Page last updated at 09:05 GMT, Tuesday, 8 July 2008 10:05 UK

Nickelback sign Live Nation deal

Nickelback singer Chad Kroeger
Nickelback's Rockstar is 2008's UK's second best-selling song to date

Canadian rock band Nickelback are the latest act to sign a global recording, touring and merchandising deal with concert promoter Live Nation.

The three-album, three-tour deal is said to be worth between $50m (25m) and $70m (35m), according to reports.

Madonna, Jay-Z, U2 and Shakira are some of the other major artists to sign with the company in recent months.

Nickelback, whose hit singles include Rock Star and Photograph, have sold more than 26 million albums to date.

The band, fronted by Chad Kroeger, still have two albums left to release through their current label Road Runner Records before they record any albums for Live Nation.

Disagreements

According to the promoter, Nickelback's last North American and Australian tour in 2006/2007 made more than $67m (34m).

As part of the deal, Live Nation will handle all of its merchandising, licensing, sponsorship, secondary ticketing and endorsements.

It will also manage its DVD and broadcast rights, fan club, website and literary rights.

Live Nation has led the way in so-called "360-degree" deals that seek to bring top artists' activities under one roof.

However, internal disagreements over the company's strategy saw chairman Michael Cohl step down last month.


SEE ALSO
Duffy to sell one million albums
07 Jul 08 |  Entertainment
Singer Shakira joins Live Nation
03 Jul 08 |  Entertainment
Driving ban for Nickelback singer
02 May 08 |  Entertainment
U2 sign 12-year Live Nation deal
31 Mar 08 |  Entertainment
Madonna signs radical record deal
16 Oct 07 |  Entertainment

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