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 Entertainment announced it has acquired Mainland Music, one of the top concert promoters in Switzerland that produces over 650 shows annually. Mainland Music, co-founded in 2012 by partners Christian Gremelmayr, Derrick Thomson, Marc Lambelet, Martin Schrader and Santosh Aerthott, has offices in Zurich and Lausanne. With this new... Read more
A class action lawsuit against Ticketmaster was revealed earlier this week after a customer accused the ticketing giant of intentional fraud and over-charging consumers. The lawsuit was filed by customer Allen Lee in the U.S. District Court for the Northern District of California, brought by barristers Steve Berman and... Read more
Live Nation Entertainment is launching a “Live Nation Lawn Pass,” which allows unlimited lawn admission to 29 participating venues throughout the summer of 2019. The pass will grant one person access to Live Nation venues across the country, including the Darien Lake Amphitheater in New York, Shoreline Amphitheater in... Read more
Live Nation Entertainment has released its third quarter financial results, which is the company’s “best quarter yet.” The ticketing giant revealed that revenue is up 11 percent, totaling a staggering $3.8 billion this quarter. Operating income and adjusted operating income both increase by 16 percent, while sponsorship and advertising... Read more
Following CBC News/Toronto Star‘s investigation of Ticketmaster’s professional reseller program, multiple artists’ managers are now seeking answers from Ticketmaster over its relationship with scalpers. CBC published leaked emails where notable band managers questioned Ticketmaster president Jared Smith, demanding to know why the ticketing giant is supporting scalpers. The first... Read more
Ticketmaster, the global leader in ticketing software and services, announced today that it acquired UPGRADED, a blockchain technology company servicing the live events industry. UPGRADED converts traditional tickets into secure interactive digital assets protected by blockchain, providing event creators with more control and visibility over ticket distribution, and protecting fans... Read more
Rep. Bill Pascrell, who helped spur a Federal Trade Commission (FTC) “workshop” to examining live event ticketing set for spring of 2019, has asked the Department of Justice to investigate Ticketmaster in a letter to Attorney General Jeff Sessions. The letter “highlights Live Nation/Ticketmaster market malfeasance” according to a... Read more
The Federal Trade Commission is holding a “public workshop” to examine consumer protection and competition issues within the online event ticketing world, announced on Thursday. The workshop will take place on March 27, 2019. “The online event ticket industry has been a frequent topic of consumer and competitor complaints,”... Read more
Following the purchase of the music streaming service Pandora Media, industry insiders are wondering if SiriusXM could team up with Live Nation Entertainment next. Last week, SiriusXM announced its $3.5 billion acquisition of Pandora. After acquiring the streaming service, rumors have been flying regarding SiriusXM and Live Nation. Both... Read more
Live Nation Entertainment announced today that it acquired a majority stake in the independent concert promoter Emporium Presents. The company promotes over 400 shows varying from concerts to comedy shows throughout the U.S. and Canada annually. Co-founded by Dan Steinberg and Jason Zink in 2015, Emporium Presents has offices... Read more