Staurt Galbraith has formally announced his new business venture, unsurprisingly a new live music and festival promotions firm to be called Kilimanjaro Live and, as expected, a joint venture with AEG Live.

Staurt Galbraith has formally announced his new business venture, unsurprisingly a new live music and festival promotions firm to be called Kilimanjaro Live and, as expected, a joint venture with AEG Live.

Although Galbraith says Kilimanjaro will operate independently of AEG he says they can call on AEG's "global resource." Kilimanjaro will have three main areas of business - festivals, large scale tours and new talent and has gained a controlling interest in North Wales music festival Wakestock and will launch a sister festival at Blenheim Palace this summer.

In the major artist area, an Eagles O2 residency and KD Lang tour have just been announced, and a Simply Red tour will follow.