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U2, Telstra Dome
Photo by Ros O'Gorman

U2 get shares in Live Nation deal

Wed, 22 Oct 2008 08:24:39 +1100

U2 will receive an estimated $19 million worth of Live Nation shares as part of a 12-year deal the rock band signed with the concert promotion company earlier this year.

Los Angeles-based Live Nation registered 1.56 million shares to U2 in a regulatory filing with the Securities and Exchange Commission.

The agreement between U2 and Live Nation, announced in March, includes worldwide touring, merchandising, and the band's U2.com Web site.
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