Nickelback signs 3-album deal with Live Nation
Alberta rockers Nickelback are the latest group to sign a global recording and merchandising deal with concert promoter Live Nation, according to the company.
Los Angeles-based Live Nation has previously signed deals with Madonna, Shakira, Jay-Z and U2.
Nickelback, fronted by Chad Kroeger, has signed a three-album, three-tour deal that industry sources valued at $50-$70 million, Reuters reported Tuesday. Live Nation did not release terms of the deal.
Live Nation has specialized in all-inclusive packages. This deal has it handling all of Nickelback’s merchandising, licensing, sponsorship, endorsements, DVD and broadcast rights as well as fan club, website and literary rights.
Nickelback’s last North American and Australian tour in 2006/07 grossed more than $67 million and its last album, All the Right Reasons, sold 10 million copies.
Three singles from that album ó Photograph, Far Away and Rockstar ó were top 10 hits on the U.S. charts.
The band still has two albums left to deliver to its Road Runner Records label before it makes any records with Live Nation.
Nickelback has announced a September 2008 tour of Germany, the U.K. and Ireland.
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