Live Nation Manager Says Company Has Laid Off 96 Percent of Staff
Live Nation Entertainment has laid off more than 96 percent of its staff amid the ongoing COVID pandemic, according to a letter from a regional manager in Connecticut. The manager, Michael Andrews, referenced the cuts in a letter to a Connecticut utility commission asking for forgiveness in over $1,000... Read more
Houston Dave Chappelle Shows to Require Negative COVID-19 Test
Fans hoping to attend a set of performances by comic Dave Chappelle this weekend in Houston will need to add a COVID-19 test to their plans. The standup is requiring a negative COVID-19 test result for admission to the performances, which take place at House of Blues in the... Read more
Live Nation Revenue Down 95 Percent in Q3 Earnings Report
Continued revenue struggles and cash burn continued for Live Nation over the third quarter of 2020, according to earnings figures released this week. The company showed revenue down by 95 percent compared to the same time period last year, which was expected amid the continued shutdown of much of... Read more
Ticketmaster Announces New North America Leadership Team
Ticketmaster announced a number of leadership appointments for its North America business this week. Marla Ostroff was promoted to Managing Director of Ticketmaster, North America, with Trevor Allin (EVP, Business and Commercial Operations) and Maura Gibson (EVP, Client Solutions and Strategy) also promoted to new roles. The moves come... Read more
Live Nation Furloughs Hundreds in Latest Round of Cuts
Recently reported cuts at Cleveland’s House of Blues location appear to have just been the tip of the iceberg, as hundreds have reportedly been furloughed by Live Nation Entertainment as the governmental restrictions on live events continue across the globe. The Wiltern in Los Angeles lost nearly 700 positions,... Read more
Jared Smith Promoted to Global Chairman at Ticketmaster
Ticketmaster has promoted Jared Smith from Global President to Global Chairman, elevating Mark Yovich to Global President and Amy Howe to Global Chief Operating Officer. Yovich had previously served as President, International, with Howe moving up from her previous post as President, North America. Pollstar reports the shifts are... Read more
Live Nation Reports Revenue Down 98% in Q2 Earnings Report
With live events at a virtual standstill, it came as no surprise that Live Nation Entertainment wouldn’t have much good news for shareholders when it released its earnings report. The industry leader put as much positive spin on the numbers as could be managed, focusing on its expectation that... Read more
Live Nation Extends Credit Terms to Weather Pandemic Storm
Live Nation bought itself additional time with creditors with an extension of its credit agreement from the end of September of this year all the way through the end of December 2021. The move allows the entertainment giant to focus on keeping operations afloat in the period of little... Read more
Live Nation SVP of International Jason Miller Steps Down
Jason Miller announced via a social media post that he was leaving Live Nation, where he has served as Senior Vice President of International and Emerging Markets since 2016. He has been with the touring giant and parent of Ticketmaster for seven years, serving as senior vice president of... Read more
DOJ Approves Live Nation Owner’s Increased Stake in iHeartMedia
Live Nation Entertainment owner Liberty Media got approval from the Department of Justice to dramatically increase its stake in iHeartMedia, over the objection of anti-monopoly advocates. Liberty, which already controls Sirius XM and Pandora in addition to its 33 percent stake in Live Nation and Ticketmaster, got approval to... Read more