(3-31-2008) Live Nation Signs Concert-promotion Deal With U2 - CNNMoney.com*

hippy · 03-31-2008, 08:48 AM

Live Nation Signs Concert-promotion Deal With U2

SAN FRANCISCO (Dow Jones) -- Live Nation Inc. has reached a 12-year deal with U2 that gives the U.S. concert promoter exclusive rights to produce the Irish rock band's concerts, manufacture and sell its merchandise, license its image and run its Web site and online fan club, according to a media report Sunday.

Terms of the U2 agreement weren't disclosed, The Wall Street Journal reported in its online edition.

The U2 arrangement, which follows an even broader 10-year deal with Madonna, would guarantee desirable inventory for the new ticketing service, set to launch at the beginning of 2009, the Journal said.

Live Nation (LYV), the world's largest concert promoter by revenue, has said it is parting ways with IAC/Interactive Corp.'s (IACID) Ticketmaster, the biggest ticket seller, when their partnership ends at the end of this year, Live Nation plans to launch a competing ticket service to sell seats to its own concerts as well as events staged by others, the Journal said.

Unlike Live Nation's $120 million deal with Madonna, the U2 agreement, which is to be finalized soon, doesn't cover distribution of recorded music or music publishing, according to the report.

For the same rights Live Nation is getting from U2, the promoter paid Madonna about $70 million, the Journal said.

U2 extended its record contract with Vivendi SA's Universal Music Group SA late last year and also has a long-term publishing deal with Universal, the Journal said.

For U2, the promoter is effectively paying the band to lock in the status quo: Live Nation or its predecessors have produced and promoted every world-wide U2 tour since 1997, and a Live Nation subsidiary already manages the band's Web site and fan club, the Journal said.

Formed in Dublin in 1976, U2 remains one of the most potent live draws in the world. Its most recent tour was the second-highest-grossing concert tour in history, earning $389.4 million at the box office, according to data from Billboard magazine. The Rolling Stones' 2005-07 "Bigger Bang" tour took in $ 558.3 million. Live Nation promoted both.

U2's record sales haven't held up quite as well; 2004's "How to Dismantle an Atomic Bomb" wasn't among the 10 best-selling albums in the U.S. that year, the Journal said.

http://money.cnn.com/news/newsfeeds/...LINE000013.htm

**Elvis** · 03-31-2008, 10:19 AM

Dang. I can't wait to hear what the terms are for this deal.

u2girlcj · 03-31-2008, 11:14 AM

I thought Live Nation already did the tours and U2.com. But hey, I'm just happy I won't have to deal with Ticketmaster for the next tour!

"Live Nation plans to launch a competing ticket service to sell seats to its own concerts as well as events staged by others..."

Carek1230 · 03-31-2008, 01:44 PM

Wow! It's gotta be a BIG deal and this is so exciting to hear!

Zoomerang96 · 03-31-2008, 02:24 PM

disgusting. clear channel blows.

hiphop · 03-31-2008, 03:07 PM

lol Zoom

good for LiveNation, after signing Madonna they´re moving forward so they are an established key player in the industry. Paul Mc Guinness mentioned them at MIDEM, they have been talking about it for a couple of months.

orginal species · 03-31-2008, 03:41 PM

Live Nation isn't any better than Ticketmaster. Look for ticket prices to go up even more.

pepokiss · 03-31-2008, 09:31 PM

can you say "good bye GA" ?

drumkeeran · 04-01-2008, 05:20 AM

You've gotta hope for improvements.

Zoomerang96 · 04-01-2008, 06:33 AM

just out of curiousity...

do ANY of you know anything about clear channel/live nation?

senrab · 04-01-2008, 09:56 AM

Quote:

Originally posted by u2girlcj
I thought Live Nation already did the tours and U2.com. But hey, I'm just happy I won't have to deal with Ticketmaster for the next tour!

"Live Nation plans to launch a competing ticket service to sell seats to its own concerts as well as events staged by others..."

Crappy Fanfire (Signatures Networks) did u2.com

Rachel D. · 04-01-2008, 06:43 PM

I think this will be a good change. Hopefully the web site will be better, with better stuff in the U2 Store. I saw a car covered with Dave Matthews Band stickers the other day and thought, "Wouldn't it be great if U2 had a better selection of merchandise?"

Zoomerang96 · 04-02-2008, 07:34 AM

Quote:

Originally posted by Zoomerang96
just out of curiousity...

do ANY of you know anything about clear channel/live nation?

*COUGH COUGH COUGH

Mrs. Garrison · 04-02-2008, 03:18 PM

clear channel sucks
u2 should know well enough to steer clear of this type of thing, what did they need the money that bad? Everything you know is wrong, i guess.

hiphop · 04-03-2008, 04:21 AM

Quote:

Originally posted by Zoomerang96
just out of curiousity...

do ANY of you know anything about clear channel/live nation?

I haven´t checked how many satellites they run for a couple of years.

Doesn´t make any difference to independent labels at all. The industry has changed, its all upside down so who gives a shit about them?

03-31-2008, 08:48 AM	#1
hippy Editor Join Date: Nov 2001 Location: Lookin' for the face I had before the world was made Posts: 12,168 Local Time: 08:37 AM	(3-31-2008) Live Nation Signs Concert-promotion Deal With U2 - CNNMoney.com* Live Nation Signs Concert-promotion Deal With U2 SAN FRANCISCO (Dow Jones) -- Live Nation Inc. has reached a 12-year deal with U2 that gives the U.S. concert promoter exclusive rights to produce the Irish rock band's concerts, manufacture and sell its merchandise, license its image and run its Web site and online fan club, according to a media report Sunday. Terms of the U2 agreement weren't disclosed, The Wall Street Journal reported in its online edition. The U2 arrangement, which follows an even broader 10-year deal with Madonna, would guarantee desirable inventory for the new ticketing service, set to launch at the beginning of 2009, the Journal said. Live Nation (LYV), the world's largest concert promoter by revenue, has said it is parting ways with IAC/Interactive Corp.'s (IACID) Ticketmaster, the biggest ticket seller, when their partnership ends at the end of this year, Live Nation plans to launch a competing ticket service to sell seats to its own concerts as well as events staged by others, the Journal said. Unlike Live Nation's $120 million deal with Madonna, the U2 agreement, which is to be finalized soon, doesn't cover distribution of recorded music or music publishing, according to the report. For the same rights Live Nation is getting from U2, the promoter paid Madonna about $70 million, the Journal said. U2 extended its record contract with Vivendi SA's Universal Music Group SA late last year and also has a long-term publishing deal with Universal, the Journal said. For U2, the promoter is effectively paying the band to lock in the status quo: Live Nation or its predecessors have produced and promoted every world-wide U2 tour since 1997, and a Live Nation subsidiary already manages the band's Web site and fan club, the Journal said. Formed in Dublin in 1976, U2 remains one of the most potent live draws in the world. Its most recent tour was the second-highest-grossing concert tour in history, earning $389.4 million at the box office, according to data from Billboard magazine. The Rolling Stones' 2005-07 "Bigger Bang" tour took in $ 558.3 million. Live Nation promoted both. U2's record sales haven't held up quite as well; 2004's "How to Dismantle an Atomic Bomb" wasn't among the 10 best-selling albums in the U.S. that year, the Journal said. http://money.cnn.com/news/newsfeeds/...LINE000013.htm __________________ Write for Interference! Email or PM me (kim@interference.com) if you're interested.

03-31-2008, 11:14 AM	#3
u2girlcj War Child Premium Member Join Date: May 2004 Location: Gettin' hot in a photo booth, Sea-attle Posts: 913 Local Time: 05:37 AM	I thought Live Nation already did the tours and U2.com. But hey, I'm just happy I won't have to deal with Ticketmaster for the next tour! "Live Nation plans to launch a competing ticket service to sell seats to its own concerts as well as events staged by others..." __________________ We scorch the earth, set fire to the sky.

04-01-2008, 05:20 AM	#9
drumkeeran War Child Premium Member Join Date: Mar 2001 Location: Upstate NY, USA - own personal Bono pleaser Posts: 903 Local Time: 08:37 AM	You've gotta hope for improvements. __________________ If your glass house should crack....POE

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03-31-2008, 10:19 AM	#2
Elvis Site Administrator Staff Join Date: May 2000 Location: Orange County, CA Posts: 3,988 Local Time: 05:37 AM	Dang. I can't wait to hear what the terms are for this deal.

03-31-2008, 01:44 PM	#4
Carek1230 Insomniac Extraordinaire Premium Member Join Date: Nov 2002 Location: on the beach Posts: 42,106 Local Time: 05:37 AM	Wow! It's gotta be a BIG deal and this is so exciting to hear!

03-31-2008, 02:24 PM	#5
Zoomerang96 ONE love, blood, life Join Date: Jun 2000 Location: slovakia Posts: 12,075 Local Time: 07:37 AM	disgusting. clear channel blows.

03-31-2008, 03:07 PM	#6
hiphop Rock n' Roll Doggie ALL ACCESS Join Date: Apr 2001 Location: in the jungle Posts: 7,084 Local Time: 02:37 PM	lol Zoom good for LiveNation, after signing Madonna they´re moving forward so they are an established key player in the industry. Paul Mc Guinness mentioned them at MIDEM, they have been talking about it for a couple of months.

03-31-2008, 03:41 PM	#7
orginal species Babyface Join Date: Nov 2004 Location: So. Cal Posts: 2 Local Time: 12:37 PM	Live Nation isn't any better than Ticketmaster. Look for ticket prices to go up even more.

03-31-2008, 09:31 PM	#8
pepokiss Rock n' Roll Doggie VIP PASS Join Date: Dec 2002 Location: Chile Posts: 5,636 Local Time: 08:37 AM	can you say "good bye GA" ?

04-01-2008, 06:33 AM	#10
Zoomerang96 ONE love, blood, life Join Date: Jun 2000 Location: slovakia Posts: 12,075 Local Time: 07:37 AM	just out of curiousity... do ANY of you know anything about clear channel/live nation?

04-01-2008, 06:43 PM	#12
Rachel D. Refugee Join Date: Oct 2003 Location: USA Posts: 1,144 Local Time: 07:37 AM	I think this will be a good change. Hopefully the web site will be better, with better stuff in the U2 Store. I saw a car covered with Dave Matthews Band stickers the other day and thought, "Wouldn't it be great if U2 had a better selection of merchandise?"

04-02-2008, 03:18 PM	#14
Mrs. Garrison Acrobat Join Date: Nov 2006 Location: I'm totally sober Posts: 306 Local Time: 07:37 AM	clear channel sucks u2 should know well enough to steer clear of this type of thing, what did they need the money that bad? Everything you know is wrong, i guess.