It seems there may be some truth to the ongoing rumors of a future Rolling Stones tour. News of a 50th anniversary tour broke this week as the result of a lawsuit between concert promotion giant Live Nation and its former chairman Michael Cohl.
According to various sources, Cohl and Live Nation went to court over alleged breaches of the contract agreed to upon Cohl's departure in 2008. In the suit, Cohl claims that the firm attempted to sabotage his ability to promote a Rolling Stones tour that is planned for later this year.
In the contract, Cohl had reportedly agreed to pay Live Nation nearly $10 million to acquire the rights for various tours backed by non-competition clauses. Live Nation later sued Cohl, claiming he backed out on nearly $5 million of the deal. He later counter-sued claiming that they also backed out of the deal.
There has been no official word from the band on details concerning the tour.
Copyright(c) 2011 RTTNews.com. All Rights Reserved
According to various sources, Cohl and Live Nation went to court over alleged breaches of the contract agreed to upon Cohl's departure in 2008. In the suit, Cohl claims that the firm attempted to sabotage his ability to promote a Rolling Stones tour that is planned for later this year.
In the contract, Cohl had reportedly agreed to pay Live Nation nearly $10 million to acquire the rights for various tours backed by non-competition clauses. Live Nation later sued Cohl, claiming he backed out on nearly $5 million of the deal. He later counter-sued claiming that they also backed out of the deal.
There has been no official word from the band on details concerning the tour.
Copyright(c) 2011 RTTNews.com. All Rights Reserved
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