Klang by The RakesThe third album for the British indie-rock band was recorded in Berlin. [Rock, Indie]
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Published: 2009-03-30
Provider: Metacritic
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Ten New Messages by The RakesThe London band's second album was produced by Jim Abiss and Brendan Lynch. [Indie, Rock]
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Published: 2007-03-28
Provider: Metacritic
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U2 Sell Off Live Nation Stock as Value of Concert Giant’s Shares FallPhoto: Getty U2’s stock option deal with Live Nation will cost the concert giant $19 million: The band has moved to sell the 1.6 million shares they acquired in their 12-year deal with the company. U2 was guaranteed $25 million when the contract was signed in March, when the shares were worth $25 million. With Live Nation stock slumping to only $3.91 a share as of yesterday, the 1.2 million shares is only worth about $6.3 million. Thus, Live Nation will have to cover the additional $19 million that was promised to the band. Madonna struck a similar deal with Live Nation in October 2007, but the stock has plunged 83 percent since the deal. The Material Mom can start selling her shares in April ‘09, and Live Nation will once again have to cover the $25 million. Madonna’s Sticky & Sweet Tour profits more than make up for what they’ll owe the Material Girl, however, and Live Nation expects the same when U2 tour behind their new album next year. “The Madonna business is great, and we look forward to monetizing our investment in U2 next year,” said Live Nation chief executive Michael Rapindo. Related Stories: • Madonna Tour Rakes In $91.5 Million, On Pace For Records • U2 Net $19 Million in Live Nation Shares In Touring Deal • U2 Signs Deal With Live Nation
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Published: 2008-12-18
Provider: Rolling Stone
Keywords: Rock News
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Bon Jovi, Springsteen, Spice Girls Lead List of 2008’s Top-Grossing ToursPhoto: Getty Bon Jovi and his Lost Highway jaunt was named 2008’s top-grossing tour, scoring $210.6 million and drawing over 2.1 million fans during a trek that covered both the U.S. and Europe. According to the Billboard Boxscore, Bruce Springsteen and the E Street Band claimed second place as the Magic tour grossed $204 million. Madonna’s ongoing and record-breaking Sticky & Sweet Tour held the third spot thanks to $162 million, the second leg of the Police reunion tour grossed $150 million for fourth and Celine Dion rounded out the top five with $91 million. The year’s top-grossing engagement was the Spice Girls’ 17-night sold-out run at London’s O2 Arena, which earned $33.8 million, while Celine Dion performed at the year’s top-grossing concert, as her return to Quebec and Montreal’s Bell Centre made $33.8 million, nearly twice as much as Bonnaroo grossed ($17 million.) Despite the worldwide recession, the touring industry had their best year on record with grosses just under $4 billion, up 13% from last year. Related Stories • Madonna Tour Rakes In $91.5 Million, On Pace For Records • Bon Jovi Complains After Sarah Palin Uses Song At Rallies • Bon Jovi Pack in Hits and Hardcore Fans at Free Central Park Show
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Published: 2008-12-11
Provider: Rolling Stone
Keywords: Rock News
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