Miscellaneous Picture Mix #27

The friendliest place on the web for anyone that follows U2.
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Jo/Mel :drool:
 
DECEMBER 18, 2008, 11:50 A.M. ET For U2,

Live Nation Deal Rocks Band's Stock Sale Will Cost Company Millions; Madonna Can Cash In, Too





By ETHAN SMITH
The Irish rock band U2 hasn't toured since 2006, but it stands to make $25 million in a sweetheart stock deal, according to SEC filings Wednesday and people familiar with the matter.

In March, the band struck a 12-year deal with Live Nation Inc., that called for the concert promotion giant to pay U2 partly with stock. Live Nation promised to pay tens of millions of dollars to high-profile artists in exchange for several years' worth of revenue from a broad range of their work, including concerts, online fan clubs and t-shirt sales. The idea was pitched as a novel way to make money in the ailing music business.

The company had held up the stock component of the U2 deal as evidence of the band's faith in Live Nation, as well as confidence in its new business model.

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But that faith was shaken Wednesday when the band moved to sell the shares, forcing Live Nation to make up an estimated $19 million in losses.,

Live Nation had guaranteed that U2 would receive $25 million for 1.6 million shares. But the current market value was just $6.1 million at the close of trading Wednesday. That leaves Live Nation on the hook for the balance, which the company said Wednesday in a SEC filing it would pay with cash on hand or borrowed money.

There could be more bad news coming from another of the company's marquee acts: Madonna. In April, Madonna is eligible to sell $25 million of stock under the terms of her contract, even though the stock's market value has plunged 83% since she struck her deal in October 2007.

Live Nation Chief Executive Michael Rapino sought to play down the significance of the stock sales. "Madonna and U2 are the only two deals that did contain this provision," he said. "The Madonna business is great, and we look forward to monetizing our investment in U2 next year."

Madonna's current "Sticky & Sweet" world tour is the pop star's first outing since she signed her 10-year, $120 million deal with Live Nation.

Live Nation expects to start recouping its investment in U2 when the band begins a planned tour next year and releases its 12th album.

Reached in London, where U2 is wrapping up work on the forthcoming album, band manager Paul McGuinness said: "We're very much in business with [Live Nation] and we're planning to tour in 2009."

Madonna and U2 were the first of six superstar acts whom Live Nation has agreed to pay hundreds of millions of dollars each for several years' worth of revenues. Jay-Z, Nickelback and Shakira are among the other artists with whom Live Nation has deals.
 
I just want him to open one more button on that shirt. If I was there and he did that I would have passed out.:drool:
 
IRISHTIMES.COM

Saturday, December 20, 2008

Dates set for release of new U2 album



TONY CLAYTON-LEA


IT HAS been a long time coming, but finally a date has been set for the new album from U2.

The Irish release date for the group’s 12th studio album, No Line On The Horizon, is February 27th. The worldwide release is March 3rd.

It is the first collection of new material since late 2004’s How to Dismantle an Atomic Bomb.

The album has had an unusually long gestation period. Initial recordings commenced in September 2006 with US producer Rick Rubin (who was responsible for the renewed critical reappraisal of Johnny Cash and, latterly, Neil Diamond), but it is understood most if not all of these recordings have been shelved. The parting of the ways between U2 and Rubin is said to have been amicable.

Sessions for No Line On The Horizon commenced in 2007, in the band’s own studio in Dublin and thereafter in Fez, Morocco, New York and, in November, London. A hiccup in the release schedule occurred earlier this year when some of the songs made their way on to the internet after Bono played them loudly on his hi-fi system in his south of France home and an eager fan recorded and uploaded them. The sound was of such poor quality, however, no one paid much notice.

The album title refers to, loosely speaking, a Zen image of infinity. “When you’re moving forward, but you’re not sure what you’re heading towards – that moment where the sea and the sky blend into one,” was how the band’s guitarist, The Edge, described it to a UK music magazine.

While the full track listing has not yet been announced, at least three songs – according to music industry bible Billboard – have been mentioned as being on the album: title track Unknown Caller, and Moment Of Surrender, which has been described as a “21st-century, seven-minute-plus grooveathon”.

U2 plan to tour next year in support of the album, but no Irish dates have yet been announced.
 
The album has had an unusually long gestation period.

they are kidding right . . . :lmao: standard practice I thought :)


While the full track listing has not yet been announced, at least three songs – according to music industry bible Billboard have been mentioned as being on the album: title track Unknown Caller, and Moment Of Surrender, which has been described as a “21st-century, seven-minute-plus grooveathon”.

:hyper: :hyper: :hyper:
 
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