Live Nation, the world's largest concert promotion firm, has emerged as a surprise bidder for the Rolling Stones back catalogue of hits as the band considers ending its relationship with EMI. Sir Mick Jagger has already taken the new live album, Shine A Light, to Universal Music, which owns earlier Stones recordings and was believed to be in pole position to secure further rights. But Live Nation, which poached Madonna from Warner Music in a £60 million deal and produces Rolling Stones global tours, which have grossed $1.5 billion (£748 million), is understood to have made a counteroffer. (Times Online)
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