What happens when one of the biggest bands in the world Webcasts a live concert on the world’s biggest video site?
You get a lot of video streams. Close to 10 million, says YouTube, adding that Sunday’s live Webcast of U2’s Rose Bowl concert was the single largest event it has streamed so far.
Warner Music and YouTube, co-owners of the one of the Web’s nastiest spats, are about to patch things up. How’d they do it? By cutting a deal that looks a lot like the one YouTube has already made with Universal Music Group.
The Ticketmaster-Live Nation deal isn’t official yet, but it’s already garnering plenty of opponents. The real question: Who’s going to come out in favor of a deal that helps one of the country’s most disliked companies?
In addition to myriad rock star perks you’ve already heard about, here’s another one to add to the list: Better stock deals. At least when you’re talking about stock in concert promoter Live Nation. Since Live Nation shares have gotten pummeled, you’d think those music acts would be hurting, too. Nope.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »
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