The veteran executives will oversee the booking department at the concert and festival promoter.
Osbourne pulled out of the superstar lineup on Monday due to health reasons.
The 4,500 seat venue, built as part of FDR's New Deal, will continue to be booked by AEG Presents through 2032.
Expenses like an ice pad and additional talent costs rack up, but the seven-figure loss is unlikely to impact the event's overall profitability.
88rising’s signature festival will be held on the East Coast for the first time at Forest Hills Stadium in May.
Organizers at this weekend's Long Beach festival are experimenting with changes to waste management, energy use and environmental impact.
Coachella lawyers say organizers of the West African musical festival tried to trademark the Coachella name in Ghana.
