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...
EMI Reportedly Developing Direct To Consumer Online Music Store
EMI is reportedly hard at work developing a direct-to-consumer music service. The online destination is slated to launch by the end of the year. The service may live on EMI.com, which is dedicated to a mix of corporate and artist news. The music service will feature a mixture of paid and free content and also might include non-EMI artists as well. EMI is positioning the effort, which was first reported Wednesday in the Financial...
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