Live Nation (LYV) Strikes Multiyear Deal With PepsiCo (PEP)

Top concert promoter Live Nation has struck a new deal with Pepsi.
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Top concert promoter Live Nation has struck a new deal with Pepsi. PepsiCo announced Monday that its drinks would replace Coca-Cola's at 75 of Live Nation's venues as well as upcoming concerts in a new multiyear deal. The deal also includes a presence at some festivals such as Lollapalooza, the Voodoo Music + Arts Experience in New Orleans, and FarmBorough, the new three-day country music festival set to debut in New York City in June. Coca-Cola entered a deal with Live Nation in 2009. Some of Live Nation's popular tours have included Madonna, Prince, Beyonce and Jay Z.