Live Nation Launches Fund For Impacted Concert Crews
While artists are suffering during cancelled or postponed shows, several people behind the scenes are also struggling during this trying time. To help support concert crews across the world, Live Nation started a charitable fund this week. The Crew Nation fund has been created to provide monetary relief for... Read more
Live Nation CEO Buys $1 Million In Shares After Price Falls
Live Nation CEO and President Michael Rapino reportedly purchased $1 million worth of stock in the company, according to a recent filing with the Securities and Exchange Commission, Billboard reports. The filing shows that Rapino bought 25,640 shares of common stock at an average of $38.98 per share, which... Read more
Breaking: Live Nation Has Postponed All Tours Throughout March Due To Coronavirus
Promoter giant Live Nation Entertainment revealed news Thursday afternoon that due to the spread of coronavirus, all concert tours throughout March will be postponed, Billboard reports. The company reportedly told its employees to hault current touring arena shows throughout the end of the month. While some gigs will still... Read more
Live Nation CEO Downplays Coronavirus’ Impact On Company
Live Nation President and CEO Michael Rapino doesn’t believe the rapidly-growing coronavirus (COVID-19) will seriously impact his company’s operations or effect its long-term financial outlook. In an earnings call last week, the president acknowledged that the virus might impact shows in countries and regions where the outbreak is prevalant,... Read more
Live Nation Reveals 2019 Revenue Report, Ninth Consecutive Year of Growth
Concert promoter giant Live Nation Entertainment revealed its full-year results for 2019, which show another increase in revenue. The report, which was released on Thursday, says that the company reported a total revenue of $11.54 billion – an 8% increase from 2018. Additionally, the operating income and adjusted operating... Read more
Live Nation Entertainment released financial results for their fourth quarter, as well as the full year of 2018, last week, which showed the company’s eighth consecutive year of growth. The report showed that revenue, operating income, and adjusted operating income increased, with revenue up 11 percent to $10.8 billion,... Read more
Senators Moran, Blumenthal Question Ticketmaster Practices
United States Senators Jerry Moran (R-Kan.) and Richard Blumenthal (D-Conn.) have composed a letter with several questions for Live Nation Entertainment CEO Michael Rapino in the wake of last week’s CBC/Toronto Star reporting Ticketmaster resale practices. The chairman and ranking member of the U.S. Senate Commerce Subcommittee on Consumer... Read more
Live Nation a Monopoly? “Very Smart Assessment” Per CEO (in 2015)
In the wake of Sunday’s bombshell piece on A1 of the New York Times outlining potentially anti-competitive practices in place by industry giant Live Nation Entertainment and subsidiary Ticketmaster – and the potential that they are being examined by the Department of Justice – a response was inevitable. It... Read more
Ticketmaster Deck in Evidence Shows How Seriously They Took Songkick/Crowdsurge Threat
News recently broke that Songkick made at least a cursory attempt at convincing Ticketmaster to buy it after filing a lawsuit against the ticketing giant. Ticketmaster did not bite on the offer, but documents submitted as evidence in that case show how seriously the Live Nation-owned company took the... Read more
Michael Rapino Signs Five Year Renewal as Live Nation CEO
Live Nation CEO Michael Rapino signed a five year contract renewal to serve as the CEO of Live Nation Entertainment in a deal valued at $9 million per year plus stock, according to an SEC filing from today and reported by Billboard. The agreement, signed on Friday, December 15, says... Read more