Rolling Stones Said in Talks With Live Nation, AEG for Tour
By Kristen Schweizer - Jul 27, 2010 7:01 PM EDT
http://www.bloomberg.com/apps/datapid=avimage&iid=iDk3dxrcFBIwMick Jagger, lead singer of The Rolling Stones.
Photographer: Jack Atley/Bloomberg
The Rolling Stones, whose hits include “Satisfaction” and “Sympathy for the Devil,” are in talks with promoters AEG Live and Live Nation Entertainment Inc. for a tour, according to a person who declined to be identified because talks are private.
The Stones are planning concerts in the next few years and haven’t yet signed a contract, said the person. An auction for the tour has been under way for about a month and a group of independent promoters is also bidding, the person said.
A spokesman for the band declined to comment on the auction and said The Rolling Stones have no plans to retire. The U.K.’s Sun newspaper reported last weekend that the group’s 50th anniversary shows would be its last. Spokespeople for Live Nation and AEG Live couldn’t be immediately be reached for comment.
The band, which turns 50 in two years, holds the record for the most profitable tour with the 2005-2006 “A Bigger Bang,” which took in $558.3 million, according to music news website Spinner. With record sales plunging 30 percent in the past decade and illegal downloads of music accounting for almost all music heard online, live performance has become the industry’s most lucrative and fastest-growing segment.
Fans are paying twice the price for tickets to top concerts compared with a decade ago. Artists who once performed live to promote record sales are now churning out albums to boost attendance at shows.
BloombergThe wheels are turning.
Be very surprising if Live Nation didn't land the bid, imo.
They control a lot more venues than their competitors.