The guys in U2 have reason to celebrate this morning, as they have just signed a 12 year deal with concert promoters Livenation. There was an undisclosed amount of money that will promise the guys in U2 will not be broke any time soon. This of course does not change the deal that U2 has with Universal Music, and will still release music through that major label. However, Livenation will handle online branding and distribution of the rock group.

This of course is interesting considering the rumors of Motley Crue signing a similar deal with Livenation. Whatever the case is, Rock music and mega bands like U2 are still major revenue sources for major labels and those interested in the band as a whole.

So all those news reports about the music industry dying, might have not counted on major deals with bands like U2.

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