Live Nation Entertainment

Live Nation Entertainment
Public company
Traded as NYSE: LYV
Industry Entertainment
Founded 2010
Headquarters Los Angeles, California
Area served
 Worldwide
Key people
Products Ticketmaster
Live Nation Concerts
Front Line Management Group
Live Nation Network
Revenue Increase US$ 5.38 billion (2011)
Increase US$ 18.34 million (2011)
Increase US$ -70.40 million (2011)
Total assets Decrease US$ 5.088 billion (2011)
Total equity Increase US$ 1.62 billion (2011)
Number of employees
 Full-time: 6,600
Part-time: 13,000
Website livenationentertainment.com

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]

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. 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]

  1. Riverside Fox Theater
  2. Riverside Municipal Auditorium
  3. PNC Bank Arts Center
  4. Nikon at Jones Beach Theater
  5. NYCB Theatre at Westbury
  6. Paramount Theatre (Long Island) (booking)
  7. Irving Plaza
  8. Gramercy Theatre
  9. Roseland Ballroom
  10. Foxwoods Theatre[10]
  11. Union County Performing Arts Center (booking)
  12. San Manuel Amphitheater
  13. Irvine Meadows Amphitheatre
  14. Gibson Amphitheatre
  15. Hollywood Palladium
  16. Wiltern Theatre
  17. First Midwest Bank Amphitheatre
  18. FirstMerit Bank Pavilion
  19. Bottom Lounge (booking)
  20. BB&T Pavilion
  21. Tower Theater
  22. The TLA
  23. Festival Pier
  24. River Stage at Great Plaza
  25. Boyd Theatre
  26. Gexa Energy Pavilion
  27. Morton H. Meyerson Symphony Center (booking)
  28. Palladium Ballroom (booking)
  29. Shoreline Amphitheatre
  30. Concord Pavilion
  31. The Fillmore
  32. Nob Hill Masonic Auditorium
  33. Cobb's Comedy Club
  34. Bank of America Pavilion
  35. Orpheum Theatre
  36. Paradise Rock Club
  37. Brighton Music Hall
  38. Jiffy Lube Live
  39. Warner Theatre
  40. The Fillmore Silver Spring
  41. Aaron's Amphitheatre at Lakewood
  42. Chastain Park Amphitheatre
  43. The Tabernacle
  44. Cynthia Woods Mitchell Pavilion (booking only)
  45. Bayou Music Center
  46. The Fillmore Detroit
  47. Saint Andrew's Hall
  48. White River Amphitheatre
  49. Ak-Chin Pavilion
  50. Comerica Theatre
  51. MidFlorida Credit Union Amphitheatre
  52. Klipsch Amphitheatre at Bayfront Park
  53. The Fillmore Miami Beach at Jackie Gleason Theater
  54. Revolution Live (booking only)
  55. Comfort Dental Amphitheatre
  56. Fillmore Auditorium
  57. Blossom Music Center
  58. Jacobs Pavilion at Nautica (booking only)
  59. Sleep Train Amphitheatre (Chula Vista)
  60. Hollywood Casino Amphitheatre - Chicago, IL
  61. Hollywood Casino Amphitheatre - St. Louis, MO
  62. The Pageant (50%)
  63. First Niagara Pavilion
  64. Walnut Creek Amphitheatre
  65. Red Hat Amphitheater (booking only)
  66. Verizon Wireless Amphitheatre (Charlotte)
  67. Time Warner Cable Uptown Amphitheater
  68. The Fillmore Charlotte
  69. Klipsch Music Center
  70. Farm Bureau Insurance Lawn at White River State Park (booking only)
  71. Murat Theatre at Old National Centre
  72. Sleep Train Amphitheatre (Wheatland)
  73. Cal Coast Credit Union Open Air Theatre at SDSU (booking only)
  74. Viejas Arena (booking only)
  75. Rentschler Field (booking only)
  76. Mohegan Sun Arena (booking only)
  77. Toyota Presents Oakdale Theatre
  78. Starlight Theatre (booking only)
  79. Alpine Valley Music Theatre
  80. Riverbend Music Center (booking only)
  81. PNC Pavilion
  82. Bogart's
  83. Cruzan Amphitheatre
  84. Oak Mountain Amphitheatre
  85. Hersheypark Stadium (booking only)
  86. Sands Bethlehem Event Center (booking only)
  87. Farm Bureau Live at Virginia Beach
  88. Austin360 Amphitheater
  89. Isleta Amphitheater
  90. Sandia Casino Amphitheater (booking only)
  91. The Louisville Palace
  92. Darien Lake Performing Arts Center
  93. Toyota Pavilion at Montage Mountain
  94. Saratoga Performing Arts Center
  95. The Gorge Amphitheatre
  96. Jamboree in the Hills Festival Site
  97. Molson Canadian Amphitheatre
  98. Rogers Arena (booking only)
  99. Commodore Ballroom
  100. Leeds Festival Site
  101. Wembley Arena[11]
  102. Olympic Stadium[12]
  103. O2 Apollo Manchester
  104. Little John’s Farm
  105. Motorpoint Arena Sheffield
  106. Southampton Guildhall
  107. Heineken Music Hall
  108. Ziggo Dome
  109. Balado
  110. Motorpoint Arena Cardiff
  111. 3Arena
  112. Bord Gáis Energy Theatre
  113. Torino Palasport Olimpico
  114. Torino Palavela
  115. The Ritz
  116. House of Blues:
    1. New Orleans
    2. Las Vegas
    3. San Diego
    4. Los Angeles
    5. Houston
    6. Dallas
    7. Cleveland
    8. Boston
    9. Orlando
    10. Anaheim
    11. Chicago
    12. Myrtle Beach
  117. Punch Line Comedy Club
    1. Sacramento
    2. San Francisco
  118. Milano Mediolanum Forum (predominantly booking)

References

  1. 1 2 3 "Ticketmaster and Live Nation Welcome Competition Commission Ruling on Merger" (PDF) (Press release). Ticketmaster Entertainment. December 22, 2009.
  2. ↑ 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.
  3. ↑ Van Buskirk, Eliot (October 12, 2009). "Live Nation/Ticketmaster Merger Faces Obstacles Here and Abroad". Wired (Condé Nast). Retrieved 2009-10-19.
  4. ↑ Nakashima, Ryan (January 25, 2010). "Live Nation, Ticketmaster merge after approval". Associated Press via The Washington Post. Retrieved January 26, 2010.
  5. ↑ "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.
  6. ↑ Van Buskirk, Eliot (January 25, 2010). "DOJ Approves Modified Ticketmaster, Live Nation Merger". Wired News (Condé Nast). Retrieved January 26, 2010.
  7. ↑ British Regulator Backs Merger of Ticketmaster and Live Nation
  8. ↑ Branch Jr., Alfred (January 19, 2010). "Ticketmaster / Live Nation merger: 25,000 contact DOJ to oppose the deal". TicketNews. Retrieved January 26, 2010.
  9. ↑ Live Nation Entertainment 2012 Annual Report
  10. ↑ Kennedy, Mark (May 20, 2013). "Lease to Broadway's biggest theater sold". Yahoo! News. The Associated Press. Retrieved May 20, 2013.
  11. ↑ Live Nation ends Wembley Arena venue management contract
  12. ↑ Live Nation to Stage Concerts in London’s Queen Elizabeth Olympic Park and Stadium

External links

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