Live Nation Sued for Racial, Gender Discrimination by Furloughed Staffer
Candace Newman filed a lawsuit Wednesday in Los Angeles County Superior Court alleging that Live Nation Entertainment retaliated against her for complaints about racial and gender discrimination, then let her go recently while using COVID-19 staffing reductions as an excuse, Variety is reporting. She worked for the entertainment giant... Read more
Live Nation Among Stock Billionaires Are Investing In
The tumultuous state of the stock market has hit many investors hard in recent weeks with the Dow Jones recording several new instances of its biggest single-day declines and the S&P 500 falling 32 percent from its record high set only weeks prior. But despite the downturn inflicted by... Read more
Liberty Media Repays Live Nation Loan, Helping Stabilize Stock
While coronavirus (COVID-19) spreads across the globe, the live event industry has taken a big hit – cancelling major festivals and concerts. To help Live Nation, which has been strapped financially on top of millions in debt, Liberty Media fully repaid the promoter giant’s margin loan. According to a... Read more
Indiana Lawmakers Considering Bill Banning Non-Transferrable Tickets
Lawmakers in Indiana are considering a bill that would make non-transferrable tickets unlawful in the state, but are facing strong opposition from both sports teams and concert promoters in their efforts. The legislation protects consumer rights to do what they wish with a ticket after they buy it –... Read more
Despite Multiple Consent Decree Violations, Live Nation Gets Slap on Wrist from DOJ
The Department of Justice detailed six instances where Live Nation violated a 2010 consent decree by using threats to ensure venue clients used Ticketmaster in court filings made public last week. Such threats, which Live Nation has long denied, were the reason for the DOJ’s plans to bring court... Read more
Early Information on Live Nation DOJ Settlement Unclear on Secondary Ticketing
Will the “significant changes” agreed to by Live Nation Entertainment in its settlement over alleged violations of its 2010 consent decree include any change in its secondary ticketing operations? From the details released thus far, it doesn’t look like it. In a press release outlining “the most significant enforcement... Read more
Live Nation Announces DOJ Settlement Extending Consent Decree to 2025
Live Nation has reached a settlement with the Department of Justice that extends a consent decree it agreed to as part of the 2010 merger with Ticketmaster through 2025, according to a statement published on the entertainment giant’s website Thursday afternoon. “We have reached an agreement in principle with... Read more
WSJ: Justice Department Preparing Action Against Live Nation
The Wall Street Journal is reporting that the Department of Justice (DOJ) is preparing to take legal action against Live Nation Entertainment (NYSE: LYV). The action, attributed to anonymous sources familiar with the matter, is based off “allegations the company has sought to strong-arm concert venues into using its... Read more
Ticketmaster Executive Envisions “Smart Contract” Blockchain Ecosystem
Ticketmaster envisions a world in the not too distant future where tickets function as “smart contracts” powered by blockchain technology, making transactions trackable and irreversible, according to coverage of remarks by an executive speaking at Elev8CON in Las Vegas on Monday. “Ticketmaster has technology that is almost 40 years... Read more
TEG Rumored to be Targeted for $1B Purchase by Silver Lake Partners
According to a report this week in the Australian Financial Review, a North American firm is considering purchasing TEG, the leading ticketing and live entertainment industry in the Asia Pacific market. TEG, which owns Ticketek and bills itself as “Asia Pacific’s leading Ticketing, Live Entertainment and Data Analytics business”... Read more