The deal includes all areas of Nickelback's global music enterprises, including three touring and album cycles, with an option for a fourth, Live Nation said.
Under the partnership, Live Nation has acquired 12 separate artist rights to feed its global distribution pipe; these include touring, tour sponsorship, tour merchandise, tour VIP/travel packages, secondary ticketing, recorded music, clothing, licensing and other retail merchandise, non-tour sponsorship and endorsements, DVD and broadcast rights, fan club, Web site and literary rights.
"Our relationship with everyone at Road Runner Records has been amazing throughout our career and we look forward to continuing that same great relationship for the remainder of our recording commitment with them," Nickelback's Chad Kroeger said in a statement. "With that said, the Live Nation deal helps us maximize the band's opportunities in all areas of our career. We are extremely confident that Live Nation's complete global team is the world's finest and we are excited to be a part of the Live Nation vision and future!"
Notable deaths of 2014 [PHOTOS]