.

Universal Forms Artist Management Company with Live Nation

Largest label group teams with top ticketing company

September 20, 2011 8:45 AM ET
irving azoff live nation universal music
Live Nation's Executive Chairman, Irving Azoff.
Charley Gallay/Getty Images For City Of Hope

Universal Music Group is forming a joint venture with Live Nation Entertainment to form a new artist management company. The deal will bring Universal's four management firms under the banner of Live Nation's Front Line Management Group, which boasts major artists such as the Eagles, Christina Aguilera and Jimmy Buffett as clients. Live Nation will have control and co-ownership of the company.

Photos: Random Notes
Since Universal is the world's largest record company and Live Nation – which includes Ticketmaster – is the biggest ticketing company, this joint venture is likely to give clients an incredible degree of leverage in the market. The companies are already planning on making the most of their collective resources. "We are creating a series of new platforms and global direct-to-consumer initiatives that will further expand the presence of our artists in the evolving marketplace while providing music fans with even more flexibility in how they consume music," Lucian Grainge, chief executive of Universal Music, said in a statement.

To read the new issue of Rolling Stone online, plus the entire RS archive: Click Here

prev
Music Main Next

blog comments powered by Disqus
Around the Web
Powered By ZergNet
Daily Newsletter

Get the latest RS news in your inbox.

Sign up to receive the Rolling Stone newsletter and special offers from RS and its
marketing partners.

X

We may use your e-mail address to send you the newsletter and offers that may interest you, on behalf of Rolling Stone and its partners. For more information please read our Privacy Policy.

Song Stories

“You Oughta Know”

Alanis Morissette | 1995

This blunt, bitter breakup song -- famous for its line "Would she go down on you in a theater?" -- was long rumored to be about Alanis Morissette getting dumped by Full House actor Dave Coulier. But while she never confirmed it was about him (Coulier himself says it is, however), she insisted the song wasn't all about scorn. "By no means is this record just a sexual, angry record," she told Rolling Stone. "The song wasn't written for the sake of revenge. It was written for the sake of release. I'm actually a pretty rational, calm person."

More Song Stories entries »
 
www.expandtheroom.com