U2 Sign Massive Deal
Bono and the boys will net serious cash after sealing a 12 year merchandise and online deal
U2 have signed a deal with touring firm Live Nation- who will now handle the groups merchandise, branding and online activities.
The Irish bands tours are already handled by the company but theyll now manage many of their business affairs.
Live Nation signed a huge deal with Madonna last year which was worth around 60 Million over 10 years.
They will release her records and promote her concerts after her next album Hard Candy.
U2s deal shows that bands are increasingly using touring and online promotion to make money.
Financial details of the 12 year contract have not been released but given the groups huge fanbase they are likely to be paid millions.