Editing Paul McGuinness (section)

=== U2 ===
McGuinness first met U2 at a Dublin gig on 25 May 1978 where they were supporting the Gamblers. Following this meeting, McGuinness became U2's manager, having been introduced to the band by [[Bill Graham (author)|Bill Graham]], a journalist with ''[[Hot Press]]'' magazine.

He founded Principle Management Limited on 29 March 1984.<ref>{{cite web |url=https://www.duedil.com/company/IE100481/principle-management-limited |title=Principle Management Limited in , Company Accounts & Directors Webcheck &#124; Duedil |work=duedil.com |year=2013 |access-date=25 April 2013}}</ref>

His original agreement with the band was that the money would be split equally 5 ways, though this was changed later.<ref>{{cite news |last1=Boyd |first1=Brian |title=U2 and Paul McGuinness: the end of the affair |url=https://www.irishtimes.com/life-and-style/people/u2-and-paul-mcguinness-the-end-of-the-affair-1.1596313 |newspaper=The Irish Times |access-date=12 July 2021 |language=en}}</ref>

McGuinness and [[Bill Whelan]] set up a music publishing company called McGuinness/Whelan Publishing in the late 1980s.<ref name="U2: An Irish Phenomenon">{{cite book |title=U2: An Irish Phenomenon |publisher=The Collins Press |author=Višnja Cogan |year=2006 |pages=163–167 |isbn=1905172222}}</ref> Whelan later composed the music for [[Riverdance]].

[[File:President Bill Clinton with members of the band U2 in the Oval Office.jpg|thumb|McGuinness ''(left)'' with U2 and US President [[Bill Clinton]] in the [[Oval Office]] in 1997]]
In 2002, McGuinness was presented with a Lifetime Achievement Award at the [[Meteor Music Awards]] at [[Point Theatre]] Dublin and U2 won the best Irish Band Award.<ref>{{cite web|url=http://www.meteor.ie/about/music_awards/mima_winners/ |title=Meteor – Meteor Ireland Music Awards Past Winners |work=meteor.ie |year=2013 |access-date=25 April 2013 |url-status=dead |archive-url=https://web.archive.org/web/20090201113547/http://www.meteor.ie/about/music_awards/mima_winners/ |archive-date= 1 February 2009 }}</ref>

Noted for his business acumen, he has been responsible for U2 3D concert films, U2-branded iPods, sponsorship from BlackBerry and the first-ever concert streamed live on YouTube.<ref>{{cite web |url=http://www.ft.com/cms/s/0/8c1788d2-e059-11de-8494-00144feab49a.html#axzz2RSihSuxM |archive-url=https://ghostarchive.org/archive/20221210221200/https://www.ft.com/content/8c1788d2-e059-11de-8494-00144feab49a#axzz2RSihSuxM |archive-date=10 December 2022 |url-access=subscription |title=Lunch with the FT: Paul McGuinness – FT.com |last=Andrew Edgecliffe-Johnson |work=ft.com |year=2013 |quote=He claims no creative role but can take credit for a series of eye-catching deals. |access-date=25 April 2013 |url-status=live }}</ref>

McGuinness was regarded as the fifth member of U2, although in an interview with ''[[The Irish Press]]'' in 1985, when asked if he was the fifth member of U2, he replied "the fifth member of U2 is in Adam (Clayton)'s trousers". He is also regarded as one of the most successful managers in the music business.<ref name="Strategy and Strategists">{{cite book |title=Strategy and Strategists |publisher=OUP Oxford |author1=Cunningham, James  |author2=Harney, Brian  |name-list-style=amp |year=2012 |pages=41 |isbn=978-0199219711}}</ref>

McGuinness stepped down as manager of U2 after 34 years on 13 November 2013, with Madonna's manager [[Guy Oseary]] succeeding him in 2014 when he sold Principle to Live Nation.<ref>{{cite news |url=https://www.bbc.co.uk/news/world-europe-24926896 |title=BBC News – U2's manager Paul McGuinness 'set to step down after 34 years' |author=<!--Staff writer(s); no by-line.--> |work=bbc.co.uk |date=13 November 2013 |access-date=13 November 2013}}</ref>