Nickelback Inks 360
Nickelback becomes the second major act in less than a week and the fourth overall to ink a 360 deal with Live Nation, as the company announced a long-term global partnership with the band July 8th.
Financial terms were not disclosed.
The unified rights deal includes all of Nickelback’s global music enterprises, including three touring and album cycles with an option for a fourth. It also includes tour sponsorship, merchandise, VIP/travel packages, secondary ticketing, recorded music, non-tour sponsorship and endorsements, DVD and broadcast rights, fan club, Web site and literary rights, according to a statement.
The Live Nation deal marks end of the Canadian band’s long relationship with Roadrunner Records.
"Our relationship with everyone at Roadrunner Records has been amazing throughout our career and we look forward to continuing that same great relationship for the remainder of our recording commitment with them," Nickelback’s Chad Kroeger said in a statement.
"With that said, the Live Nation deal helps us maximize the band’s opportunities in all areas of our career. We are extremely confident that Live Nation’s complete global team is the world’s finest and we are excited to be a part of the Live Nation vision and future."
Nickelback still owes Roadrunner two studio albums and a greatest hit compilation, a label spokeswoman told Pollstar.
Nickelback joins Madonna, Jay-Z and Shakira in Live Nation’s stable of artists with long-term, comprehensive deal packages. U2 has a deal that includes most of the same features, but does not include recordings.
"Our global distribution and marketing platform is uniquely positioned to help them accelerate the growth of their fan base and maximize their earnings across all their potential revenue streams," Live Nation CEO Michael Rapino said.
"Nickelback’s addition to our incredible roster of artists confirms that we remain on plan to sign global rights deals with the world’s most successful artists to feed our core concert pipe."
The deals with Shakira and Nickelback come hot on the heels of the departure of former Live Nation board chairman Michael Cohl over what is believed to have been a dispute over the pace of 360 deals. But both were also rumored to be in the pipeline for months before the reported spat between Cohl and Rapino became public.