U2 has tentatively scheduled their next album for release in April. Billboard reports that the band is currently shopping for brand partners to announce the project via a Super Bowl commercial. The album has been rumored to be released earlier this year, as late as fall or winter, but has ultimately been pushed back as the band continues to work on the project, according to bassist Adam Clayton.
The band just debuted their first new single in three years, “Ordinary Love,” in a trailer for the new Nelson Mandela film. The single will be released on a special 10″ vinyl along with a new version of “Breathe (Mandela Version)” for RSD’s Back to Black Friday promotion on November 29th.
This news comes as the New York Times reports that Live Nation is in the process of buying the management companies behind U2 and Madonna in a mega-deal. The NYT states “As part of the deal, Live Nation would pay more than $30 million for both Principle Management, the company of U2’s longtime manager, Paul McGuinness, as well as Maverick, run by Guy Oseary, Madonna’s manager.”
McGuinness has quietly stepped down from U2’s manager in recent months, as Oseary has already taken over their day to day operations. If the deal goes through, McGuinness would become Principle’s chairman with a role that was not fully clear.
“We are still at it. We hope to have it finished very, very soon. And it will be out, oh … sometime early next year.”
McGuinness released a statement about his new endeavors.
“It could be seen as slightly poor etiquette for a manager to consider retiring before his artist has split, quit or died, but U2 have never subscribed to the rock ’n’ roll code of conduct. As I approach the musically relevant age of 64 I have resolved to take a less hands-on role as the band embark on the next cycle of their extraordinary career.
“I am delighted that Live Nation, who with Arthur Fogel have been our long term touring partners, have joined us in creating this powerful new force in artist management. I have long regarded Guy Oseary as the best manager of his generation, and there is no one else I would have considered to take over the day-to-day running of our business.”
Live Nation, which also owns Ticketmaster, is one of the largest conglomerates in the world, and manages over 200 acts through its Artist Nations division. Live Nation, U2 and Madonna have had strong ties over the years. In 2007, it struck a $120 million deal with Madonna to cover touring and recorded music rights for a decade before selling the recording rights to Universal. A year later, it made a deal with U2 to handle the band’s touring and merchandising exclusively for 12 years.
Author: Buddy Iahn
Buddy Iahn founded The Music Universe when he decided to juxtapose his love of web design and music. As a lifelong drummer, he decided to take a hiatus from playing music to report it. The website began as a fun project in 2013 to one of the top independent news sites.