July 12, 2005

Live 8 producer to head company for live programs

NEW YORK (Reuters) - The executive producer of global
anti-poverty campaign Live 8 will head a new business for live
entertainment programing created by America Online Inc., XM
Satellite Radio Inc. and event presenter AEG, the companies
said on Tuesday.

Kevin Wall, executive producer of the star-studded Live 8
aid concert for African countries that included performances
from cities around the globe, is a co-founder and chief
executive of the new venture, called Network Live.

The new venture, which is not connected to the Live 8
campaign, will deliver music and comedy performances over the
Internet, satellite radio, video on demand and wireless
formats. Terms of the deal were not disclosed.

"As Live 8 proved, this is a new era for live entertainment
on the Web," said AOL Chairman and CEO Jon Miller. "This
venture taps into the immediacy of the Internet for live shows
and live shows on demand."

AOL.com, which streamed video of the Live 8 concerts, said
that more than 5 million people worldwide logged onto the
Internet to watch, making it the biggest streaming event ever.

AEG, part of the Anschutz Corp, operates live
entertainment venues, owns sports franchises in the United
States and Europe and promotes concert tours for such artists
as Prince and Paul McCartney. Internet services company AOL is
part of Time Warner Inc .