Christine Varney, the assistant attorney general who ran the U.S. Justice Department’s antitrust division, is stepping down from her post. Varney ran the division during the federal review of the Ticketmaster/Live Nation merger, and according to the Wall Street Journal, she is resigning in August to join the prestigious... Read more
Live Nation Chairman Irving Azoff and President and CEO Michael Rapino made a combined $38.7 million in compensation from the company in 2010, according to the Wall Street Journal and financial filings with the Securities and Exchange Commission. Rapino received $15.9 million in total compensation, while Azoff received $22.8... Read more
Shares of Live Nation stock, which trades under the symbol LYV, dropped 3 percent today, February 3, following reports that rival Anschutz Entertainment Group (AEG) was partnering with Outbox Technology to sell tickets. At the close of financial markets today, Live Nation stock was selling for $10.43, down $0.33... Read more
Ever since the Ticketmaster/Live Nation merger was approved, the ticketing industry waited to see what Anschutz Entertainment Group (AEG) would do with the Justice Department’s blessing to create a ticketing operation to compete with Ticketmaster. This week, the industry got its answer with the news that AEG was teaming... Read more
That chill you feel in the air may not only be due to the frigid winter, it could be coming from the Washington, DC/Baltimore region where a fight appears to be looming between Live Nation’s Ticketmaster division and local concert impresario Seth Hurwitz. This week, Live Nation announced it... Read more
Jam Productions, whose co-owner Jerry Mickelson has long been a critic of Live Nation and its Ticketmaster division, is suing the entities to be released from the ticketing contract Jam signed years before Live Nation and Ticketmaster merged. Chicago-based Jam signed the ticketing deal with Ticketmaster in 2006, but... Read more
Barry Diller, one of the nation’s most influential executives in media and entertainment, has resigned as chairman of the board of Live Nation, effective at the company’s next board meeting, multiple news outlets are reporting today, September 29. The surprising move comes after a rough summer for the company,... Read more
In the months since the approval of the Ticketmaster/Live Nation merger, officials with the U.S. Department of Justice (DOJ) have stayed in regular contact with several concert promoters and other music industry players as a way to continually monitor the effects of the deal. Under the conditions of the... Read more
A legal fight between Guns N’ Roses singer Axl Rose and Live Nation Entertainment Executive Chairman Irving Azoff escalated this week when Rose sued the powerful artist manager for alleged bullying tactics as part of a plan to try to manipulate Rose into touring again with the original members... Read more
In early 2008, Ticketmaster announced it was buying secondary ticket company TicketsNow, a $265 million move that was designed to jumpstart the company’s underperforming ticket resale business because its own TicketExchange had not caught on with fans. Now, two and a half years later, what was once a business... Read more