KINGBLIND: Music, Art & Entertainment Music News, Album & Concerts Reviews, MP3's, Music Videos, Art / Entertainment and much more!

LIVE NATION AND UNIVERSAL ANNOUNCE THEIR JOINT MANAGEMENT COMPANY…


Billboard.biz:
Live Nation Entertainment and Universal Music Group today announced the formation of a broad-based strategic partnership.

Live Nation Entertainment’s Front Line Management Group division and UMG will launch a joint-venture management company “aimed at managing and strengthening artists and their brands through a variety of worldwide sponsorships, strategic marketing campaigns and brand extension opportunities,” the companies said in a press release. The partnership will be managed by Front Line and “will focus on developing direct-to-consumer bundling initiatives for select UMG artists in key markets around the world that bring together concert tickets and a variety of music products with artist websites,” the release continues. In addition, ticketing and bundling products will be handled by Live Nation Entertainment’s Ticketmaster division…

Hypebot:
In a move that creates the world’s largest music management firm, Vivendi-Universal have formed a joint venture with Live Nation that will include UMG‘s owned management co.‘s Sanctuary, Trinifold, Twenty First Artists (TFA) and 5B and such artists as ZZ Top, The Who, Robert Plant, Judas Priest, Fleetwood Mac and Wolfmother. As we reported this morning, Live Nation Chairman Irving Azoff and his Front Line Management division will helm the venture. Front Line clients include The Eagles, Aerosmith, Christina Aguilera, Jimmy Buffet and Neil Diamond…