The rumored 360 deal between Shakira and megapromoter Live Nation has apparently been signed and sealed. MORE »
POSTS FROM "Deals" CATEGORY
Deals
The long-rumored $150 million, 10-year deal between Jay-Z and Live Nation reportedly closed Wednesday night, with Live Nation giving Jay a chunk of stock, $5 million per year for “overhead,” $25 million for acquisitions and investments, $10 million an album (for a three-album deal), and $20 million… MORE »
Deals
The long-rumored $150 million, 10-year deal between Jay-Z and Live Nation reportedly closed Wednesday night, with Live Nation giving Jay a chunk of stock, $5 million per year for “overhead,” $25 million for acquisitions and investments, $10 million an album (for a three-album deal), and $20 million… MORE »
Deals
The long-rumored $150 million, 10-year deal between Jay-Z and Live Nation reportedly closed Wednesday night, with Live Nation giving Jay a chunk of stock, $5 million per year for “overhead,” $25 million for acquisitions and investments, $10 million an album (for a three-album deal), and $20 million… MORE »
Deals
All You Need To Know About MySpace Music’s Forward-Thinking Strategies
“We believe the Web is becoming more social, and MySpace Music is a new way of consuming music online,” said Chris DeWolfe, co-founder and chief executive of MySpace. Like… paid downloads! And ad-supported streams! MORE »
Deals
Live Nation Apparently Willing To Throw Lots Of Cash Jay-Z’s Way
The New York Times is reporting that Jay-Z and Live Nation are on the verge of agreeing to a $150 million deal that will cover his recordings and tours for the next 10 years, as well as financing for his own venture, which will allegedly be called the Carter Music Group. MORE »
Deals
The banks who were supposed to finance the buyout of radio behemoth Clear Channel are, as reported yesterday, getting cold feet about backing the deal in the face of the credit crisis. MORE »
Deals
Credit Crunch Puts Clear Channel Buyout In Limbo
“The $19 billion privatization of Clear Channel Communications Inc. was near collapse as the private equity firms behind the deal and the banks financing it failed to resolve their differences over the terms of the credit agreement, people familiar with the matter said. … MORE »
Deals
Is the rumored deal where Cablevision and Ticketmaster would acquire 49% of concert promoter AEG Live on the verge of unraveling? MORE »
Deals
Concert Business To Become Even More Tightly Knit
Billboard is reporting that two of my personal least favorite companies, Ticketmaster and Cablevision–the latter of which counts Madison Square Garden and the MTV-in-Pull-Ups network Fuse among its holdings–are on the verge of collectively acquiring a 49% stake in AEG Live, the second-largest concert promoter in the United States. (AEG’s tours–which included Hannah Montana and Bon Jovi–took in $742 million last year, according to Billboard; the ever-expanding Live Nation was in the pole position.) According to sources, Fuse is in fact a key part of the deal, and the channel will be aggressively rebranded so that it can show the world that “AEG Live [is] a company now armed with a large media component and the world’s largest ticketing company in Ticketmaster.” But don’t change that dial just yet! That MBA mumbo-jumbo just means that you’ll probably be able to watch more live broadcasts of AEG Live-booked shows that just happen to be taking place at Fuse’s neighbor across the street, Madison Square Garden–not to mention festivals like Coachella and All Points West, which AEG also has a hand in booking. And wait, there’s more! MORE »
