AOL, XM Satellite Radio and AEG, a worldwide sports and entertainment presenter, have formed a joint entertainment venture with Kevin Wall, who most recently served as the executive producer of Live 8. The venture, to be called Network Live, will produce live programming for both the AOL Music service and XM. Most of the programming will originate from AEG owned venues, such as the Staples Center in Los Angeles and the Colosseum in Las Vegas. According to a source, the money being invested in the venture could be in the $25 to $30 million range. The goal of the partnership is to eventually provide a 24-hour platform for live entertainment. The programming would be free of charge.