Live Nation Entertainment
240px | |
Public company | |
Traded as | NYSE: LYV |
Industry | Entertainment |
Founded | 2010 |
Headquarters | Los Angeles, California |
Area served
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Worldwide |
Key people
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Products | Ticketmaster Live Nation Concerts Front Line Management Group Live Nation Network |
Revenue | US$ 5.38 billion (2011) |
US$ 18.34 million (2011) | |
US$ -70.40 million (2011) | |
Total assets | US$ 5.088 billion (2011) |
Total equity | US$ 1.62 billion (2011) |
Number of employees
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Full-time: 6,600 Part-time: 13,000 |
Website | livenationentertainment |
Live Nation Entertainment is an American entertainment company, formed from the merger of Live Nation and Ticketmaster. It owns, leases, operates, has booking rights for and/or equity interest in a large number of U.S. entertainment venues. The leadership consists of John C. Malone, chairman of Liberty Media as chairman and Michael Rapino (previously chief executive officer of Live Nation) as president and CEO of the company.
The merger that gave rise to the company was not without opposition. The proposed merger initially received regulatory approval in Norway and Turkey.[1] The United States Justice Department approved the merger on January 25, 2010, with some conditions to which both parties agreed.[2] However, in October 2009, the United Kingdom's Competition Commission provisionally ruled against the merger.[3] On December 22, 2009, the Competition Commission reversed its decision and cleared the proposed merger.[1]
Contents
Clearance and divestment of assets to merge
Separate regulatory reviews of the proposal were continuing in the United States and Canada.[1] On January 25, 2010, the United States and Canadian governments cleared the way for Live Nation and TicketMaster to merge. Irving Azoff is chairman and founder of Azoff Music Management Group, Inc. In late 2008, he became chairman and CEO of Ticketmaster Entertainment. He is now Executive Chairman of Live Nation Entertainment
As part of the agreement with governments to merge, Ticketmaster has to sell its ownership in its self-ticketing company, Paciolan. According to the Associated Press, Live Nation Entertainment will be under a 10-year court order prohibiting it from retaliating against venues that choose to accept competitors' ticket-selling contracts, and it "must allow venues that sign deals elsewhere to take consumer ticketing data with them".[4][5]
In addition, the new company will have to license a copy of its ticketing software to two companies—Anschutz Entertainment Group (AEG) and either Comcast Spectacor or another “suitable” company—so that both companies can compete “head-to-head” with Ticketmaster for venues’ business. After five years, AEG will have the option of buying the software, replacing it with something else, or partnering with another ticketing company.[6]
Opposition to merger
A group including members of the United States Congress and business rivals of Ticketmaster and Live Nation had urged the U.S. Department of Justice to stop the merger.[when?] The Computer & Communications Industry Association (CCIA), whose members include Google, Oracle, Microsoft, Yahoo, Intuit, and eBay, also opposed the merger.[7][8]
Venues
As of February 2nd, 2015, Live Nation "owned, leased, and had booking rights for and/or had an equity interest in":[9]
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- Riverside Fox Theater
- Riverside Municipal Auditorium
- PNC Bank Arts Center
- Nikon at Jones Beach Theater
- NYCB Theatre at Westbury
- Paramount Theatre (Long Island) (booking)
- Irving Plaza
- Gramercy Theatre
- Roseland Ballroom
Foxwoods Theatre[10]- Union County Performing Arts Center (booking)
- San Manuel Amphitheater
- Irvine Meadows Amphitheatre
Gibson Amphitheatre- Hollywood Palladium
- Wiltern Theatre
First Midwest Bank Amphitheatre- FirstMerit Bank Pavilion
- Bottom Lounge (booking)
- BB&T Pavilion
- Tower Theater
- The TLA
- Festival Pier
- River Stage at Great Plaza
- Boyd Theatre
- Gexa Energy Pavilion
- Morton H. Meyerson Symphony Center (booking)
- Palladium Ballroom (booking)
- Shoreline Amphitheatre
- Concord Pavilion
- The Fillmore
- Nob Hill Masonic Auditorium
- Cobb's Comedy Club
- Bank of America Pavilion
- Orpheum Theatre
- Paradise Rock Club
- Brighton Music Hall
- Jiffy Lube Live
- Warner Theatre
- The Fillmore Silver Spring
- Aaron's Amphitheatre at Lakewood
- Chastain Park Amphitheatre
- The Tabernacle
- Cynthia Woods Mitchell Pavilion (booking only)
- Bayou Music Center
- The Fillmore Detroit
- Saint Andrew's Hall
- White River Amphitheatre
- Ak-Chin Pavilion
- Comerica Theatre
- MidFlorida Credit Union Amphitheatre
- Klipsch Amphitheatre at Bayfront Park
- The Fillmore Miami Beach at Jackie Gleason Theater
- Revolution Live (booking only)
Comfort Dental Amphitheatre- Fillmore Auditorium
- Blossom Music Center
- Jacobs Pavilion at Nautica (booking only)
- Sleep Train Amphitheatre (Chula Vista)
- Hollywood Casino Amphitheatre - Chicago, IL
- Hollywood Casino Amphitheatre - St. Louis, MO
- The Pageant (50%)
- First Niagara Pavilion
- Walnut Creek Amphitheatre
- Red Hat Amphitheater (booking only)
- Verizon Wireless Amphitheatre (Charlotte)
- Time Warner Cable Uptown Amphitheater
- The Fillmore Charlotte
- Klipsch Music Center
- Farm Bureau Insurance Lawn at White River State Park (booking only)
- Murat Theatre at Old National Centre
- Sleep Train Amphitheatre (Wheatland)
- California Coast Credit Union[11] Open Air Theatre at SDSU (booking only)
- Viejas Arena (booking only)
- Rentschler Field (booking only)
- Mohegan Sun Arena (booking only)
- Toyota Presents Oakdale Theatre
- Starlight Theatre (booking only)
- Alpine Valley Music Theatre
- Riverbend Music Center (booking only)
- PNC Pavilion
- Bogart's
- Cruzan Amphitheatre
- Oak Mountain Amphitheatre
- Hersheypark Stadium (booking only)
- Sands Bethlehem Event Center (booking only)
- Farm Bureau Live at Virginia Beach
- Austin360 Amphitheater
- Isleta Amphitheater
- Sandia Casino Amphitheater (booking only)
- The Louisville Palace
- Darien Lake Performing Arts Center
- Toyota Pavilion at Montage Mountain
- Saratoga Performing Arts Center
- The Gorge Amphitheatre
- Jamboree in the Hills Festival Site
- Molson Canadian Amphitheatre
- Rogers Arena (booking only)
- Commodore Ballroom
- Leeds Festival Site
Wembley Arena[12]- Olympic Stadium[13]
- O2 Apollo Manchester
- Little John’s Farm
- Motorpoint Arena Sheffield
- Southampton Guildhall
- Heineken Music Hall
- Ziggo Dome
- Balado
- Motorpoint Arena Cardiff
- 3Arena
- Bord Gáis Energy Theatre
- Torino Palasport Olimpico
- Torino Palavela
- The Ritz
- House of Blues:
- New Orleans
- Las Vegas
- San Diego
- Los Angeles
- Houston
- Dallas
- Cleveland
- Boston
- Orlando
- Anaheim
- Chicago
- Myrtle Beach
- Punch Line Comedy Club
- Sacramento
- San Francisco
- Milano Mediolanum Forum (predominantly booking)
References
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- ↑ British Regulator Backs Merger of Ticketmaster and Live Nation
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- ↑ Live Nation Entertainment 2012 Annual Report
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ https://www.calcoastcu.org/
- ↑ Live Nation ends Wembley Arena venue management contract
- ↑ Live Nation to Stage Concerts in London’s Queen Elizabeth Olympic Park and Stadium
External links
- Articles with dead external links from October 2010
- Pages with broken file links
- Vague or ambiguous time from September 2012
- Live Nation Entertainment
- Electronic music event management companies
- Event management companies
- Festival organizations
- Sports agents
- Ticket sales companies
- Online retail companies of the United States
- Entertainment companies based in California
- Entertainment companies established in 2010
- 2010 establishments in California
- Companies based in Los Angeles County, California
- Companies based in Beverly Hills, California
- Companies listed on the New York Stock Exchange