Madonna's new record deal

[bearman🐻]

http://news.bbc.co.uk/2/hi/entertainment/7047969.stm
 
 Personally, I think it's criminal if an artist embraces anything to do with that whole Live Nation/Clear Channel b.s. That's like shaking hands with the devil. But ultimately it's up to the fans to determine whather or not they want to spend outrageous money on concert tickets and merchandise. Guess it was too enticing for Madonna not to accept $120 million. But it's not like she hasn't already made a buttload of money already.

[bull930]

Originally posted by bearman:
  http://news.bbc.co.uk/2/hi/entertainment/7047969.stm
 
 Personally, I think it's criminal if an artist embraces anything to do with that whole Live Nation/Clear Channel b.s. That's like shaking hands with the devil. But ultimately it's up to the fans to determine whather or not they want to spend outrageous money on concert tickets and merchandise. Guess it was too enticing for Madonna not to accept $120 million. But it's not like she hasn't already made a buttload of money already.

it's expanding the game.......we shall see where it goes from here??

[azaghal1981]

It confuses and bewilders and disgusts me when smaller artists/bands want to have anything to do with them. They're ruining live music; you'd think people would've learned their lesson not to work with them after they single-handedly destroyed radio beyond repare.

[Bombay Chutney]

Coolfer
 
 According to a Live Nation SEC filing, Madonna was given $25 million in stock (1,174,371 shares) for her recently inked contract. As of Live Nation's last quarterly earnings date, the company had 65.5 million shares outstanding. Let's do the math: Madonna now owns about 1.8% of the company's stock. The company's Proxy Statement lists the company's security ownership. Madonna, according to this list, would be the fifth largest shareholder of Live Nation and the second largest individual shareholder (behind only L. Lowry Mays, the chairman of the board and founder of Clear Channel Communications, who owns 14.9% of the shares).

[Sage 703]

Originally posted by Bombay Chutney:
  Coolfer
 
 According to a Live Nation SEC filing, Madonna was given $25 million in stock (1,174,371 shares) for her recently inked contract. As of Live Nation's last quarterly earnings date, the company had 65.5 million shares outstanding. Let's do the math: Madonna now owns about 1.8% of the company's stock. The company's Proxy Statement lists the company's security ownership. Madonna, according to this list, would be the fifth largest shareholder of Live Nation and the second largest individual shareholder (behind only L. Lowry Mays, the chairman of the board and founder of Clear Channel Communications, who owns 14.9% of the shares).

False.
 
 L. Lowry Mays owns 5.4% of the stock.  I doubt he's bought almost 10% of the shares since February.  Fidelity Investments owns 14.9% of the stock.  That data comes from the very link that they cite in the Coolfer story.  Pretty lazy journalism.
 
 http://www.sec.gov/Archives/edgar/data/1335258/000119312507073540/ddef14a.htm#tx98765_6

[Bartelby]

Freight train/tunnel...no light. This has been coming for the past two years.
 
 One analogy for Madonna's decision:  Senior citizens usually move into retirement communities because they no longer what to take care of the details of life themselves.  This must be Madonna's senior moment...she must also feel that many more artists will make the same decision since she probably thinks she's a trend-setting icon.  Any bets on who's next?
 
 Lemonade out of lemons:  This may finally get the visibility needed to kick-off a Dept. of Justice investigation into monopolistic predation in the music business:  Only this time, there's no payola since they also own the radio stations.  Sigh.

[Bombay Chutney]

Originally posted by callat703:
  False.
 
 L. Lowry Mays owns 5.4% of the stock.  I doubt he's bought almost 10% of the shares since February.  Fidelity Investments owns 14.9% of the stock.  That data comes from the very link that they cite in the Coolfer story.  Pretty lazy journalism.
 
  http://www.sec.gov/Archives/edgar/data/1335258/000119312507073540/ddef14a.htm#tx98765_6

I just assumed "individual" meant a single person, rather than an investment group.  That's probably why he lists her as 5th overall and 2nd highest individual.

[Sage 703]

Originally posted by Bartelby:
 This may finally get the visibility needed to kick-off a Dept. of Justice investigation into monopolistic predation in the music business:  Only this time, there's no payola since they also own the radio stations.  Sigh.

Again, false.

[Sage 703]

Originally posted by Bombay Chutney:
  I just assumed "individual" meant a single person, rather than an investment group.  That's probably why he lists her as 5th overall and 2nd highest individual.

Yeah, that's true.  But the difference between an individual owning 5.4% and 14.9% is pretty huge.

[Bartelby]

Originally posted by callat703:
   

Originally posted by Bartelby:
 This may finally get the visibility needed to kick-off a Dept. of Justice investigation into monopolistic predation in the music business:  Only this time, there's no payola since they also own the radio stations.  Sigh.

Again, false. [/b]

Ummm...What's false: My opinion or Clear Channel's control of some major market radio stations?

[Sage 703]

Originally posted by Bartelby:
   

Originally posted by callat703:
   

Originally posted by Bartelby:
 This may finally get the visibility needed to kick-off a Dept. of Justice investigation into monopolistic predation in the music business:  Only this time, there's no payola since they also own the radio stations.  Sigh.

Again, false. [/b]

Ummm...What's false: My opinion or Clear Channel's control of some major market radio stations? [/b]

Live Nation and Clear Channel are separate companies, both of which are publicly traded.

[Bartelby]

Check the make up of LN's board/management committees and past acquisitions.

[TheDirector217]

Originally posted by callat703:
   

Originally posted by Bartelby:
   

Originally posted by callat703:
     

Originally posted by Bartelby:
 This may finally get the visibility needed to kick-off a Dept. of Justice investigation into monopolistic predation in the music business:  Only this time, there's no payola since they also own the radio stations.  Sigh.

Again, false. [/b]

Ummm...What's false: My opinion or Clear Channel's control of some major market radio stations? [/b]

Live Nation and Clear Channel are separate companies, both of which are publicly traded. [/b]

Well, you've turned into quite the internet detective haven't you?    

[azaghal1981]

Wow that's a stupid spelling error I made up there.  

[vansmack]

Originally posted by Bartelby:
  Check the make up of LN's board/management committees and past acquisitions.

That doesn't matter.  In the eyes of busniess entity, they are considered two separate entities.  I bet if you looked at all of the auto industry, you'd find similar boards with the same contracts with similar companies, but no one would argue that Ford and GM are the smae company.  Now if they shared the same CEO....