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U2 Signs Deal With LiveNation

March 31, 2008 9:00 AM ET

In a move sure to have a huge ripple effect in the music industry, worldwide concert promoter LiveNation announced this morning that they have agreed to a twelve year deal with U2. Unlike their contract with Madonna, the U2 deal only includes concert promotion, merchandising and the band's website (U2 album distribution and publishing will still be handled by Universal Music Group, at least for the time being). The contract has not yet officially been signed and no dollar amount was named. Regarding the deal with the concert giant (who have handled most every U2 tour for the past two decades), Bono said "We've been dating for over twenty years now, it's about time we tied the knot."

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Song Stories

“Whoomp! (There It Is)”

Tag Team | 1993

Cecil Glenn — a.k.a., "D.C." — was a cook at Magic City, a nude dance club in Atlanta, when he first heard women shout "Whoomp — there it is!" Inspired by the party chant, he and partner Steve "Roll'n" Gibson wrote a song around it. Undaunted by label rejections, they borrowed $2,500 from Glenn's parents and pressed 800 singles, which quickly sold out in the Atlanta area. A record deal came soon after. Glenn said the song was meant for positive partying. "If you're going to say 'Whoomp there it is,' and you're doing something negative, we'd rather it not have come out of your mouth."

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