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.”
Mark J. Perry, an economist and professor emeritus at the University of Michigan, published an Op-Ed in The Hill this week, calling on President Joe Biden to focus on Live Nation Entertainment as part of its efforts to battle monopolistic companies. The author, who is a senior fellow at... Read more
Live Nation announced that it is going to offer a $450 million common stock offering, with the proceeds going towards its purchase of a majority stake in Mexico-based promoter OCESA, announced earlier. The purchase of the promotional giant involves the California-based entertainment giant acquiring 51% of OCESA for $444... Read more
Live Nation announced that it is resuming its acquisition of Mexico-based promoter Ocesa, taking on a 51% stake in the company for $444 million. The deal has been in the works for several years, but is now expected to close either later in 2021 or in early 2022. The... Read more
President Joe Biden indicated that he would like to see entertainment venues require proof of vaccination against COVID-19, but stopped short of making it a requirement. As live events have reopened amid the current surge in cases and hospitalizations, a patchwork of policies exists where some events and venues... Read more
Concert giants AEG Presents and Live Nation Entertainment have both announced that all fans looking to attend events in the U.S. will be required to show proof of vaccination or a recent negative COVID test beginning this fall, as the industry seeks to stay open amid the Delta variant-driven... Read more
Singer/Songwriter Neil Young blasted concert promoters for continuing to stage shows as the pandemic rages, calling them “super-spreader events” and “irresponsible Freedom Fests” in a post on his website. Young recently pulled out of September’s Farm Aid, scheduled for September 25 in Hartford, Connecticut. The 75 year old, who... Read more
Live Nation Entertainment’s second quarter 2021 earnings report came out this week, and it paints a picture of an industry in the midst of a strong recovery from the COVID pause, indicated by a 677% growth in revenue. Ticketmaster North America saw a headline-grabbing term, including pulling off its... Read more
Live Nation quickly and strongly denied a tweet implying that its contracts with artists included a gag order banning disclosure of positive COVID tests within touring groups. The tweet, which was shared as a screenshot of a text message thread by musician Courtney Jaye, depicted a claim that a... Read more
Live Nation is celebrating the return of full scale live entertainment this summer, and is offering tickets at a steep discount to help get fans back to seeing their favorite artists. The entertainment giant announced a Return to Live promotion that will see $20 all-in tickets available for nearly... Read more
With live events coming back online and seemingly little hesitance by audiences to return to stadiums and concert halls, Spotify is reportedly eyeing an expanded role in the music ecosystem. The popular streaming service is reportedly considering a move into live events and ticketing, one that would allow it... Read more