Music Gear News

At Gear4music.com we update our news channel daily to ensure you always get the latest and most important music news.

U2 to lose £100million

Irish rockers U2 could lose £100million after pulling out of 17 shows of their US tour.
Great deals on musical instruments

Bono could cost U2 £100million.

The lead singer of U2 has been told by doctors to rest for two months following emergency back surgery and will now miss out on the start of the group's US leg of their 360 Degree tour.

Bono was said to be "heartbroken" after pulling out of 17 US dates and Glastonbury festival in the UK, and now the problem may hit his bank balance too.

A source told The Sun newspaper: "Bono and the band are covered by insurance but the cost of overheads and missed revenue could easily reach £100 million by the time he's fit enough to perform again."

Paul McGuinness, the manager of the Irish group - made up of Bono, The Edge, Adam Clayton and Larry Mullen Jr. - said: "If we play or not, touring still costs us £500,000 a day."

Earlier this month bassist Adam Clayton admitted he and his bandmates would have been happy to put on a simpler tour, but Bono had other plans.

He said: "It was Bono's vision. He's that kind of performer. I think the rest of us would be happy to stand on an old beer crate but he's the person working the stage."

New tour dates are expected to be released later this week.

Posted on 17 Jun 2010 10:00 to category : Music News

Related Music News

thumbnail

Research from the National Association for Music Education has recently highlighted the most fundamental aspects of an effective practice routine and how to be a better musician

30 Dec 2016 15:56
thumbnail

MusicRadar recently spoke to iZotope to get their opinion on intelligent mixers and how they are impacting the contemporary producer.

29 Dec 2016 13:11
thumbnail

The grandfather of virtual reality Jaron Lanier relays a time when the first explorations into virtual reality were concerned with how to create a real air guitar.

28 Dec 2016 16:46
thumbnail

In the wake of an increasing trend for musicians having to work for free or for less than they're entitled to, the Musicians Union show their support.

22 Dec 2016 12:01
thumbnail

Some formats of compressed MP3 have been linked with negatively effecting individuals emotional state due to their inherent tonal characteristics

8 Dec 2016 13:04
thumbnail

Featuring a whole host of professional grade components, Antelope Audio's Zen Studio is available now at an incredibly discounted price.

17 Nov 2016 09:53

Recent Music News

thumbnail

Sabian's NAMM releases have been specifically designed to spice up your drum kits overall sound and give you a definitive and varied spectrum of tone

20 Jan 2017 15:41
thumbnail

With various different entries, Ibanez unleash a spectacular array of signature models to their NAMM 2017 line up

20 Jan 2017 14:40
thumbnail

With extensive research conducted into how to make a kit that truly caters to the player and their specific needs, Pearl hit a home run with these one of a kind custom kits

20 Jan 2017 12:52
thumbnail

A revamp of one of Ludwig's most popular snares, the Ludwig Black Beauty 14x8 projects classic tone and looks as good as the original

20 Jan 2017 11:47
thumbnail

Mackie's Big Knob Studio Interface continues the legacy of its predecessors, championing various new features and exciting tech to reiterate its triumphant return.

20 Jan 2017 11:14
thumbnail

Line 6's first ever artist designed guitar, the Shuriken personifies the aggressive and technical playing styles of metal enthusiasts around the world.

20 Jan 2017 10:28