“I told you earlier this week that the Rolling Stones are looking at a deal with concert promoter Live Nation that would also cover the release of their CDs. The deal is similar to the one Madonna signed in 2007,” Roger Friedman reports for FOXNews.
“Now I’m told that at least two more big acts are in talks with Live Nation along similar lines. The most surprising of these is U2, which has spent its entire career on either Island Records or a company connected to it, Interscope. They are all part of the Universal Music Group,” Friedman reports. “The other artist I’m told is talking to Live Nation is Christian singer Michael W. Smith.”
“Times are changing quickly in what’s left of the music business, and U2 is said to be wanting out. If they go with Live Nation, their exit from UMG will be a blow to all, including Doug Morris and Jimmy Iovine, the group’s principal contacts,” Friedman reports.
“If U2 makes this kind of deal, along with the Stones and Madonna, soon all bets will be off at the majors over long term or heritage artists. The Eagles are already on their own through Wal-Mart, Paul McCartney, James Taylor, Carly Simon and Joni Mitchell have jumped to Starbucks’ Hear Music, and Radiohead deserted EMI for their own company,” Friedman reports.
Full article here.
Do it, U2! If it finally drives that old, greedy, out-of-touch S.O.B. Doug Morris into belated retirement, so much the better.