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
Ticketmaster Targeted by Conservative Ad Campaign Over “Woke” Politics
Ticketmaster has been targeted by attack ads paid for by a conservative group, alleging that the company is attempting to “distract attention from their corporate failures by playing woke politics.” Major League Baseball is also a target of the campaign, which is paid for by Consumers’ Research as part... Read more
Live Nation Reports $300M Q1 Loss As Reopening Continues
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
Live Nation Revenue Down 95 Percent in Q3 Earnings Report
Continued revenue struggles and cash burn continued for Live Nation over the third quarter of 2020, according to earnings figures released this week. The company showed revenue down by 95 percent compared to the same time period last year, which was expected amid the continued shutdown of much of... Read more
Live Nation Pledges $10 Million Investment to Broaden Diversity
Live Nation CEO Michael Rapino posted an open letter addressing issues of racism and discrimination in society, pledging that his company is “committing to take steps to ensure that everyone in our community – employees, artists, and fans – is valued, respected, and treated equitably.” Among those steps is... Read more
Founder Of Live Nation’s Maverick Steps Down From Role
Live Nation’s artist management collective Maverick will see its founder Guy Oseary step down from his role. Maverick, which was founded by Madonna, Frederick DeMann, and Veronica “Ronnie” Dashev in 1992, was revised as a management group founded by Oseary in partnership with Live Nation in 2014. The company... Read more
Live Nation Raises $1.2B To Survive Industry Crisis
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 Acquisition of Mexican Promoter Halted
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
Live Nation Reveals Ticket Refund Plan For Postponed, Cancelled Shows
Following harsh backlash from fans, Live Nation updated its ticket-refund policies for cancelled or postponed events amid the coronavirus pandemic. Originally, the company – along with its subsidiary Ticketmaster – said it would only refund ticketholders for events that were cancelled or rescheduled, not postponed, within a 30-day window.... Read more
Don Vaccaro: Working Together to Weather the Covid Crisis
When things go bad, people like to look for a villain. Ticketing professionals are competitors in a very competitive marketplace. Most people know of my opposition to a lot of Live Nation policies, because I am very vocal about it. However, we should give them credit for their integrity... Read more