Live Nation, Inc. NYSE: LYV is a Beverly Hills, California based live organization company. The company was opened in 2005 as a subsidiary of Clear Channel Communications. The CEO of the company is Michael Rapino. Live Nation, the concert organizer, contracts the artists as a "recording company", but plays a prominent role in concert organizations rather than being the "owner of the music". The company's contracts with U2 and Madonna do not cover the copyrights of future recordings of the artists. However, the contract they signed with Jay-Z in 2007 covers the rapper's future recording. Live Nation recently signed with Colombian singer Shakira and Canadian band Nickelback.