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
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