Update on 5. May 2008
Written by Rock in the Pond
Apparently IMG had been in the works to acquire J.F. Mastroianni and Associates for some time. They announced that they had acquired Mastroianni a couple of weeks ago. Jack Mastroianni, as part of the deal, would be made head of the Vocal Division, essentially Jeffrey Vanderveen's job.
The rumor, and this is only a rumor, is that Jeffrey found out his position was on the line as part of this attempt at an acquisition of a rival company and decided to look elsewhere.
This next part is not a rumor. Jeffrey was hired by Universal Music Group (Deutsche Grammophon's parent company) to head a division for special events. Anna and Elina left at this time. To me this makes sense because, generally, artists make a relationship with their manager not their management company and artists will leave one company when their manager leaves. Interestingly, Anna has not added any new manager to her website. The ones on her website are the press representatives she's always had.
Now, to make things more interesting, IMG is upset to have lost Anna and Elina. They have filed a lawsuit against Jeffrey and another manager and also with Universal Music, basically saying they had no right to take Anna and Elina and they want their "property" back and all the money they will lose.
Thank you Rock in the Pond for such a complete and detailed information added to the post.
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