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

in Trending, Viral Videos

TODAY’S MUST SEE: Jimmy Fallon’s giant birthday cake

Fresh
20-overlay1

The "Tonight Show" host gets some star-studded surprises to celebrate his 40th birthday.

in Entertainment

Anti-sexual assault campaign uses celebrities to reach college campuses

Fresh
17-overlay

The efforts to curb sex assault got some help from people many young adults actually listen to: celebrities and athletes.

in Entertainment

Today in entertainment history: Sept. 22

familyties

A look back at the Hollywood headlines that went down in history.

in Entertainment

This weekend in entertainment history

mondaynight

A look back on the Hollywood headlines that made history.

in Entertainment

It’s been 30 years since ‘The Cosby Show’ debuted

cosby

Here are some of our favorite moments from one of America's favorite TV families.