Concert giant Live Nation has purchased a controlling interest in CPI, Michael Cohl's global touring company. CPI is a world leader and innovator in full service global touring, having produced some of the largest grossing tours in history, including the Rolling Stones, Pink Floyd and U2. CPI has also successfully created new revenue streams around the tours that it produces, such as VIP ticketing,
fan clubs, merchandising and DVDs.
Because of CPI's long term relationships with the meg-acts the purchase virtually guarantees Live Nation first pick of dates on these money acts and is a reminder of how important heritage rock still is to the concert industry's bottom line. Cohl will also become the 10th member of the Clear Channel Board of Directors.
source: company release
