Concert promoter taps fan club link
Live Nation buys majority stake in fan club operator Musictoday.

NEW YORK (CNNMoney.com) -- Concert promoter Live Nation said Monday it is buying a controlling stake in fan club operator Musictoday, a move that could bring fans closer to their favorite musicians.

Live Nation (Charts) did not disclose terms of the deal.

Musictoday operates fan clubs and Web sites for more than 500 clients, including the Rolling Stones, the Bonnaroo Music and Arts Festival, Christina Aguilera and Eminem.

The Charlottesville, Va.-based fan club operator grossed more than $100 million in sales last year, Live Nation said in a statement.

"We are now in the unique position to create opportunities for artist-fan interaction both online through our platforms and offline at venues, taking fan communities beyond the virtual world to the places where artists and fans converge," Musictoday founder Coran Capshaw said in the statement.


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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.