Headlines

July 01, 2008

Live Nation, Shakira close to $70 million '360 deal'...

New York Post | Read Full Story >

Concert promoter Live Nation is wrapping up the final details of a deal with pop star Shakira valued at upward of $70 million and could announce the pact within weeks, The Post has learned.

According to several sources close to the situation, Live Nation and Shakira have agreed to the terms of a deal and are now going over the fine print. Sources said the deal will be for recording, touring, merchandising and other rights, known in the industry as a “360 deal.”

Inking the Shakira deal comes just one week after a brawl in Live Nation’s boardroom prompted the resignation of Michael Cohl as chairman. The battle focused on the number – and type – of artists the company is signing, as well as the economics of such deals.


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6 Comments

#1 stockbroker says:

short Live Nation

#2 the sun says:

and rupert murdoch's saying justice is producing chilli peppers' upcoming album?

#3 Dennis Hopper says:

I agree, Live Nation has a knack for finding good talent. When I watch Shakira, I get a nice feeling in my pants.

#4 Peter Fonda says:

No way Hopper, you've been going through my acid batch again, when did Shakira have, any, talent???

#5 Boardroom Brawl says:

Do they mean figurative brawl or literal? I wants to hear about some fisticuffs!

#6 Anonymous says:

I'm with #1 stockbroker on this one.


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