Canadian rock band Nickelback are the latest act to sign a global Rally directs anger at Musharraf ...
Olympic torch arrives back on Chinese soil ...
Beyonce and Jay-Z wedding confirmed ...
Odinga sworn in as Kenyan PM ... recording, touring and merchandising deal with concert promoter Live Nation.
The three-album, three-tour deal is said to be worth between $50m (Ј25m) and $70m (Ј35m), according to reports.
Madonna, Jay-Z, U2 and Shakira are some of the other major artists to sign with the company in recent months.
Nickelback, whose hit singles include Rock Star and Photograph, have sold more than 26 million albums to date.
The band, fronted by Chad Kroeger, still have two albums left to release through their current label Road Runner Records before they record any albums for Live Nation.
Disagreements
According to the promoter, Nickelback's last North American and Australian tour in 2006/2007 made more than $67m (Ј34m).
As part of the deal, Live Nation will handle all of its merchandising, licensing, sponsorship, secondary ticketing and endorsements.
It will also manage its DVD and broadcast rights, fan club, website and literary rights.
Live Nation has led the way in so-called "360-degree" deals that seek to bring top artists' activities under one roof.
However, internal disagreements over the company's strategy saw chairman Michael Cohl step down last month.
(BBC)
<< Back