Astroworld Aftermath May Impact Permitting Process for Future Events
Six months have passed since the Astroworld tragedy which resulted in the death of 10 concertgoers and injury of more than 300 – with recent court filings indicating that number may be far higher. But the task of determining what the key conditions at the event were that led... Read more
U.S. Rep. Renews Calls to Break up Live Nation After Chappelle Attack
Congressman Bill Pascrell, Jr. (D-NJ) renewed his calls for Live Nation Entertainment to be broken up after yet another safety incident at an event it was running last week. Rep. Pascrell, long a vocal opponent of the entertainment giant that he openly argues is a monopoly, says that the... Read more
Price Surging Leads Live Nation to Best First Quarter Ever
The reopening from pandemic restrictions continues to power record-setting numbers for Live Nation Entertainment, according to the company’s Q1 earnings report issued this week. Ticketmaster saw its gross ticket value transactions number up 39% compared to 2019, with 70 million tickets sold already for 2022 concerts. “Momentum has picked... Read more
Live Nation CEO Michael Rapino Sells $150 Million in Company Stock
Live Nation Entertainment CEO Michael Rapino cashed out over $150 million worth of company stock in a series of trades over the past month, according to SEC reporting. The stock had been acquired through the exercise of options he had received back in 2012 that were set to expire... Read more
Astroworld Task Force Findings Show Poor Training Among Event Failures
Poor planning, poor security training, and failures in communication were cited by Texas officials in a report on the Astroworld tragedy last fall that caused the death of ten festivalgoers and injuries to hundreds more. The Texas Task Force on Concert Safety was put together by Gov. Greg Abbott... Read more
Report: Live Nation Spent 5X More on Lobbying Than Anyone in Ticketing
In recent years, a litany of voices have called for better consumer-friendly regulation on ticketing and the live events industry as a whole. From consumer advocates to state and national legislators on all ends of the political spectrum and even actual regulatory agencies like the FTC, efforts to push... Read more
Legislators Launch Bipartisan Investigation of Live Nation and Astroworld
The House Committee on Oversight and Reform has opened an inquiry into Live Nation Entertainment and its role in the Astroworld Festival tragedy in November. They have asked for answers to specific questions by early January with plans for a briefing to be held on January 12, 2022. A... Read more
Live Nation Closes Purchase of Ocesa, World’s 3rd Largest Promoter
The rich got officially richer this week, as Live Nation announced the closure of its purchase of a controlling majority of Mexico-based promoter OCESA Entretenimiento. The deal, which was in progress for several years and then delayed by COVID, brought the world’s largest live events promoter a 51% share... Read more
Mark Cuban, Live Nation Announce Dallas’ Echo Lounge & Music Hall
Dallas Mavericks owner and billionaire Mark Cuban and Live Nation announced opening plans and a slate of shows for the Echo Lounge & Music Hall in Dallas. Located in the city’s design district, the club has capacity for approximately 1,000 and plans to bring in touring artists as well... Read more
Live Nation Denies Report of COVID Gag Order in Artist Contracts
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