Canadian rock act Nickelback have put their name among the top musicians list, such as Madonna and Jay-Z after the latest reports confirmed that the band have signed a contract with Live Nation. The rock act will be engaged with the famous 360 deal, that will give the company the rights to control the rockers' music, websites, tour and merchandises.
From the contract, Nickelback reportedly will be earning between $50 million to $70 million and are set to release three albums and hold three tours with the company. Commenting about the contract deal, the band's lead vocalist Chad Kroeger said, "The Live Nation deal helps us maximize the band's opportunities in all areas of our career. We are extremely confident that Live Nation's complete global team is the world's finest and we are excited to be a part of the Live Nation vision and future!"
Meanwhile, revealing about Live Nation's reason to sign Nickelback, the company's president and chief executive Michael Rapino stated, "Nickelback has struck a chord with music fans all over the world and their universe continues to expand exponentially. Year over year the band has sold more records and concert tickets, and has tremendous upside potential as they continue to break into new markets around the world." He then also added, "Nickelback's addition to our incredible roster of artists confirms that we remain on plan to sign global rights deals with the world's most successful artists to feed our core concert pipe."
However, the rockers' deal with the famous tour promoter will only start after they finish their two remaining albums deal with their current label Roadrunner Records. The band's latest studio album with Roadrunner was "All the Right Reasons" in 2005.
In other news, the band themselves are currently preparing to see their devotees on tour this year. The rock band have just announced that they will be hitting Europe this September on a tour that will be staged in Germany, Ireland and England. The tour set to start on September 9 in Stuttgart, Germany and end in London, England on September 21.