in the civil complaint. SaveLive officials allegedly “insisted that its accountant be responsible for keeping the financial books and records for the concessions business,” despite an agreement that the concessions business “would be run separately from SaveLive’s operation and booking of The Alibi.”

When met with objections, “SaveLive responded with personal threats and intimidation,” ultimately stifling “the resurgence of The Alibi, forcing it to close again in July 2022 less than four months after its grand re-opening,” the complaint reads.

After allegedly ignoring the concessionaire agreement and assuming control over food and beverage profits, SaveLive allegedly tried to force the owners to sell their liquor license to SaveLive for only a fraction of its fair market value.

When that failed, SaveLive officials allegedly used “repeated threats and intimidation” to try and force the women to transfer their liquor license to DLS Events, a concessionaire and bar service company that services Live Nation clients like the Palladium and the Wiltern in Los Angeles, along with 16 other venues under exclusive contract.

When Garo and Tusquellas refused, SaveLive shut down The Alibi and unsuccessfully attempted to trigger an option in the concession agreement forcing the sale of the liquor license. The shutdown of the venue, however, rendered the liquor license inactive, causing it to be surrendered to the California Alcoholic Beverage Control agency.

According to California law, the complaint claims, the liquor license for The Alibi “must be reactivated within one year; otherwise, the liquor license will be revoked, which would destroy the value of one of 369 Palm’s most valuable and prized assets.”

Garo and Tusquellas are suing SaveLive and Geiger for breach of contract, interference and fraud. They are asking for punitive damages against SaveLive, a cancellation of the concession agreement and a preliminary injunction forcing SaveLive to reopen The Alibi.

IQ has approached Geiger for comment.

 


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SaveLive announces new venue partnerships

SaveLive, the “war chest” launched by former WME executives Marc Geiger and John Fogelman in 2020  to “bail out” struggling US music venues, has announced two new exclusive venue partnerships.

Milwaukee, Wisconsin’s Eagles Entertainment Inc has joined the network with its collection of venues, alongside the Fremont Theater in San Luis Obispo, California.

The Eagles Entertainment building houses six individual spaces including the 4,000-capacity Eagles Ballroom and the 1,800-cap. Rave. The complex has hosted acts such as Bad Bunny, Coldplay, Luke Combs, Ed Sheeran, Bruno Mars and Slayer, as well as formative performances from the likes of Tyler the Creator, Travis Scott, Soundgarden, Mac Miller, Olivia Rodrigo, Jane’s Addiction, Nirvana, Dave Matthews Band and Pearl Jam.

“I have known Marc Geiger for 30 years. Partnering with SaveLive is an easy decision given his history and knowledge,” says Eagles Entertainment Inc co-owner Leslie West. “Marc was always my ‘go-to guy’ when I was at my wits end, when I did not know how to deal with a business issue. He always has an answer. When he started developing SaveLive, I told him I wanted to be a part of the team. My wish came true, and I have nothing but respect and admiration for what he and John Fogelman have put together. It’s a great partnership with great people.”

“We are beyond thrilled to be partnering with SaveLive to bring even more live music to the San Luis Obispo community”

The 900-cap Fremont Theater, meanwhile, has hosted artists such as Yes, Lyle Lovett and Brandi Carlile.

“We are beyond thrilled to be partnering with SaveLive to bring even more live music to the San Luis Obispo community,” says owner and operator Dan Sheehan. “The Fremont has been a fixture of the community for decades and we feel we are just getting started on the live music history of the Fremont Theater.”

At the time of SaveLive’s launch in October of 2020, Geiger said the plan was to invest in small venues and build an indie touring network to revive the live scene, using funds secured during an initial investment round.

It completed its first round of financing last spring, raising US$135 million from investors including Breyer Capital, Deep Field Asset Management, Raptor Group, and Shamrock Capital.

 


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Second scheme to purchase music venues launches

A second scheme to purchase music venues in order to secure their long-term futures has launched – this time, in the UK.

Music Venue Trust (MVT), the UK charity that represents hundreds of grassroots music venues, today (23 May) announced an ambitious initiative to buy the freehold of grassroots music venue (GMV) properties.

A similar enterprise was launched in the US in 2020 by former WME music execs Marc Geiger and John Fogelman. Under the banner SaveLive, the pair amassed a multi-million-dollar war chest to “bailout” struggling US music venues.

MVT, on the other hand, has launched a Charitable Community Benefit Society (CCBS) named Music Venue Properties (MVP) in order to buy venues in the UK.

Unlike a charity, a CCBS can raise money through community shares purchased by, say, music fans and ethical investors. Anyone who buys a share will help raise funds to allow MVP to buy freeholds, whilst also receiving a 3% APR return on their investment.

Mark Dayvd, CEO of Music Venue Trust says, “This is the most ambitious initiative Music Venue Trust has ever undertaken. The long-term security and prosperity of grassroots music venues depends almost entirely on one thing – ownership. Too many have been at the mercy of some commercial landlords whose motivations revolve primarily around profit. We have lost over a third of our venues in the last 20 years and with over 90% having only 18 months left on their tenancies we are at the cliff edge and could see the decimation of our sector if we don’t do something radical about it.

“The Music Venue Properties scheme will allow ethical investors and music fans to invest in the future of live music while receiving a healthy return on their money. Our #SaveOurVenues campaign launched during the pandemic raised over £4.1m with more than 80,000 people contributing. We already have the crowd – we just need to ask them to invest from 23 May and are confident they will.”

“The long-term security and prosperity of grassroots music venues depends almost entirely on one thing – ownership”

MVP has identified nine venues for a pilot project that will allow the scheme to establish proof of concept; six venues in England; one in Scotland; two in Wales.

With an initial target of £3.5 million to purchase these venues, the first of these Community Share Offers will launch later this month on (23 May). MVP hopes to purchase these venues before the end of 2022.

Further venue freeholds will be identified and secured as and when they become available, and MVP will continue to raise funds through selling community shares and borrowing against the freeholds purchased. All rental income subsequently received from the purchase of venues will be reinvested towards the expansion of the portfolio.

MVP says that on completion of purchase, it will offer the majority of current operators an immediate rent reduction and help contribute to building repairs and insurance, while also “guaranteeing long term security and market resistant rents”.

According to MVT, the issue of ownership underpins almost every other challenge that GMVs have faced during the last twenty years including gentrification, noise complaints, under-investment, poor economic models, and an inability to plan for the future.

Over 35% of GMVs have closed in the last 20 years and 93% of them are tenants with the typical operator only having 18 months left on their tenancy. Since the start of the Covid crisis, the sector has acquired over £90m of new debt, yet 67% of Culture Recovery Fund grant aid was paid directly to landlords.

Elsewhere, Geiger and Fogelman’s SaveLive recently announced its first round of venue partners, as well as a $135m round of investment.

 


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Marc Geiger’s SaveLive hires talent buyer Gary Spivack

Veteran talent buyer Gary Spivack has joined SaveLive, the “war chest” launched in 2020 by former WME music execs Marc Geiger and John Fogelman to “bailout” struggling US music venues.

Under his role as senior executive of music, Spivack will work with the SaveLive network to enhance day to day operations and long-range business, according to an announcement.

“Over my career, I’ve had the privilege to work with some of the biggest acts on the planet from Radiohead to Metallica and many in between,” says Spivack. “But to those who know me, it’s been and always will be about music discovery and breaking artists. It’s about finding the next Turnstile, Halestorm, Greta Van Fleet.”

Spivack was most recently EVP of talent and curation at festival producer Danny Wimmer Presents (DWP) and says he will remain as a contractor and consultant to help book DWP’s rock-centric festivals.

“To join the all-star team at SaveLive is an opportunity that I couldn’t pass up,”

“To join the all-star team at SaveLive is an opportunity that I couldn’t pass up,” Spivack adds. “It’s about championing the indies. I’m a big fan of the independent venue community and support independent-minded artists. Thanks to DWP I’ve been able to spread my creative wings and curate some of the world’s top rock festivals under its umbrella. On a personal note, Marc has been a mentor, a peer and a close friend for years so coming in as a senior executive at SaveLive is beyond exciting and I’m ready for this journey. Let’s go!”

SaveLive’s website went online in early April, along with news of the first round of venue partners and a US$135 million round of financing.

Geiger adds: “We are building a network of indie venues and promoters and we need the best possible team made up of great humans with a passionate love of music. Gary fits that bill. For years I have watched him grow into the rock and alternative guru he is now, and we are excited for him to bring that expertise to the SaveLive community.”

Spivak joins a team including notable industry execs such as Jorge Avila (talent buyer, Latinx and world), Evelyn Chia (talent buyer, electronic and alt/indie), Cristian Morales (talent buyer, Latinx and world), Ashlin Palmer (talent buyer, country and Americana and folk), Anthony Paolercio (talent buyer, all genres), Nadia Prescher (head of music), and more are expected to be announced in the coming weeks.

 


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Marc Geiger’s SaveLive reveals first venue partners

SaveLive, the “war chest” launched in 2020 by former WME music execs Marc Geiger and John Fogelman to “bail out” struggling US music venues, has announced its first round of venue partners.

The company yesterday (5 April) unveiled partnerships with some 20 mid-size venues including The Alibi in Palm Springs (California), The Golden State Theater in Monterey (California) and Hammerjacks in Baltimore (Maryland), with “many more to come.”

SaveLive has also completed its first round of financing, raising US$135 million from investors including Breyer Capital, Deep Field Asset Management, Raptor Group, and Shamrock Capital.

At the time of the company’s launch in October of 2020, Geiger said the plan was to invest in small venues and build an indie touring network to revive the live scene, using funds secured during an initial investment round.

Initially, SaveLive intended to buy at least 51% of the equity in those clubs though a rep for the company says that is not the case for all of the partnerships and each one is bespoke.

“Getting involved with Marc, John, and SaveLive to re-launch the Golden State Theatre in Monterey, CA was a no brainer”

Geiger said: “When John and I started this mission in late 2020, the live business was feeling pretty hopeless as the pandemic was hitting the sector head on. All I did during this time was listen to music and obsess on ideas on how to help the independent live industry.

“It was clear streaming services plus the pandemic changed the concert industry for good and web 3.0 is going to change it even more. We used that downtime to raise capital of like-minded and long-term investors, build a music focused team of professionals, and ultimately build out version 1.0 of our partner network. 18 months later, the live business is rushing back to record levels…and it’s time to launch.”

The Alibi’s Liz Garo adds: “As an independent booker for Spaceland, The Echo, and 100 other places since the beginning of time, being able to partner with SaveLive is a dream come true. [Alibi co-owner] Melanie Tusquellas and I can stay true to our roots knowing we have their full support, whether it’s finance, booking, marketing, sponsorship, questions about the bar or just bouncing ideas off the team. It doesn’t hurt that we’ve known some of the people at SaveLive for years – we all came up through the business together.”

Golden State Theatre owner and Ineffable Music president Thomas Cussins comments: “As Ineffable Music continues to focus on bringing top notch national acts to secondary and tertiary markets, getting involved with Marc, John, and SaveLive to re-launch the Golden State Theatre in Monterey, CA was a no brainer.

“At Ineffable, we open new outlets for touring acts, creating a more vibrant live music scene–both for the artists and for the fans who deserve to have great music in their backyard. Having SaveLive in our corner gives us even more confidence to keep growing our business.”

See SaveLive’s first round of partner venues below:

The Alibi, Palm Springs, CA
The Golden State Theater, Monterey, CA
Hammerjacks, Baltimore, MD
The Marquis (formerly Harry O’s and Park City Live), Park City, UT
The Criterion Ballroom, Oklahoma City, OK
Tower Theatre, Oklahoma City, OK
Beer City Music Hall, Oklahoma City, OK
Ponyboy, Oklahoma City, OK
Tech Port Arena, San Antonio, TX
Tobin Center, San Antonio, TX
Elektricity, Pontiac, MI
Deuterman Productions, Various, FL
Patchwork Presents, National

 


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