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.”
Promoter giant Live Nation entertainment announced that it would look into utilizing amphitheater parking lots for drive-in concert tours this summer. The concert industry is ultimately halted for the moment amid the ongoing coronavirus pandemic, and while artists have been hosting livestream events and sharing old concert footage, music... Read more
Amid the coronavirus pandemic, Live Nation had to call-off its second-annual Lawn Pass program. The Lawn Pass is the ultimate summer concert ticket – allowing fans to purchase an all-in ticket to the arena of their choice. The pass would serve as their ticket to every concert at their... Read more
In order to stay afloat amid the coronavirus pandemic, live entertainment behemoth Live Nation announced that it has furloughed 20 percent of its staff in cost-cutting measures. According to Billboard, the company revealed a $600 million cost-cutting package, which will affect 2,100 of Live Nation’s 10,500 employees. Back in... Read more
The entertainment industry has been hit hard amid the coronavirus pandemic, and to stay afloat, promoter giant Live Nation announced that it would boost liquidity during the concert shutdown. On Wednesday, the entertainment behemoth revealed that the company intended to secure $800 million in senior date, via a secured... Read more
Live Nation has been downgraded in the S&P Global ratings system amid ongoing pandemic-induced struggles. The entertainment titan was hit with a negative financial outlook when S&P Global changed its B+ credit rating to a BB- citing a risk of “dramatic revenue declines” amid the global crisis. “We …... Read more
This year’s Faster Horses Country Music Festival is on-the-rocks, and now, promoter Live Nation says they won’t have a decision regarding the festival until 14 days ahead of the event. The three-day country music festival is scheduled to take place from July 17 to 19 at Michigan International Speedway.... Read more
As the live event industry is halted, Live Nation is moving towards an idea to allow socially-distant concerts: drive-in concert tours. The idea first came to fruition in Germany, where D.ive opened its theaters for concerts, family shows, a circus, and a wedding, promoted by BigCityBeats. Then, news broke in... Read more
Late last summer, Live Nation acquired the Mexican promoter OCESA Entertainment, however, the purchase has been put on hold amid the coronavirus pandemic. The acquisition was first announced in July, followed by an approval from Mexican regulators in mid-April 2020. However, Live Nation President and CEO Michael Rapino announced... Read more
As the music industry is halted and fans are craving live entertainment, concert promoters are thinking of new ways to hold concerts — from a safe distance. On Thursday, entertainment giant Live Nation held an investor earnings call, discussing revenue from the first quarter of 2020. Live Nation reported... Read more
Live Nation faced significant financial impacts as a result of the current pandemic, but in the aftermath of COVID-19, eager fans are ready to help the industry bounce back. According to a fan survey conducted by the entertainment titan, consumers are confident that live events will return over time... Read more