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Business News (more headlines) 12-19-2012

Music Industry Leader Signs Long-Term Extension With Live Nation Entertainment

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In a storied music career that spans three decades, Fogel has been involved with promoting or producing 11 of the top 15 tours in history, including U2's 360 Tour (2009-2011), which is the single most successful tour ever, selling over seven million tickets. He produced each of Madonna's last five tours, including the most recent MDNA recognized as the top tour of 2012. Fogel is currently producing and promoting Lady Gaga's world tour, Born this Way Ball, and he produced and promoted Lady Gaga's Monster Ball Tour, the highest grossing debut tour in history. His long-established clients including Sting, Neil Young, Rush and David Bowie continue to have their tours promoted by Fogel. And most recently, Rihanna selected Fogel to promote her upcoming tour beginning in March of 2013.

"We are delighted that Arthur has decided to continue his illustrious career at Live Nation," said Michael Rapino, president and CEO of Live Nation Entertainment. "We look forward to continuing to expand our global touring activity under Arthur's leadership."

"Since Live Nation was launched in 2005 the vision and leadership of Michael Rapino has positioned this company as the very best in the live entertainment industry. There is nowhere else I would want to be," said Arthur Fogel, chairman of global music and the CEO of global touring.


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