Live Nation

Live Nation Entertainment, Inc. operates as a live entertainment company. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists. The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to clients for tickets and event information through its primary websites livenation.com and ticketmaster.com, as well as provides ticket resale services. This segment sells tickets for its events, as well as for third-party clients in various live event categories, such as arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters through websites, mobile apps, and ticket outlets. The Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage, promotional programs, rich media offering that comprise advertising related with live streaming and music-related content; and ads across its distribution network of venues, events, and websites. This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events or programs for specific brands. As of December 31, 2021, it owned, operated, or leased 165 entertainment venues in North America and 94 entertainment venues internationally. The company was formerly known as Live Nation, Inc. and changed its name to Live Nation Entertainment, Inc. in January 2010. Live Nation Entertainment, Inc. was incorporated in 2005 and is headquartered in Beverly Hills, California.

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 , 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 2012, the company announced a partnership with Creativeman Productions, based in Tokyo, Japan.In 2013, the company acquired the 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 , Bonnaroo Music and Arts Festival , and Founders Entertainment , the parent company of the Governors Ball Music Festival.In August 2015, Live Nation announced it would form Live Nation Germany, in partnership with German promoter Marek Lieberberg. Live Nation Germany would also have oversight over Live Nation events in Austria and Switzerland. In February 2016, Live Nation acquired Canada's largest independent concert promoter, Union Events. The following month in March 2016, Live Nation acquired Big Concerts International, South Africa's leading concert promoter.In October 2016, Live Nation Entertainment bought Knoxville-based AC Entertainment. 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, as well as Israeli promoter Blue Stone Entertainment and the UK's Cuffe & Taylor. In 2017, Live Nation Entertainment reported revenue of $10.3 billion.In 2018, the company acquired majority stakes in Frank Productions, Emporium Presents, and Red Mountain Entertainment. In May 2018, Live Nation Entertainment also acquired a majority stake in Brazil's Rock in Rio festival , with its founder Roberto Medina continuing to manage the festival's operations, and providing consulting to Live Nation.In April 2018, the United States Department of Justice launched an investigation following allegations 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.In October 2019, Live Nation acquired a majority stake in David Grutman's Groot Hospitality, which includes several nightclubs and restaurants in the Miami area.In 2020, Live Nation was hit particularly hard by the COVID-19 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. On February 25, 2021, Live Nation released its full-year 2020 financial results, of which the company saw revenues fall by 84%.In April 2020, it was disclosed that the Saudi Arabian Public Investment Fund had recently acquired a 5.7% stake in Live Nation, as of April 28, 2020, the investment was valued at just shy of $500 million. The transaction, performed on the open market, made the PIF Live Nation's third-largest shareholder.In 2021, Live Nation acquired a majority stake in streaming entertainment company Veeps. On April 25, 2022, Live Nation acquired the Filipino promoter Music Management International to create its local branch.

Named one of the Top 100 InDemand Employers in North America by LinkedIn, Live Nation is the global leader in live entertainment and ticketing, and we offer a world of opportunity. Our Ticketmaster team doesn't just embrace new technology, we develop ground-breaking software and applications to support our world-leading ticketing platform. Our mix of legendary and brand new venues and restaurants, including the House of Blues, offer an array of hospitality careers. And our unparalleled roster of artists are supported by diverse professionals in all facets of finance, marketing and other corporate operations. Generous vacation, healthcare and retirement benefits are just the foundation of supporting our global workforce of more than 10,000. We offer continuing professional development in addition to tuition reimbursement. We also provide paid time off to bond with a new child (plus a bonus to help with expenses); paid time off to care for a sick child and to volunteer for causes that

Full-time employees receive broad spectrum care with health, dental, and vision coverage.