Live Nation Artist Mega-Deals Include Equity Stakes
Public filings with the SEC have revealed that Live Nation not only provided mega-bucks to Madonna, U2, Jay-Z and others to secure the 360 deals, but also offered each artist an equity stake in the company. Madonna secured 1.7 million shares, Jay-Z snagged 775,000, and U2 scored 1.56 million, which amounts to a little over 2% of Live Nation. Shakira and Nickelback were left out of the action. No word yet on how many much of...
MySpace Launches MyAds – Targets MySpace Music Bands
MySpace has announced that its MyAds program is now available to the public. MySpace Music is aggressively pursuing bands and individual artists to participate in the new advertising program. Bands will be able to create their own banner ads and then specifically target which MySpace users will see the ads based on the users’ listed interests. So far there are roughly 1100 categories of interests, ranging from hip-hop to rock to...
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