His contract expires July 31.

After weeks of speculation, sources confirm that Jim Glancy, president of Live Nation’s New York offices, will exit the company when his contract expires July 31. Glancy will partner with John Moore at the Bowery Presents in New York, beginning Aug. 1.

Moore is best known for promoting and booking shows at popular New York rooms like the Bowery Ballroom, the Mercury Lounge, and Webster Hall. In the new partnership with Glancy, the Bowery Presents will promote shows from the club to the arena level.

Glancy’s exit from Live Nation New York leaves a gap in an office that was originally founded by pioneering promoter Ron Delsener in the 1960s. It later became Delsener-Slater Presents, then was among the first promoters acquired by Bob Sillerman in the late 1990s industry consolidation. Delsener serves as a consultant to Live Nation these days; other executives in the New York office include senior VP Randi Henner and talent buyer Sam Kinken.

Venues booked by Live Nation New York include the Avalon, the Roseland Ballroom, the Hammerstein Ballroom and Irving Plaza in New York City, along with Nikon at Jones Beach Theater in Wantagh, N.Y., and the PNC Bank Arts Center in Holmdel, N.J. Live Nation is also a major promoter at Madison Square Garden, including the recent 12 sellouts by Billy Joel, and six Madonna sellouts this summer.