Billboard, AEG Live Team For Events
In an exclusive alliance, Billboard is teaming up with AEG Live to expand existing Billboard-branded live events and create new concerts, festivals and televised awards shows around the world. AEG LivIn an exclusive alliance, Billboard is teaming up with AEG Live to expand existing Billboard-branded live events and create new concerts, festivals and televised awards shows around the world.
Los Angeles-based AEG Live, the producer and promoter of the Coachella Valley Music & Arts Festival and Justin Timberlake's tour, will produce the flagship Billboard Music Awards and Latin Music Awards, and negotiate television agreements for those programs.
AEG Live's role will also extend to production, sales, promotional and merchandising efforts for existing Billboard-branded programs. The long-term alliance includes music and entertainment productions originating in the United States, the United Kingdom and Germany, and provides global broadcast rights to AEG for events produced in those countries.
Under the agreement, the Billboard Touring Conference is expected to move in 2008 to L.A. Live, the $2.5 billion downtown Los Angeles sports and entertainment complex being developed by AEG. At its new 4 million square-foot home, the Billboard Touring Conference will continue to present expert panels, awards and networking events for the live entertainment industry.
"Our alliance marries AEG's leadership and innovation in live entertainment and music to Billboard's unmatched brand strength and credibility with both consumers and the industry. This agreement provides unlimited opportunities to further extend the Billboard brand through market-leading concerts, tours, festivals and TV productions," said John Kilcullen, publisher of Billboard and senior VP of film and performing arts for Nielsen Business Media. "Propelled by our combined creativity, AEG and Nielsen will provide new ways for consumers and the industry to experience the music and performances they love."
Billboard, a 112-year-old brand that extends to digital products, nightclubs and specialized industry conferences, will work with AEG Live to build mobile and online content into their joint live programming.
"Having the ability to form this alliance to further grow and develop an incredibly successful brand, especially in broadcast and new media platforms, is certainly a rare opportunity," said Randy Phillips, president/CEO of AEG Live. "Billboard is the gold, platinum, diamond and crystal standard for both the music industry and the music consumer."
"AEG Live is a quality over quantity company, and the fit between these two organizations is seamless," Phillips continues. "Our alliance crosses our live touring, sponsorship, content creation and facilities divisions to create unparalleled live and broadcast events."