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.”
Backstreets, published continuously since 1980, announced in an Op-Ed by Publisher and Editor in Chief Christopher Phillips that it is shutting down after 43 years. The reason for the Bruce Springsteen fanzine calling it quits is surging “dynamic” ticket pricing – and the choice by “The Boss” to embrace... Read more
Lil Jon and his legal team are reportedly considring a lawsuit against Live Nation over its decision to continue operating its “Lovers & Friends Festival” in 2023 without his participation. The rapper had a hit single in 2004 released under the same title, performed with Ludacris and Usher. According... Read more
Amid significant legal and regulatory scrutiny of its business practices and competition within the live entertainment business, Live Nation Entertainment announced it has hired prominent antitrust attorney Dan Wall as its Executive Vice President for Corporate and Regulatory Affairs. The role brings Wall, who has worked with Live Nation... Read more
The Law Offices of Frank R. Cruz has declared that it is investigating potential claims against the board of directors of Live Nation Entertainment, Inc. (“Live Nation” or the “Company”) (NYSE: LYV) concerning whether the board breached its fiduciary duties to shareholders, according to the release published on Business... Read more
President Biden asked legislators to take action on his competition agenda Wednesday morning, and near the top of his list of priorities is reform in live event ticketing. He asked lawmakers to put forward a so-called Junk Fee Prevention Act that would “crack down on excessive online concert, sporting... Read more
John Breyault, Brian Hess, and Gary Adler wrote the following opinion piece in the wake of last week’s Senate Judiciary Committee hearing on live events and ticketing. Breyault is the s vice president of public policy telecommunications and fraud at the National Consumers League; Brian Hess is executive director... Read more
A consortium of music-industry groups issued a lengthy statement in the wake of last week’s Senate hearing looking at competition concerns with Live Nation/Ticketmaster and the industry as a whole – and they are asking that steps be taken to break up the industry giant. The joint statement, issued... Read more
Garth Brooks, the country star who has been selling out venues and making millions of dollars for a generation, has come out in support of Live Nation Entertainment and Ticketmaster in the wake of last week’s blistering antitrust hearing at the U.S. Senate. The singer defended the company against... Read more
If there’s one thing that this week’s extraordinary hearing before the Senate Committee on the Judiciary regarding live events and ticketing made clear, it’s that public opinion matters. The hearing, which saw Live Nation Entertainment President and CFO Joe Berchtold put on the defensive from members of the Senate... Read more
Ticketmaster Mexico has announced Ana María Arroyo as its new CEO to replace Lorenza Baz – who had led the company for three decades. The change came in the wake of the messy finale of Bad Bunny’s tour in Mexico City in December, which saw thousands of ticket-holders locked... Read more