Live Nation (events promoter)
 |
|
| Subsidiary | |
| Industry | Entertainment |
| Founded | 2005 |
| Headquarters | Beverly Hills, California |
|
Area served
|
Worldwide |
| Products |
Concerts Promoter Live Events Promoter |
| Revenue |
 US$ 4.184 billion (2007) |
|
US$ 82.14 million (2007) |
|
|
US$ -11.94 million (2007) |
|
| Total assets |
US$ 2.752 billion (2007) |
| Total equity |
US$ 907 million (2007) |
|
Number of employees
|
Full-time: 4,700 Part-time: 15,900 |
| Parent |
Live Nation Entertainment (2010–present) |
| Website | LiveNation.com |
Live Nation is an American live-events company based in Beverly Hills, California, focused on worldwide concert and entertainment-show promotions. Live Nation formed in 2005 as a spin-off from Clear Channel Communications, which then merged with Ticketmaster in 2010 to become Live Nation Entertainment.
Live Nation "signs" artists as a "record label", but predominantly takes the role of a promoter, rather than "music owner". The deal with U2 and Madonna, for example, does not include funding of the artists' future recordings. The 2007 deal signed with Jay-Z does, but he still retains full-ownership of his recordings and Live Nation funded Roc Nation. Live Nation signed Colombian singer Shakira, Canadian band Nickelback and Mexican singer Luis Miguel.
A prior incarnation of Live Nation, known as SFX Entertainment, was formed in the 1990s by media executive Robert F. X. Sillerman. Its business model involved the acquisition of regional concert promoters, consolidating them into a single national company. Sillerman sold SFX to Clear Channel Communications in 2000 for $4.4 billion; the Clear Channel Entertainment division was spun off in 2005 to form Live Nation.
Annually, Live Nation promotes or produces over 22,000 events, including music concerts, with total attendance exceeding 50 million—more than the NBA, NFL, and NHL combined. As of September 30, 2005, Live Nation owned or operated 117 venues, consisting of 75 US and 42 international venues. These venues include 39 amphitheatres, 58 theatres, 14 clubs, 4 arenas and 2 festival sites. In addition, through equity, booking or similar arrangements Live Nation has the right to book events at 33 additional venues.
...
Wikipedia