October 20th, 2008
U2 Receives $18 Million Worth in Shares in Live Nation
U2 have reportedly landed 1.56 million shares from their concert promoters, Live Nation, according to Female First.
This financial move is said to be worth over $18 million after U2 made a 12-year deal the the concert promoter and handed over merchandising, branding, touring and other rights to Live Nation. Reports suggest that Jay-Z and Madonna have also received shares in the company too.
Wow, it sounds like U2 has scored financially! Good for them. Fans are eagerly awaiting their next tour!
Photo Source: PR Photos
http://gabbybabble.celebuzz.com/2008/10/u2-receives-18-million-worth-in-shares-in-live-nation.html
That's a huge amount of money ain't it
