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Shakira Deal With Live Nation ?

In marked contrast to the paralysis gripping EMI, Live Nation is humming with activity, and behaving more and more like a major label start-up. In recent days, the concert power has inked Jay-Z (who stills owes one album to IDJ) to a mammoth 360 deal for $150 million, 25% bigger than the last year’s precedent-setting arrangement with Madonna, while finalizing a non-record deal with U2. The next artist to bolt the major-label realm for a sweet deal with Live Nation will likely be Shakira, though she still owes two more records to Sony Music, while Beyonce is rumored to be contemplating an arrangement that does not involve records, a la U2. Meanwhile, on the executive side, Bill Hein, best known as the founder of ’80s indie label Enigma, has left EMI’s Caroline Distribution for Live Nation Recording Group, which will be the driving force behind the company’s foray into the record business. Hein rejoins famed producer Bob Ezrin (Alice Cooper, Kiss, Pink Floyd), his onetime partner in Enigma Digital and KNAC.com, who is now Chairman of LNRG. Observing this flurry of activity, and considering the several hundred million dollars they’ve poured into acquisitions, wonderers are wondering exactly what Michael Rapino and Michael Cohl have up their sleeves. Key questions include whether Live Nation will self-distribute (a possibility suggested by Hein’s arrival), and whether the company will handle its own marketing and promotion, which would mean hiring a staff of some size and expertise. The bigger question is, what is the company’s long-term plan? Will it confine itself to releasing superstar product, or does the strategy include picking up catalog and/or developing artists?

This article has been posted by: xxjohnxx
Posted at 04/24/2008. Original article can be found here.

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