Tour deal inked with TMG/AEG Live

posted June 28th, 2008 at 9:59 am

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by Josh Martn

Kenny Chesney has inked a tour deal with TMG/AEG Live, starting in 2009. Reuters has the details:

Through the agreement TMG/AEG Live snares one of the industry’s most potent stadium-level concert draws at a time of increasing economic uncertainty.

Specific financial terms were not disclosed, but the unique agreement doesn’t include an advance or signing bonus and is structured around salable ticket inventory, as opposed to tickets sold.

With Chesney to be paid a guaranteed amount based on the number of tickets available for sale, TMG/AEG Live will face even greater pressure than usual to fill the seats at every show.

The agreement doesn’t include any recording or merchandising rights, but TMG/AMG Live is working to secure corporate sponsorships for the shows.

Check out the entire article here.

Tagged in In The News, Tour


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