After signing some high profile people like Shakira jay-z and Madonna. Live Nation has just signed on Nickelback whose songs include ” YOu Remind Me” and the popular “Photograph”. He is has sold over 26 million albums. Live Nation plans to have several artists on their banner.

People close to the negotiations, who spoke on condition of anonymity because they were not authorized to discuss the details, said the deal was worth $50 million to $70 million. By signing Nickelback, Live Nation, whose main business is concert promotion, took another step toward expanding its role at the center of the music industry, the traditional province of record labels. This is going to be a great thing for recording artists whose performance will be handled in a much more better fashion.