October 18, 2008 |
Call it stock, options and rock 'n' roll. The rock band U2 now owns a chunk of concert promoter Live Nation Inc. U2 will receive 1.56 million shares worth about $18.5 million, or about 2.1% of Live Nation's shares outstanding, according to filings made with the Securities and Exchange Commission.
October 24, 2008 |
The turf war between the world's top ticketing company and the world's top concert promoter just got bloodier. Ticketmaster Inc. announced Thursday that it had acquired a controlling stake in Front Line Management Group Inc., the artist management company that's home to legacy acts such as the Eagles and Journey along with divas and divos such as Christina Aguilera and Guns N' Roses.
April 1, 2008 |
Live Nation Inc. said Monday that it had reached an agreement for a 12-year global contract to handle the merchandising, digital and branding rights as well as the touring of Irish rock band U2. The Beverly Hills company has been expanding its business model to develop more far-reaching and deeper relationships with artists beyond just handling their touring.
July 3, 2008 |
Shakira is joining Madonna, Jay-Z and U2 in forgoing traditional record industry alliances to sign a multimillion-dollar long-term contract with promotion giant Live Nation. The 10-year contract gives Live Nation the right to handle her concerts, recordings, merchandising and other aspects of her career, according to a statement issued by her publicist. It did not specify when the contract would take effect or the dollar value, but it was estimated to be worth $70 million to $100 million by various music industry sources.
August 22, 2008 |
Concert company Live Nation Inc. said it had agreed to an exclusive five-year deal with entertainment firms CIE and Time for Fun to extend its reach into Latin America. Terms were not disclosed.
February 5, 2008 |
Concert promoter Live Nation Inc. named Michael Cohl chairman, replacing Randall Mays. The promotion of Cohl, who was previously vice chairman, was effective immediately, the Beverly Hills-based company said. Mays is president of radio broadcaster Clear Channel Communications Inc., which spun off Live Nation as a public company in 2005.
September 20, 2008 |
Live Nation Inc., the Beverly Hills-based concert promoter, named Jason Garner to the newly created role of chief executive of global music. Garner, who previously oversaw the North American region, will report directly to CEO Michael Rapino, the company said.
May 6, 2009 |
Concert promoter Live Nation Inc. is selling three Boston venues for $22.5 million to pay down some of its debt. The Los Angeles company said it would sell the Boston Opera House, the Orpheum Theatre and the Paradise Rock Club by the third quarter. A Live Nation spokesman said the buyer was Boston Opera House Ventures. Live Nation will continue to promote concerts at the venues.
May 2, 2008 |
Live Nation Inc. signed a 10-year agreement with rapper Jay-Z that includes live shows, recordings and millions of dollars that the performer can invest in new businesses. Jay-Z, whose given name is Shawn Carter, received options to buy 500,000 shares of Live Nation stock at $13.73 each, the Beverly Hills concert promoter disclosed in a regulatory filing. Additional financial terms are not being released, the company said.