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Guy Oseary no longer running Maverick to focus on Madonna and U2

Guy Oseary decided to stop running Maverick to have more time to focus on management of Madonna and U2.

Oseary has “stepped down” from the day-to-day running Maverick, the management collective he founded in 2014.

“I’m ready for my new chapter and welcome the opportunity to have more time to focus on management of Madonna and U2 while furthering my passion for identifying and incubating revolutionary businesses,” said Oseary in a statement.

Moving forward, Oseary will segue to a consulting role with Live Nation, specifically for CEO Michael Rapino for the next three years, while continuing to represent Madonna and U2 under the Maverick banner. A statement by Live Nation notes that Oseary will be “concentrating on his entrepreneurial interests, investing in and incubating companies on the cutting edge of technology and entertainment.”

Partnered with Ashton Kutcher in venture capital firm Sound Ventures, Oseary’s investments include prescient stakes in Uber, Airbnb, Spotify, Pinterest and Square, among others. He’s also an investor in Peloton and the co-founder of budding social media platform Community.

Said Rapino: “Guy built an incredible team at Maverick and his work with U2 and Madonna is unmatched. Live Nation has always been about putting the artist first and no one knows that better than Guy. I look forward to continuing our work together on projects including U2, Madonna and beyond.”