The London Times reports that EMI secured the DVD rights to next weekend's Live 8 concert. In return, EMI will pay several million pounds upfront to the events organizers and will offer them a generous cut of the profits as well. The Live 8 concerts will be released in November in at least a 2-DVD set. The Live 8 promoters will use their share of the profits from the sale of the DVDs to help to eradicate poverty and famine. Sir Bob Geldof said:
I hope this will be the biggest selling DVD of all time. It deserves to be. It will help us achieve our goal of changing the lives of the extreme poor for the better and making our generation the one that helped end the disgrace of poverty.
The chairman and chief executive of EMI Music in the UK and Ireland, Tony Wadsworth said:
The artists appearing at the Live 8 concerts represent the worlds biggest names in music and its a huge honor for EMI to be the company entrusted with the release of this unique project.
(kindly submitted by PLUGGED correspondent Joan M. Hopkins)
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