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BUSINESS
May 22, 2009 | Times Staff and Wire Reports
There will be no encore for Jay-Z and Def Jam. In an interview with RapRadar.com, the rapper confirmed reports that he had left the record company where he made most of his biggest hits and went from artist to president and back to artist again. Last year, Jay-Z and Live Nation Inc. struck a deal that included touring, publishing and albums. Jay-Z had owed Def Jam one more record.
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BUSINESS
September 12, 2008 | From Times Wire Services
When Live Nation Inc. leaves Ticketmaster next year to launch its own ticketing service, it won't go alone. The concert promoter -- which was once Ticketmaster's largest client -- signed a multiyear agreement with Philadelphia-based SMG, a facilities operator that runs 216 venues including 75 arenas and nine stadiums. Live Nation says it expects to sell 25 million tickets to SMG venues over the course of the deal, beginning in late 2009, which analysts estimate could account for about $50 million in revenues for the Beverly Hills-based concert promoter.
BUSINESS
August 7, 2012 | By Dawn C. Chmielewski, Los Angeles Times
Lucas Cruikshank and his hyperactive Fred character had millions of YouTube fans and a line of merchandise when Hollywood came calling. Then a manager from the Collective pitched the Nebraska teenager a vision for his squeaky-voiced character that would result, three years later, in a holiday album, three made-for-TV movies, and a series on Nickelodeon. "So many people in the industry didn't know if you could take something on the Internet and cross it over to mainstream TV and movies," said Cruikshank, now 18. "It felt really good to prove them wrong.
BUSINESS
July 7, 2006 | From Bloomberg News
EMI Group said Thursday that it would distribute the recordings of Mandy Moore and rock group Army of Anyone through a new label created by talent management company the Firm that plans to share profit directly with the artists. The profit-sharing aspect of the label, which hasn't yet been named, differs from traditional royalty agreements, London-based EMI and the Firm said.
BUSINESS
October 22, 2008 | Swati Pandey, Pandey is a Times staff writer.
Ticketmaster said Tuesday that it would fire about 5% of its global workforce as part of a previously announced cost-reduction plan. The West Hollywood ticket vendor said about 300 jobs would be eliminated. The company has about 6,000 full-time and part-time employees. In August, Ticketmaster said it would reduce operating expenses by about $35 million as it integrated two companies -- ticketing technology maker Paciolan and ticket reseller TicketsNow -- that it acquired earlier this year.
BUSINESS
September 20, 2011 | Alex Pham
Universal Music Group Inc., the largest music company in the world, is forming a joint venture to manage musicians with Live Nation Entertainment Inc., the world's biggest ticketing, concerts promotions and artist management firm. The deal puts Universal's small cluster of four management companies under Live Nation's Front Line Management Group, whose 90 executives manage 250 artists, including the Eagles, Jimmy Buffett, Kenny Chesney and Christina Aguilera. Under the agreement, Front Line will oversee the joint venture.
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