Live Nation is the largest producer of live concerts in the world, and according to TicketNews’s exclusive industry rankings, the company is the fifth-largest overall ticket seller in the country.
The company describes its core business as “producing, marketing and selling live concerts for artists via our global concert pipe.” But in early 2009, the company also added a state-of-the-art ticketing operation following its split from long-time client Ticketmaster Entertainment. Live Nation sells more than 45 million concert tickets a year, and its Web site, LiveNation.com, generates more than 60 million unique visits annually. To launch its ticketing operation, the company signed deals with CTS Eventim and SMG, among others.
Live Nation has signed several major acts, including Madonna, Jay-Z and Shakira and U2 to expansive “360-degree deals” that encompass concerts, recording, merchandising and licensing. The produces more than 16,000 concerts annually in 57 countries throughout the world, and it has a roster of more than 1,500 artists for which it produces shows.
The company is headquartered in Los Angeles, CA, and its stock trades on the New York Stock Exchange under the symbol “LYV.”
Summary by TicketNews Staff Live Nation Entertainment, the world’s largest concert promoter, has reported high earnings for its second quarter due to this summer being one of the best in years for the concert business. The ticketing company, which owns Ticketmaster, reported $1.7 billion in revenue which is up... Read more
TD Garden and Live Nation Announce: Boston Strong: An Evening of Support and Celebration TD Garden :: May 30, 2013 Boston, MA (May 3, 2013) – TD Garden and Live Nation are proud to announce Boston Strong: An Evening of Support and Celebration to be held at the TD... Read more
A recent class action lawsuit, filed September 10, 2012 in the United States District Court in New York, alleges that Live Nation and Ticketmaster violated New York state law by offering solely paperless ticketing. The suit, brought in relation to tickets purchased for a Swedish House Mafia event on... Read more
Live Nation Entertainment is producing a gospel tour for the first time ever. Four of the most successful gospel stars in the genre: Kirk Franklin, Marvin Sapp, Donnie McClurkin, and Israel Houghton are joining together for the King’s Men tour. The historic U.S. tour will kick off the 16-city... Read more
Live Nation announced on August 7, 2012, that the company’s second quarter profit missed analysts’ expectations and that the company expects earnings to remain flat throughout the rest of the year. Live Nation announced to shareholders that the company’s all important summer concert season ended up below industry estimates,... Read more
This summer, on the weekend of August 3-5, the inaugural Watershed Music Festival will take place at the renowned Gorge Amphitheatre in George, Washington. Presented by Live Nation Entertainment, the festival is set to be a three-day extravaganza of live music and camping. Big names in the country music... Read more
On June 20, 2012, Live Nation officially announced the launch of its previously announced “#MillionTweets of Summer” promotional campaign. The social media-based campaign, which was first mentioned in early May in conjunction with Live Nation’s Concert Calendar Facebook App as a crucial element of Live Nation’s goal for a... Read more
On May 16, 2012, Live Nation and Clear Channel announced that the global class action lawsuit that has plagued the two companies for the past ten years has finally reached a settlement. The original class action lawsuit, filed in 2002 by Malinda Heerwagen, alleged that Live Nation and its... Read more
Live Nation added a new social media app to its ever growing arsenal on May 2, 2012, with the official launch of its Concert Calendar Facebook app. Launching following a six month beta test, wherein over 10,000 users combed the app for quirks, the Concert Calendar will create an... Read more
Ontario’s Ministry of the Attorney General dismissed concerns that Live Nation Entertainment violated the province’s anti-scalping laws when it sold tickets for Madonna’s September 10, 2012 concert in Ottawa. Tickets to the performance in ScotiaBank Place went on sale directly through Live Nation on February 14, 2012 and were... Read more