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.”
For Live Nation (NYSE:LYV), things are looking up as the United States continues to loosen the restrictions on live event attendance – but earnings have still continued to take a beating in the early months of 2021 according to its Q1 earnings report, issued this week. Revenue numbers were... Read more
As part of its earnings call this week, Live Nation (NYSE:LYV) announced that Kathy Willard will be retiring after nearly 24 years with the company, and its Chief Financial Officer since 2007. Joe Berchtold, Live Nation’s President, will assume CFO duties going forward. “It has been an honor to... Read more
With rules in place that won’t allow large-scale performances at UK venues until at least the 21st of June, some fans are wondering why tickets are still on sale for a number of shows before that time. Such listings for sale are sewing consumer confusion about if and when... Read more
The ownership of Cleveland venue has filed a lawsuit against Live Nation Entertainment, claiming nearly $100 million in damages after a brief business relationship went south in 2019. TempleLive, which owns and operates the Masonic Cleveland space, alleges that the promotional and ticketing behemoth is in violation of both... Read more
A who’s who of live entertainment companies sent a letter to President Biden earlier this week offering the “full support and resources of the live event industry” in the nationwide push to vaccinate Americans and put an end to the COVID pandemic. Live Nation, AEG, Oak View Group, The... Read more
Ticketmaster has entered a plea agreement with federal prosecutors in New York in a case related to its employees illegally accessing a rival companies systems to obtain information it used to poach clients and help run it into insolvency. The deal includes a payment of $10 million in fines... Read more
Live Nation President Joe Berchtold affirmed the company’s belief that concerts would be back by midway through 2021 in an interview on CNBC this week. The company has maintained that timeline for several months, pinning its fortunes to the fact that vaccine distribution will be at a level allowing... Read more
After watching Ticketmaster refute a report that it would be tying access to events to consumer personal health data following a blistering negative reaction, AXS boss Bryan Perez says his company isn’t planning to do so either. The company is searching for any way that it can improve fan... Read more
Florida Georgia Line signed a deal with Live Nation, according to multiple reports. The duo signed with Live Nation for multiple years in a deal that will cover all North American tours. “This past year has given us a chance to spend more time writing, producing, and being creative,... Read more
A 2018 Ticketmaster data breach has resulted in a £1.25 million fine from the Information Commissioner’s Office (ICO). Personal and payment information was accessed in the breach, which may have involved as many as 9.4 million customers in Europe and more than a million in the UK. Ticketmaster says... Read more