Seeking to create a new revenue source for artists and labels from live performances, the new company DiscLive says it will soon begin selling CDs of just-completed concerts at the venue.

Seeking to create a new revenue source for artists and labels from live performances, the new company DiscLive says it will soon begin selling CDs of just-completed concerts at the venue, Billboard Bulletin reports. New York-based DiscLive says it will send technicians to concerts to record them; some discs may come in special editions with autographs, backstage passes, or other material. The CDs will be sold at kiosks in the venues for an undisclosed price, according to a spokesperson. Concertgoers will also be able to pre-order the discs online.

The business, according to CEO Rich Isaacson, will provide artists and labels with "a new, risk-free opportunity to extend the investment on their brand."

"Artists and labels will get close to, if not more, money on the sale of a live CD as they would on a retail CD," says Isaacson, who adds that venue operators such as Clear Channel Entertainment will be offered a "cut" of the CD sales. "We want to be in business with everyone," he says, adding that announcements about live CDs at specific concerts will be made "in the next few weeks."

Last month, sources told Bulletin that Clear Channel was developing a similar live concert CD service. At deadline, a representative from Clear Channel was unavailable for comment.

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