U2 News

                  U2 to Sign $50m 3 Album Deal with PolyGram
                  From The Financial Times
                  By Alice Rawsthorn
                  09/06/98 00:00:08 EST
                  The 12.5 Million Dollar Man

                  U2, one of the world's most successful rock groups,
has reached one
                  of the most lucrative deals in the music industry,
with PolyGram, its
                  record company, which is expected to earn the band
more than
                  $50m in advances.
                  The three-album deal, scheduled to be signed early
next week, will
                  allow PolyGram's Island Records subsidiary to release
three Best
                  Of U2 albums. The first, including recordings from
1980 to1990,
                  goes on sale in November.

                  Other superstars, such as Madonna and Janet Jackson,
have clinched
                  $50m-plus contracts but they have covered new
material, rather than
                  back catalogue.