Latest U2 News & Information

April 9, 2008 — AFTER more than two years, Bono has finally found a buyer for his co-op apartment at 300 Central Park West. The Post’s Braden Keil reports that the U2 frontman sold his three-bedroom, fourbath co-op in the Eldorado for $4.9 million after first listing it for $5.5 million. Under his given name, Paul Hewson, the singer and his wife, Ali Hewson, paid $3.4 million for the 16th-floor pad in 2001. The couple listed the place after buying a larger duplex penthouse down the street in the San Remo from Apple co-founder Steve Jobs in 2005 for $14.9 million.

- New York Post

In ‘The View Presents… The Edge’ the guitarist talks about the responsibilities of fame, creativity and the band’s longevity.

Commenting on how U2 have remained so cohesive a unit over 30 years, he says: “Maybe it’s because we were friends before we were a band. So in a sense the friendships were solid, so when it came to those moments of conflicts or difficulty, we kind of were able to skirt around the big conflicts and diffuse the situation and so we’re operating in pretty much the same way now as we always did.”

The View Web page

THE Sunday Independent in Ireland published its annual list of who’s making what over there, and to absolutely no one’s surprise, U2 top the list of wealthiest entertainers, with a healthy bank balance of €900 million. Nice! “The band, which has traditionally split earnings equally among Bono, Adam Clayton, Larry Mullen, the Edge and manager Paul McGuinness, has begun to divide up its vast portfolio among their respective families,” says the Indo. Clearly, the relatives won’t have any financial worries in the future!

Coming in second is Michael Flatley, who’s said to have €590 million to his name. Chicago-born Flatley resides full time at his Castlehyde mansion in Co. Cork with wife Niamh and son Michael Junior. “He has a wide range of investments,” says the paper. Putting it mildly! Read the rest of this story »

Live Nation, the promoter that owns or manages venues such as Wembley Arena and Manchester Apollo, has signed an $80 million (£40 million) upfront deal with U2 that will tie the Irish rock band to its venues for the next 12 years.

The deal underlines the growing battle for live rights and cements the Irish four piece into a long-term deal, where previously the band worked with New York-listed Live Nation on a tour-by-tour basis.

Bono, lead singer of U2, said: “We’ve been dating for over 20 years now; it’s about time we tied the knot.” Live Nation has produced every U2 tour since 1997 but company bosses first worked with the band in Toronto in 1980. Read the rest of this story »

US concert promotion company Live Nation has signed U2 up to for 12-year deal for merchandising.While U2 will stay with Universal Music, all merchandising, digital and branding rights will now be controlled by Live Nation.

The deal will be global.

Live Nation has managed U2’s world tours for the last 20 years.

Licensing rights, sponsorship opportunities, fan club and web site activity as well as marketing and creative services will be handled now by Live Nation on behalf of the band.

The deal falls short of a similar agreement the company signed with Madonna last year. Under the Madonna deal, the touring company will also release all of Madonna’s new music once her Warner deal runs out after her forthcoming ‘Hard Candy’ album.

Live Nation shares closed at $11.83 on Friday, down from 12 month high of $24.09

by Paul Cashmere, Undercover.com.au

The edge has spoken of how his great friendship with fellow bandmates has contributed to the longevity of U2.

The U2 guitarist credits their three decades of music success to the comradeship that has bonded them together.

In an intimate interview with RTE presenter John Kelly, to be broadcast next week, the Edge reveals how it’s the music that keeps him sane.

“There’s something about performing our songs in front of a large crowd which works and it’s to do with the fact, I think, that a lot of those people at those shows are there to celebrate not just their favourite band, or a favourite band of theirs, but part of their history,” he said. Read the rest of this story »