Tuesday, October 21, 2008

Down Economy Effecting U2??? Not so much...

U2 will get an estimated $19 million worth of Live Nation shares as part of a 12-year contract it signed with Live Nation in March. According to Billboard, the touring company registered 1.56 million shares to U2 in a regulatory filing with the Securities and Exchange Commission. The deal includes touring, merchandise and U2's website. The band's music will still be released through Universal Music.

U2's 2005-2007 Vertigo tour brought in close to $400 million.

U2 plans to release a new album early next year.

U2's Bono and The Edge are set to honor BB King and Paul Allen of Microsoft at the Thelonius Monk Institute of Jazz in Los Angeles on October 28th.

Amy Winehouse has dropped plans for a third album, according to British tabloid reports.

The Rehab hitmaker, 25, went to a country cottage earlier this year to shut herself away while she penned new tracks for the album - the follow up to her multi-award winning Back to Black.

But she has now decided to put the plans on hold - as she has failed to write any songs.

A source tells the Sunday People, "Amy doesn't seem to be able to get her head down and do some work." Apparently she's only been able to get her head down and snort some coke... Allegedly!!

"The last album was released 18 months ago and she hasn't done any writing since. The talk is that there might not be another album."

A spokesperson for Winehouse was unavailable for comment.

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