|Founded||January 25, 2010|
|Owner||Liberty Media (34.2%)|
Number of employees
|10,500 (December 2019)|
|Subsidiaries|| Roc Nation |
Live Nation Concerts
Front Line Management Group
Live Nation Network
Live Nation Merchandise
Live Nation Entertainment is an American global entertainment company, founded in 2010, following the merger of Live Nation and Ticketmaster. The company promotes, operates, and manages ticket sales for live entertainment in the United States and internationally. It also owns and operates entertainment venues, and manages the careers of music artists.
In 2009, Live Nation and Ticketmaster, a concert promotion firm and ticketing company, reached an agreement to merge. The new company received regulatory approval and was named Live Nation Entertainment.Michael Rapino, then-CEO of Live Nation, became the new company’s CEO, while Ticketmaster CEO Irving Azoff was named executive chairman.
The merger was approved first in Norway and Turkey in 2009.The United Kingdom's Competition Commission provisionally ruled against the merger, but reversed its decision on December 22, 2009.
The merger was opposed in the U.S. by some regulators, artists, fans, and competing firms, who argued it would reduce competition in the industry and increase ticket costs.Artist Bruce Springsteen was one vocal opponent of the merger at the time.
On January 25, 2010, the United States Justice Department approved the merger pending certain conditions.Ticketmaster had to sell ownership of its self-ticketing company, Paciolan, and license its software to Anschutz Entertainment Group (AEG), which would allow it to compete "head-to-head" with Ticketmaster for business. AEG was given the option after five years to buy the software, replace it with something else, or partner with another ticketing company. Additionally, Live Nation Entertainment was placed under a 10-year court order prohibiting it from retaliating against venues that choose to accept competing ticket contracts.
In 2013, the company acquired Voodoo Music & Arts Experience and announced a joint venture with Insomniac Events, a promoter focused on electronic dance music.The company later acquired C3 Presents (2014), Bonnaroo Music and Arts Festival (2015), and Founders Entertainment (2016), the parent company of Governors Ball Music Festival. In October 2016, Live Nation Entertainment bought AC Entertainment, a Knoxville Tennessee music company, as well as several international companies. The company continued to invest in music festivals and promoters in 2017, purchasing a controlling interest in BottleRock Napa Valley Music Festival, Salt Lake City-based concert promoter United Concerts, and CT Touring. In 2017, Live Nation Entertainment reported revenue of $10.3 billion. In 2018, the company expanded its concert promotion segment by acquiring a majority stake in a number of companies including Frank Productions, Emporium Presents, and Red Mountain Entertainment.
Also in 2018, the United States Department of Justice launched an investigation following complaints by AEG that Live Nation pressured them into using Ticketmaster and intentionally avoided booking acts for AEG venues.Live Nation stated that decisions in selecting venues were not punitive, and were instead based on size and management.
Live Nation Entertainment has acquired a majority stake in the David Grutman owned Groot Hospitality, a Miami-based company. The portfolio includes LIV nightclub located inside the historic Fontainebleau Hotel, which opened in 2008 as host to the annual Victoria's Secret Fashion Show in 2008. The portfolio includes restaurants and nightlife venues, to include Story (2012), Komodo (2015), Swan & Bar Bevy with Pharrell Williams(2018) and Papi Steak (2019).
In 2020, Live Nation has been hit particularly hard by the novel coronavirus pandemic, with essentially all concerts and sporting events around the world on hold. The company has been sued as it has been reluctant to offer full refunds to customers, though it has since amended its refund rules to address those complaints. The company's share price is down by more than 40 percent from January 1, thanks largely to the pandemic.
The government of Saudi Arabia's sovereign wealth fund has acquired a 5.7 percent stake in Live Nation, the parent company of Ticketmaster.
The Saudi Public Investment Fund disclosed the stake, comprising 12,337,569 shares in a filing with the Securities and Exchange Commission on Monday morning.
Based on Live Nation's share prices as of 28 April 2020, the investment is valued at just shy of $500 million. Live Nation's share price jumped at the news, rising by more than 2 percent in the first few minutes of trading. The investment is passive, and was purchased on the open market. The Saudi Public Investment Fund is now the company's third-largest shareholder, with John Malone's Liberty Media the largest individual shareholder with a 33 percent stake.
Live Nation Entertainment’s business segments are concerts, ticketing, and sponsorship and advertising.The company promotes and operates live music events and manages artists under its concerts division Live Nation Concerts. Live Nation Entertainment’s artist management arm, called Artist Nation, is included within its concerts division and also includes Front Line Management and Roc Nation. Live Nation Entertainment owns and operates venues, including the House of Blues. The company sells tickets to live events through Ticketmaster.
In 2012, the company announced a partnership with Creativeman Productions, based in Tokyo, Japan.
In June 2013, Live Nation was among those charged with violating Ontario health and safety laws following a stage collapse at a Radiohead concert that killed one crew member.A 2019 inquest returned a verdict of accidental death.
In August 2015, Live Nation announced it would form Live Nation Germany, to be created in partnership with German promoter Marek Lieberberg. Live Nation Germany would also have oversight over Live Nation events in Austria and Switzerland.
In March 2016, Live Nation acquired Big Concerts International, South Africa's leading concert promoter.The following year, the company acquired majority interests in Israeli promoter Blue Stone Entertainment and the UK’s Cuffe & Taylor.
In May 2018, Live Nation Entertainment acquired a majority stake in Brazil's Rock in Rio festival (including from previous stakeholder SFX Entertainment), with its founder Roberto Medina continuing to manage the festival's operations, and providing consulting to Live Nation.
The Coachella Valley Music and Arts Festival is an annual music and arts festival held at the Empire Polo Club in Indio, California, in the Coachella Valley in the Colorado Desert. It was co-founded by Paul Tollett and Rick Van Santen in 1999, and is organized by Goldenvoice, a subsidiary of AEG Presents. The event features musical artists from many genres of music, including rock, pop, indie, hip hop and electronic dance music, as well as art installations and sculptures. Across the grounds, several stages continuously host live music.
Ticketmaster Entertainment, Inc. is an American ticket sales and distribution company based in Beverly Hills, California with operations in many countries around the world. In 2010 it merged with Live Nation under the name Live Nation Entertainment. The company's ticket sales are fulfilled digitally or at its two main fulfillment centers located in Charleston, West Virginia, and Pharr, Texas for both primary and secondary markets. Ticketmaster's clients include venues, artists and promoters. Clients control their events and set ticket prices, and Ticketmaster sells tickets that the clients make available to them.
The Anschutz Entertainment Group (AEG) is an American worldwide sporting and music entertainment presenter and a subsidiary of The Anschutz Corporation. It is the world's largest owner of sports teams and sports events. Under the AEG Presents brand, it is the world's second largest presenter of live music and entertainment events after Live Nation. AEG Presents was started in 2002.
Ticket resale is the act of reselling tickets for admission to events. Tickets are bought from licensed sellers and are then sold for a price determined by the individual or company in possession of the tickets. Tickets sold through secondary sources may be sold for less or more than their face value depending on demand, which tends to vary as the event date approaches. When the supply of tickets for a given event available through authorized ticket sellers is depleted, the event is considered "sold out", generally increasing the market value for any tickets on offer through secondary sellers. Ticket resale is common in both sporting and musical events.
Tour promoters are the individuals or companies responsible for organizing a live concert tour or special event performance. The tour promoter makes an offer of employment to a particular artist, usually through the artist’s agent or music manager. The promoter and agent then negotiate the live performance contract. The majority of live performance contracts are drawn up using the American Federation of Musicians (AFM) standard contract format known as the AFM Performance Agreement.
Live Nation is an American events promoter and venue operator based in Beverly Hills, California. Formed in 1996 by Robert F. X. Sillerman as SFX Entertainment, the company's business was built around consolidating concert promoters into a national company. In 2000, the company was sold to Clear Channel Communications for $4.4 billion, and operated as Clear Channel Entertainment until 2005, when it was spun off as Live Nation.
Musictoday is an entertainment marketing company located in Crozet, near Charlottesville, Virginia. It was founded and run by Coran Capshaw, the manager of Dave Matthews Band. Musictoday is a pioneer in pre sales of concert tickets, by starting fan clubs for hundreds of artists. Musictoday's first fan club was Dave Matthews Band's Warehouse Fan Association.
Live Nation UK is the United Kingdom subsidiary of Live Nation Entertainment. They are best known for promoting concerts, operating venues and running festivals.
Irving Azoff is an American entertainment executive and chairman of Full Stop Management, which represents recording artists.
Robert Francis Xavier Sillerman was an American businessman and media entrepreneur. Sillerman was the owner of a range of television and radio stations during the 1970s and 1980s, In 1993 he formed SFX Broadcasting, and then built SFX Entertainment—a concert and stage performance promoter that was sold to Clear Channel in 2000 for $4.4 billion. He refounded SFX Entertainment in 2012 as a promoter of electronic music festivals; that company is now known as LiveStyle. He is also the founder of Viggle and the namesake of The Sillerman Center for the Advancement of Philanthropy at Brandeis University. Once on the Forbes 400 list, he also briefly owned the WLAF's New York/New Jersey Knights.
The Ruoff Music Center is an outdoor amphitheatre located in Noblesville, Indiana. It is the largest outdoor music venue in the Indianapolis metropolitan area of central Indiana, with 6,147 seats, under a pavilion and 18,000 general admission lawn seats. It is used mainly for large concerts, but is also frequently a host for high school graduations and political rallies. It is still called "Deer Creek" by locals and concert going fans.
The Mercury Lounge is a live-music venue in the Lower East Side of New York City. Like its brother venue The Bowery Ballroom, The Mercury Lounge is celebrated as an iconic indie venue due its acoustics, its fostering and even launching of upcoming artists, and its no-frills, rock n' roll presentation. It has made numerous top-ten lists over the years including that of Billboard Magazine. It has a capacity of 250 people.
The Billboard Live Music Awards is an annual meeting sponsored by Billboard magazine that honors the top international live entertainment industry artists and professionals. Established in 2004, it has thus been described as "part industry conference, part awards show".
Hard is a national music festival, music cruise and concert brand founded by Gary Richards in 2007. The event line-ups consist of alternative and electronic acts and emerging talents. The first Hard Music Festival was held on December 31, 2007 in Downtown Los Angeles and featured Justice, Peaches and 2 Live Crew. Hard is best known for the Hard Summer Music Festival and Hard Haunted Mansion, though also runs several smaller events and once-off shows. Hard is sometimes called "Hardfest" by fans, based on the event's website and social media shortcuts. Additional Hard brands include the Hard Summer, Hard Red Rocks, Hard at Electric Daisy Carnival, and the Holy Ship! electronic music cruise, and former events include Hard Day of The Dead, Hard 13, Turkey Soup and Hard Miami. Live Nation Entertainment acquired Hard in 2012. In 2017, Gary Richards left Live Nation and his brainchild Hard to found his new brand All My Friends as President of LiveStyle North America underneath the LiveStyle, Inc. umbrella.
Songkick is an U.S.-based concert discovery service owned by Warner Music Group. The service allows users to search for upcoming concert events in their area, and also track individual artists to receive notifications of upcoming shows in their area.
The Bowery Presents, the East Coast regional partner of AEG Live, that owns and operates multiple venues in New York City, Boston, Philadelphia, New Jersey, New Orleans, Virginia, and Maine. Venue capacities range from 250 people to 20,000 people. Since its inception, The Bowery Presents has been a purveyor of artist development and consistently strives to work with artists like LCD Soundsystem, My Morning Jacket, Leon Bridges and Bastille to grow from performing in intimate clubs to performing in sold-out arenas.
LiveStyle is a Los Angeles-based live events conglomerate founded by media entrepreneur Robert F. X. Sillerman. The company was formed in June 2012 as SFX Entertainment—the new incarnation of Sillerman's previous company of the same name, which was sold to Clear Channel Communications and later spun-off in 2005 as Live Nation.
AXS is a digital marketing platform for purchasing tickets for sports and entertainment events in the United States, and internationally. It was developed and is operated by Anschutz Entertainment Group (AEG) in partnership with Outbox Technologies. In September 2019, AEG bought out Outbox's partnership and AXS is now a wholly owned subsidiary of AEG.
Eventim UK is an events and ticket agent, based in the UK. The company is a wholly owned subsidiary of Europe's largest ticket retailer, CTS Eventim AG & Co. KGaA.
Michael Rapino is a Canadian-American business executive and the Chief Executive Officer and President of Live Nation Entertainment, Inc, which was formed in 2010 following the merger of Live Nation and Ticketmaster.