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.”
A California judge tentatively granted Ticketmaster’s request to arbitrate its ongoing “Scalpergate” class-action lawsuit, which alleges that it violated antitrust and consumer protection laws by helping scalpers re-sell tickets. It’s possible the suit could be resolved in confidential proceedings, leaving the public in the dark. The ticketing giant has... Read more
Live Nation announced that it will partner with Entertainment Benefits Group (EBG) and the Araca Group to produce In Residence on Broadway, which will bring a variety of artists to Broadway venues multiple times a year. The Lunt-Fontanne Theatre, which was previously occupied by Charlie and the Chocolate Factory,... Read more
Live Nation’s “Minneapolis Fillmore” concert venue in Minnesota has finally begun to undergo construction, adding direct competition against promoter First Avenue. Originally, plans to construct the 36,000-square-foot venue were announced in 2017, but according to Music In Minnesota, there hasn’t been updates for a while now. The venue, which... Read more
Live Nation Entertainment released financial results for their fourth quarter, as well as the full year of 2018, last week, which showed the company’s eighth consecutive year of growth. The report showed that revenue, operating income, and adjusted operating income increased, with revenue up 11 percent to $10.8 billion,... Read more
Ticketmaster, a Live Nation Entertainment Company, has today announced the acquisition of Moshtix to service the growing general admission event markets in Australia and New Zealand. Formed in 2003, Moshtix has been delivering an innovative technology solution for general admission, self-service and white label solutions for event organisers. During... Read more
Live Nation Entertainment, the world’s leading live entertainment company, announced today that it has acquired a majority stake in Tons of Rock, Norway’s biggest rock and metal festival. Tons of Rock was founded in 2013 and has grown to be one of the leading festivals in Norway. It has... Read more
Live Nation Entertainment, the world’s leading live entertainment company, has acquired a majority stake in Planet Events, the leading concert promoter of Latin artists in Spain. Planet Events will remain partially owned by PRISA, the world’s number one Spanish-language media group whose publications include Los40and El País, establishing a strategic union that... Read more
Live Nation Entertainment, the world’s leading live entertainment company, announced today that it has acquired a majority stake in Embrace Presents, a leading Canadian venue operator and promoter of concerts, festivals, and events in the Toronto area. The companies plan to combine Embrace’s expertise developing emerging talent, boutique festivals... Read more
Canada’s Competition Bureau (CCB) found that Ticketmaster’s secret scalper program TradeDesk does not break federal competition legislation and has officially closed its investigation. On Thursday, the CCB said that it is up to the provinces to enforce consumer protection and unfair business practice legislation, and the office of Economic... Read more
Hawaii natives have had enough of primary ticket sellers, exclusive contracts, and ticket hold backs; the state has now introduced legislation to prohibit it and put numerous consumer protections in place. If passed, the legislation would prohibit venues from entering into exclusive partnerships with ticket providers. These exclusive ticket contracts have been the disdain of performing... Read more