The Securities and Exchange Commission said Monday it has charged independent promoter Jack Utsick with improperly raising $300 million from 1998 through 2005 by selling investments in shows featuring performers such as Shania Twain and Aerosmith.
The North American concert business shows signs of emerging from its two-year slump in the first quarter of 2006, with nearly $375 million in grosses and 7.3 million in attendance, according to CelebrityAccess/Billboard box scores.
Imagine if Elvis had decided to make a pit stop at Woodstock. It's perhaps the best way to put into perspective the hotly anticipated performance by Madonna at this year's Coachella Valley Music and Arts Festival in Indio, CA.
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