Washington, April 29 : Yahoo is reportedly teaming up with the concert ticketing company Live Nation in a bid to become the next big music venue.

According to The Verge, through the partnership, Yahoo plans to stream a live concert every day for an entire year, featuring what Yahoo marketing chief Kathy Savitt describes as the "world's hottest bands and musicians."

The company said that it intends to keep 1,200 of its live song recordings for months after the show is aired so that listeners can continue to stream them.

Savitt said that together, the companies will feed the daily habit of music fans everywhere.

Meanwhile, the duo is yet to announce the dates and other details of the concerts.

Live Nation's CEO said that the deal between his company and Yahoo was only finalized on Thursday, the report added. (ANI)