But despite Co-op Live's success in attracting big names, some say the regional gap in major artists choosing London over the North has still not been closed.
It's far from a done deal - Paramount still needs approval from regulators.
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The Block founder announced Thursday the company would be laying off nearly half its workforce, cutting 4,000 employees, down to just under 6,000 workers from over 10,000.
Why scientists fear Emperor penguins' annual moult may be killing them