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U2 Management Bought By Giant Ln According To Ny Times


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and most of all this could be one of the reasons for the delay of the new album....

This is the beginning of the end  

I see.     So fans wanted Eno and Lanois to go away, they did, fans complained.   Fans wanted McGuiness to go away. He is. Fans complained and now see doom and gloom.     Hey! good news out of

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If you don't like U2 anymore then you need not buy the next album or there is always The Killers!

 

I'd rather buy an album of gregorian chants Passengers stylee than ever listen to a killers album.

 

Glad to see the usual optimism from the rose tinted bvlgari spectacled U2 can do no wrong brigade,but me being a realist this has to be a bit concerning do we REALLY think U2 in live nations complete control are going to have a say?

 

This is from me a long standing U2 fan of 30 odd years who most times sticks up for them through thick and thin,I hope I am proved wrong and yep i'll hold me hands up if everything comes up roses in the U2 garden next year but I just can't see how this is gonna work out for us the fans in the near future.

 

I think this next year is a test for both the band and the fans to be perfectly honest.

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If you don't like U2 anymore then you need not buy the next album or there is always The Killers!

 

I'd rather buy an album of gregorian chants Passengers stylee than ever listen to a killers album.

 

Glad to see the usual optimism from the rose tinted bvlgari spectacled U2 can do no wrong brigade,but me being a realist this has to be a bit concerning do we REALLY think U2 in live nations complete control are going to have a say?

 

This is from me a long standing U2 fan of 30 odd years who most times sticks up for them through thick and thin,I hope I am proved wrong and yep i'll hold me hands up if everything comes up roses in the U2 garden next year but I just can't see how this is gonna work out for us the fans in the near future.

 

I think this next year is a test for both the band and the fans to be perfectly honest.

 

It's not about having rose tinted glasses and neither should it be about pre-judging something that has happened yet!

 

Assuming the worst when  a) we don't have all the facts and B) there's no new album to judge or tour to go to is just demonstrating that people need to get out more.

 

Yes next year will be a test but its not as if U2 haven't had testing tines before and come through those.

 

A little faith is required and if it all goes Peter Tong then I reckon U2 will be one of the first to put their hands up to it.

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Assuming the worst when  a) we don't have all the facts and B) there's no new album to judge or tour to go to is just demonstrating that people need to get out more.

 

 

That pretty well sums it up.

 

Personally I'm just here for the music and a band I've loved since I was a kid. I'll let someone else worry about the business end of things whom actually gets paid for it. 

 

People who want to worry and/or bitch about it... knock yourselves out. However, food for thought, it wont change a damn thing and it's out of your control. 

 

I rather like the way Neil McCormick put it in that article Fetboni posted:

 

"Rather than worrying too much about management changes behind the scenes, fans should see it as an indication that, after a period of reflection and regrouping, gears are clicking into place for the full-scale return of one of the biggest bands in the world.

 

Madonna’s fans, on the other hand, may well have something to worry about. I suspect Oseary is going to have his hands full next year." Source
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http://www.nytimes.com/2013/11/13/business/media/live-nation-said-to-be-near-deal-for-management-companies.html?_r=1&

 

 

hi, with this all finalized now ( new management ) hopefully all U2 fans will get date of the new album & hopefully next world tour :-)

Sure Paul mcguiness will not be cutting all ties in the running of U2 either .

 

NY TIMES

 

November 12, 2013

 

Live Nation Said to Be Near Deal for Management Companies  By BEN SISARIO

 

 

Live Nation Entertainment, the giant concert company that includes Ticketmaster, is in advanced negotiations to buy the management companies behind U2 and Madonna, according to several people with direct knowledge of the talks.

If the deal is consummated, it will further strengthen Live Nation’s already deep ties with U2 and Madonna, two of the highest-earning and most durable pop acts of the last 30 years. As part of the deal, Live Nation would pay more than $30 million for both Principle Management, the company of U2’s longtime manager, Paul McGuinness, as well as Maverick, run by Guy Oseary, Madonna’s manager, according to these people, who spoke on the condition that they not be named because they were not authorized to discuss the deal publicly.

In what would be one of the most surprising shifts in years among the forces behind pop megastars, Mr. Oseary, 41, would take over the day-to-day management of U2. Mr. McGuinness, 62, who has managed U2 almost since its inception — and in doing so became one of the most highly esteemed executives in the music business — would become Principle’s chairman, with a role that was not fully clear.

A spokeswoman for Live Nation declined to comment, and Mr. Oseary could not be reached Tuesday afternoon.

In a statement, Mr. McGuinness said: “It could be seen as slightly poor etiquette for a manager to consider retiring before his artist has split, quit or died, but U2 have never subscribed to the rock and roll code of conduct. As I approach the musically relevant age of 64 I have resolved to take a less hands-on role as the band embark on the next cycle of their extraordinary career. I am delighted that Live Nation, who with Arthur Fogel have been our long term touring partners, have joined us in creating this powerful new force in artist management. I have long regarded Guy Oseary as the best manager of his generation and there is no one else I would have considered to take over the day-to-day running of our business.”

According to Pollstar, a concert industry trade magazine, the top 10 highest-grossing tours include four by U2 and one by Madonna. U2’s last tour, called 360, had more than $700 million in ticket sales and was seen by nearly seven million people around the world.

Live Nation, which besides its concert promotion and ticketing business manages the careers of some 200 acts through its Artist Nation division, has had close ties with both U2 and Madonna for years. In 2007, it struck a $120 million deal with Madonna that covered touring and recorded music rights for a decade, and it later sold the recording rights to Universal. In 2008, it made a deal with U2 to handle the band’s touring and merchandising exclusively for 12 years.

Along with other arrangements Live Nation made around that time with Jay Z, Shakira and Nickelback, those deals came to symbolize a major change in the music business, as artists looked to concerts, merchandise and myriad other outlets to make up for lost record sales.

 

 

 

LN in, McGuinness out.

 

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