Nickelback confirms deal with Live Nation
As recently speculated, Nickelback has signed a long-term deal with Live Nation worth $50 to $70 million, according to Reuters. The "360"-style deal will incorporate all aspects of the band's business for three complete album and touring cycles, with an option for a fourth. The band will be paid its money over time, although there is no set schedule for the arrival of the three future recordings. Nickelback has two albums left on its current contract with Roadrunner Records, the first of which the band is recording now for a tentative release near the end of 2008.
Nickelback frontman Chad Kroeger said in a statement, "Our relationship with everyone at Roadrunner Records has been amazing throughout our career and we look forward to continuing that same great relationship for the remainder of our recording commitment with them. With that said, the Live Nation deal helps us maximize the band's opportunities in all areas of our career."
The deal encompasses touring, tour sponsorship, tour merchandise, tour VIP and travel packages, secondary ticketing, recorded music, clothing, licensing and other retail merchandise, non-tour sponsorship and endorsements, DVD and broadcast rights, fan club, online and literary rights. Nickelback's touring and merchandise were previously handled by other companies.
Nickelback is the fourth superstar act to sign with Live Nation, following Madonna, Jay-Z and Shakira, whose own deal was completed late last week. U2 is also signing with the entertainment company although that band's deal does not include recorded music.
Nickelback is coming off its most successful album yet, 2005's All The Right Reasons, which has sold nearly seven million copies. The hard-working Canadian quartet's two-year tour in support of that record sold more than 1.5 million tickets and grossed $67 million.
The group is reportedly recording its new disc with producer Robert John "Mutt" Lange, known for his work with AC/DC, Def Leppard and estranged wife Shania Twain.
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Nickelback frontman Chad Kroeger said in a statement, "Our relationship with everyone at Roadrunner Records has been amazing throughout our career and we look forward to continuing that same great relationship for the remainder of our recording commitment with them. With that said, the Live Nation deal helps us maximize the band's opportunities in all areas of our career."
The deal encompasses touring, tour sponsorship, tour merchandise, tour VIP and travel packages, secondary ticketing, recorded music, clothing, licensing and other retail merchandise, non-tour sponsorship and endorsements, DVD and broadcast rights, fan club, online and literary rights. Nickelback's touring and merchandise were previously handled by other companies.
Nickelback is the fourth superstar act to sign with Live Nation, following Madonna, Jay-Z and Shakira, whose own deal was completed late last week. U2 is also signing with the entertainment company although that band's deal does not include recorded music.
Nickelback is coming off its most successful album yet, 2005's All The Right Reasons, which has sold nearly seven million copies. The hard-working Canadian quartet's two-year tour in support of that record sold more than 1.5 million tickets and grossed $67 million.
The group is reportedly recording its new disc with producer Robert John "Mutt" Lange, known for his work with AC/DC, Def Leppard and estranged wife Shania Twain.
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