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.”
Concert promoter giant Live Nation Entertainment revealed its full-year results for 2019, which show another increase in revenue. The report, which was released on Thursday, says that the company reported a total revenue of $11.54 billion – an 8% increase from 2018. Additionally, the operating income and adjusted operating... Read more
The dangers of so-called “speculative ticketing” are often brought up any time issues in the live event ticketing industry are mentioned. Such listings – tickets posted for sale that the person posting does not own and has no agreement to purchase them at the time listed – are blamed... Read more
Live Nation Entertainment was named in a lawsuit by its landlord at the Met Philadelphia for cheating the owner out of concert proceeds. Now, the concert promoter giant has fired back at the landlord in a legal filing, calling the suit a ploy to earn additional money. According to... Read more
By: Mark Perry | Scholar, The American Enterprise Institute When Live Nation and Ticketmaster merged in 2010, many feared that the new giant would use its dominant position in the concert touring business to pressure venues into contracting with Ticketmaster, which now controls 80 percent of ticket sales at the nation’s... Read more
Chief Operations Officer and Managing Director of Live Nation GSA Matt Schwarz has left his post after nearly a five-year tenure. “After almost five years I am leaving Live Nation. Today I resigned from office as managing director with immediate effect,” Schwarz told colleagues and industry contacts in a... Read more
The schedule has been set for the House Committee on Energy and Commerce’s hearing on the ticketing ecosystem, which will take place on Wednesday, February 26 in Washington D.C. Titled “In the Dark: Lack of Transparency in the Live Event Ticketing Industry,” the hearing will kick off at 10... Read more
Boyz II Men are giving back to their community. The famed R&B group have teamed up with Philadelphia concert venue The Met and Live Nation to donate $110,000 to area schools in order to fund music education. The Grammy-winning trio of Shawn Stockman, Nathan Morris and Wanya Morris performed... Read more
Chief Communications Officer at Live Nation Carrie Davis is exiting the company after a five-year term. She is said to be leaving in order to “refocus my priorities on myself and my family,” in a statement provided to Pollstar. Stepping in for Davis following her departure will be Jackie... Read more
Live Nation is reportedly suing anyone who tries to sell fake merchandise at Post Malone shows. According to court documents obtained by The Blast, Live Nation is asking for restraining orders against any vendors attempting to sell fake merchandise outside of Post Malone’s show in Newark New Jersey, as... Read more