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Live Nation Entertainment is an American global entertainment company, formed from the merger of Live Nation and Ticketmaster in 2010.

Live Nation Entertainment, Inc.
Public company
Traded as NYSELYV
S&P 400 Component
Industry Entertainment
Founded 2010
Headquarters Beverly Hills, California, U.S.
Area served
Worldwide
Key people
Revenue Increase US$ 8.355 billion (2016) [1]
Increase US$ 180.89 million (2016)
Increase US$ 2.94 million (2016)
Total assets Increase US$ 6.764 billion (2016)
Total equity Decrease US$ 1.126 billion (2016)
Owner Liberty Media (34.2%)[2]
Number of employees
Full-time: 6,600
Part-time: 13,000
Subsidiaries Roc Nation
Ticketmaster
Live Nation Concerts
Front Line Management Group
Live Nation Network
C3 Presents
AC Entertainment
Website livenationentertainment.com

It owns, leases, operates, has booking rights for and/or equity interests in a large number of U.S. entertainment venues.

Contents

HistoryEdit

MergerEdit

The merger initially received regulatory approval in Norway and Turkey in 2009.[3] In October 2009, the United Kingdom's Competition Commission provisionally ruled against the merger.[4] On December 22, 2009, the Competition Commission reversed its decision and cleared the proposed merger.[3] The United States Justice Department approved the merger on January 25, 2010, with some conditions to which both parties agreed.[5]

As part of the agreement with governments to merge, Ticketmaster had to sell its ownership in its self-ticketing company, Paciolan, and Live Nation Entertainment was placed 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".[6][7]

In addition, the new company had 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 could compete "head-to-head" with Ticketmaster for venues’ business. AEG was given the option after five years to buy the software, replacing it with something else, or partnering with another ticketing company.[8]

OppositionEdit

The merger that formed the company was opposed by members of the United States Congress, business rivals, and the Computer & Communications Industry Association (CCIA), whose members include Google, Oracle, Microsoft, Yahoo, Intuit, and eBay.[9][10]

CompanyEdit

LeadershipEdit

The leadership team at Live Nation Entertainment consists of the following people as of 2017:

Acquisitions and InvestmentsEdit

In December 2014, Live Nation Entertainment acquired Austin-based live entertainment and artist management company C3 Presents. [13]

In October 2016, Live Nation Entertainment bought AC Entertainment, a Knoxville Tennessee music company.[14]

In February 2017, Live Nation Entertainment acquired a majority interest in Israeli promoter Blue Stone Entertainment.[15]

ReferencesEdit

  1. ^ https://www.google.com/finance?q=NYSE%3ALYV&fstype=ii&ei=YqD7WMmXGoGZUb7ctaAN
  2. ^ "Live Nation Entertainment, Inc". Retrieved 2016-10-18. 
  3. ^ a b "Ticketmaster and Live Nation Welcome Competition Commission Ruling on Merger" (PDF) (Press release). Ticketmaster Entertainment. December 22, 2009. 
  4. ^ Van Buskirk, Eliot (October 12, 2009). "Live Nation/Ticketmaster Merger Faces Obstacles Here and Abroad". Wired. Retrieved 2009-10-19. 
  5. ^ Chmielewski, Dawn C. and Fritz, Ben and Lewis, Randy (January 26, 2010). "Ticketmaster-Live Nation merger gets Justice Department's approval". The Los Angeles Times. Retrieved January 26, 2010. 
  6. ^ Nakashima, Ryan (January 25, 2010). "Live Nation, Ticketmaster merge after approval". The Washington Post. Associated Press. Retrieved January 26, 2010. [dead link]
  7. ^ "Live Nation and Ticketmaster Entertainment Merger Receives U.S. Department of Justice Clearance" (Press release). Live Nation and Ticketmaster Entertainment via CNN. January 25, 2010. Retrieved January 26, 2010. 
  8. ^ Van Buskirk, Eliot (January 25, 2010). "DOJ Approves Modified Ticketmaster, Live Nation Merger". Wired News. Retrieved January 26, 2010. 
  9. ^ British Regulator Backs Merger of Ticketmaster and Live Nation
  10. ^ Branch Jr., Alfred (January 19, 2010). "Ticketmaster / Live Nation merger: 25,000 contact DOJ to oppose the deal". TicketNews. Retrieved January 26, 2010. 
  11. ^ Smith, Ethan (2013-03-14). "Maffei Named Chairman of Live Nation". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-12-12. 
  12. ^ "Stocks". Bloomberg.com. Retrieved 2017-12-12. 
  13. ^ "Live Nation Completes Deal for C3 Presents". Billboard. Retrieved 2017-10-28. 
  14. ^ "Live Nation buys AC Entertainment". The Tennessean. Retrieved 2016-11-16. 
  15. ^ "Live Nation acquires majority stake in Israel's Bluestone Entertainment - Music Business Worldwide". Music Business Worldwide. 2017-02-07. Retrieved 2017-12-12. 

External linksEdit