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Marc Geiger, a companion and throughout the world head of new music for William Morris Endeavor, has still left the Beverly Hills expertise agency as the entertainment marketplace continues to grapple with the suspension of live shows thanks to the coronavirus pandemic.

Geiger’s exit is one particular of a number of variations in WME’s new music section. Sara Newkirk Simon, co-head of the section, will be shifting to a consulting function at mother or father organization Endeavor. The section will now be led by Scott Clayton, Lucy Dickins and Kirk Sommer. The agency’s new music roster involves artists like Justin Timberlake and Bruno Mars.

Geiger joined WME in 2003. For the duration of his tenure, he made the agency’s festivals and EDM divisions and developed out its London and Sydney, Australia, new music teams, said Lloyd Braun, president of Endeavor’s representation businesses.

“Under Marc’s leadership, WME’s Tunes division has develop into a international powerhouse,” Braun said in a statement.

A WME spokeswoman did not immediately reply to what prompted the leadership variations or what Geiger strategies to do following.

“I’m happy of all that we attained, most specifically the workforce we developed all through my time with the agency,” Geiger said in statement. “I know they will attain terrific issues in the future.”

The reside new music marketplace has experienced to make major changes in light of the pandemic, as live shows and festivals have been postponed or canceled. WME’s mother or father organization, Endeavor, said it would lay off, furlough or minimize hrs of one particular-3rd of its workers. Past month, WME applied cost reductions that influenced 20% of its about one,five hundred workers.

Other expertise businesses have also created cuts in salaries, together with United Expertise Agency and Inventive Artists Agency.

Some marketplace observers have elevated questions about Endeavor’s financial debt load. Past month, there had been rumors about the company’s health and fitness, together with whether or not it would be offered for components or file for individual bankruptcy.

“There are so quite a few … rumors,” Mark Shapiro, president of Endeavor informed the L.A. Situations final month, categorizing the converse as “fiction” and denying strategies for a reorganization or individual bankruptcy.