Live Nation is negotiating to buy the management companies behind U2 and Madonna, according to the New York Times, citing people with direct knowledge of the deals.
Live Nation would reportedly pay more than $30 million for both Principle Management and Maverick. Principle is the company of longtime U2 manager Paul McGuinness and Madonna manager Guy Oseary runs Maverick. In an unexpected shift, Oseary would take over the day-to-day management of U2 and McGuinness would become the chairman of Principle, the Times Reports. The latter’s role was not fully clear.
In a statement to the Times, McGuinness said: “It could be seen as slightly poor etiquette for a manager to consider retiring before his artist has split, quit or died, but U2 have never subscribed to the rock and roll code of conduct. As I approach the musically relevant age of 64 I have resolved to take a less hands-on role as the band embark on the next cycle of their extraordinary career.
“I am delighted that Live Nation, who with Arthur Fogel have been our long term touring partners, have joined us in creating this powerful new force in artist management. I have long regarded Guy Oseary as the best manager of his generation and there is no one else I would have considered to take over the day-to-day running of our business.”
In addition to concert promotion and Ticketmaster, Live Nation also manages some 200 artists through its Artist Nation division, and has inked previous deals with U2 and Madonna.
U2 is readying a new album for tentative release in April, Billboard has learned, and is shopping for brand partners to announce the new project via a Super Bowl commercial. Leading the meetings for Bono, McGuinness & Co. is Oseary, who’s been reaching out to potential sponsors on the band’s behalf, according to four executives familiar with plans. Danger Mouse has been producing the set, which was recorded primarily at New York’s Electric Lady Studios.
Oseary did not respond to requests for comment from Billboard Tuesday afternoon.
Nike pays tribue to LeBron James’s past and present with the “Akron vs. Miami” and “Miami Nights.” The two new colorways celebrate James’s journey from Akron, the city where he was born to Miami, the city that has embraced him. The “Akron vs. Miami” will be available on December 7 while the “Miami Nights” will be available on December 14. Look for them at select retail locations and nike.com.
It’s official: Eminem’s new album, “The Marshall Mathers LP 2,” debuts at No. 1 on the Billboard 200 chart with the second-largest sales week of the year.
The set, released on Nov. 5, sold a bigger-than-expected 792,000 copies in the week ending Nov. 10, according to Nielsen SoundScan. Last week, industry sources had forecast it to bow with around 750,000.
The rest of the new Billboard 200 chart’s top 10 will be revealed on Nov. 13.
Justin Timberlake continues to reign with the year’s biggest week, when “The 20/20 Experience” bowed at No. 1 with 968,000 in March. The year’s second-largest week had been the arrival of Drake’s “Nothing Was the Same,” which it debuted with 658,000.
“MMLP2″ also logs the sixth-biggest sales week of the past five years. Since November of 2008, the only larger weeks were earned by Taylor Swift’s “Red” (2012, 1.2 million its debut), Lady Gaga’s “Born This Way” (2011, 1.1 million debut), Swift’s “Speak Now” (2010, 1 million debut), Timberlake and Lil Wayne’s “Tha Carter IV” (2011, 964,000 debut).
“MMLP2″ marks Eminem’s seventh No. 1 album — all consecutive, and all debuts at No. 1. His only album to miss the top slot was his first release, 1999′s “The Slim Shady LP.” It debuted and peaked at No. 2.
Impressively, “MMLP2″ posts a larger debut than Eminem’s last album, 2010′s “Recovery,” which started with 741,000. And both albums bowed bigger than his previous set, 2009′s “Relapse,” which entered with 608,000.
I GOTTA STAY IN THIS
To mark Beverly Hills’ 2014 Centennial, the suite is set to be redecorated to celebrate a different era from the past century. Guests staying at this suite will be transported back to moments in time from the past 100 years and can indulge in the legendary style of one of the world’s most glamorous cities. The celebratory suite has been inspired by the lifestyle of Marilyn Monroe who was also a regular at the hotel. Designed by one of the most renowned hospitality designers, Adam D. Tihany, The Beverly Hills Hotel’s Suite 100 reflects the understated-elegance style of Paul Williams, the celebrated architect who designed the hotel’s Polo Lounge. This suite is gracefully decked up in curved furnishings in rich hues of green and blue that sets off with the existing architectural details of the suite’s curved ceilings and walls. Featuring black lacquer finishes, tropical prints, shag carpets and a bar made of rich sycamore wood, the decor beckons Californian style.
Nike Air Max 90 PRM “Tiger Camo”
Release Date: 11/27/13
Mariah Carey Dishes on ‘Idol’ Experience with Angie Martinez: “It Was Like Going to Work Every Day in Hell with Satan”
With her new single “The Art of Letting Go” finally here, Mariah Carey visited Hot 97 for some girl talk with Angie Martinez. The R&B diva spoke on her new management situation with Jermaine Dupri, insecurities at this stage in her career, the new album coming tentatively in January, married life with husband Nick Cannon, the decision to release her new single on Facebook, and Mariah’s kids singing on her upcoming solo LP.
After sharing some toasts and having a few celebratory drinks, Mariah opened up on her rocky experience as a judge on American Idol. “It was like hell…like going to work every day in hell with Satan,” said Mariah jokingly before mentioning she loved the contestants and meeting great people along the way. Out now, purchase “The Art of Letting Go” oniTunes.