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.”
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
Anthony Makes, formerly president of Live Nation New York, is “looking to redefine what it means to be a 21st century music company” with the launch of Brooklyn Made, an independent promotions company based out of his home in the Park Slope neighborhood of the eponymous borough. “After having... Read more
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 CEO Michael Rapino posted an open letter addressing issues of racism and discrimination in society, pledging that his company is “committing to take steps to ensure that everyone in our community – employees, artists, and fans – is valued, respected, and treated equitably.” Among those steps is... Read more
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
In a letter to the House Judiciary Committee, the Artist Rights Alliance, Center for Digital Democracy, and Future of Music Coalition have asked for an investigation of Live Nation for “monopolistic behavior and abuses,” stemming from the company’s consideration of changes to its contract terms in the wake of... Read more
Brad Paisley, Darius Rucker, Jon Pardi, Nelly, El Monstero and Yacht Rock Review are on board as Live Nation announced the first of its Live From the Drive-In concert series on Monday. The entertainment giant unveiled three days of performances in three cities – Indianapolis, Nashville, and St. Louis... Read more
K-pop superstars BTS and management company Big Hit Entertainment announced a $1 million donation to Live Nation’s Crew Nation campaign on Monday. The donation, one of the largest to date for the initiative, will help support live entertainment crew professionals during the Covid-19 industry shutdown. “If it weren’t for... Read more
Live Nation has already undertaken a number of cost-saving measures since the onset of the coronavirus pandemic, including furloughs and pay cuts, boosts to liquidity and abandoning acquisitions. But now the entertainment titan is implementing further changes to its operations that focuses directly on partnered talent agencies and artists.... Read more
Amid the civil unrest in the country following the death of George Floyd, some of the world’s major music companies are joining together for a movement dubbed #theshowmustbepaused to offer solidarity with the black community. Floyd, an unarmed black man, died last week after a white police officer held... Read more