News

U2′s longtime manager steps down

U2′s longtime manager steps down

U2 MANAGER STEPS DOWN: Members of the Irish Band U2 from left, Bono, The Edge, Adam Clayton and Larry Mullen, Photo: Associated Press

Irish rock legends U2 will now be looked after by Madonna’s manager Guy Oseary after the band’s longtime boss decided to step down.

The group has been managed by Paul McGuinness since he met them at a gig in 1978 and he has guided its stars Bono, The Edge, Adam Clayton and Larry Mullen, Jr. throughout their stellar career, but he is now stepping away from his charges.

McGuinness is preparing to sell his Principle Management company to concert giant Live Nation, which is also snapping up Maverick Records, which was co-founded by Madonna.

Oseary will take charge of U2 after the deal goes through.

A statement from McGuinness reads, “It could be seen as slightly poor etiquette for a manager to consider retiring before his artist has split, quit or died, but U2 have never subscribed to the rock and roll code of conduct. As I approach the musically relevant age of 64 I have resolved to take a less hands-on role as the band embark on the next cycle of their extraordinary career…

“I have long regarded Guy Oseary as the best manager of his generation and there is no one else I would have considered to take over the day-to-day running of our business.”

Latest Headlines

1 hour ago in Entertainment

Today in entertainment history: April 21

Fresh
dolly

A look at the news making Hollywood headlines in years past.

yesterday in Entertainment, Sports

Rubin ‘Hurricane’ Carter, wrongly convicted of murder, dead

hurrican

The boxer's imprisonment, and battle to free him, are immortalized in the Bob Dylan song "Hurricane" and the film of the same name, starring Denzel Washington.

Saturday in Entertainment

This weekend in entertainment history

elvis

A look back on the Hollywood headlines of days gone by.

Friday in Viral Videos

When a brother loses a bet

Dance Bet

A guy loses a bet to his younger brother and must dance on a busy street corner for 30 minutes. What happens next is amazing.

Friday in Entertainment

REVIEW: Johnny Depp and crew fail at ‘Transcendence’

This image released by Warner Brothers Pictures shows Johnny Depp in a scene from the sci-fi thriller "Transcendence."

Johnny Depp falls short of greatness in his latest film, but at least it's not "Lone Ranger."