Live Nation may have signed huge deals with Madonna, Shakira, and Jay-Z, but the upstart music company is looking to the major labels to distribute its tunes. According to a report in the New York Post this morning, Live Nation has been in talks with the likes of Warner Music Group and the other big music companies to get the music out to customers.Live Nation has made a splash in the business, signing so-called "360 deals" to handle everything from recording music to concert tours to merchandising for music acts. C.E.O. Michael Rapino has signed Madonna, Jay-Z, Nickelback, and Shakira to the deal but doesn't have a new album from any of them due out for at least 18 months, the Post said. Last week, Live Nation dumped three industry veterans originally signed to build a label within the company. The paper also posited the company could explore exclusive deals with major retailers such as Wal-Mart and Target. Any deal with a major music company could be awkward: for instance, distributing a new Madonna album with Warner Music, her former label.
news source : http://www.portfolio.com/news-markets?
No comments:
Post a Comment