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Live Nation Entertainment

March 07, 2023

Live Nation Entertainment is an American global entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster. The company promotes, operates, and manages ticket sales for live entertainment in the United States and internationally. It also owns and operates entertainment venues, and manages the careers of music artists.

Live Nation Entertainment, Inc.
FormerlyLive Nation, Inc.
TypePublic
IndustryEntertainment
FoundedJanuary 25, 2010; 13 years ago (2010-01-25)
Headquarters
Beverly Hills, California
,
U.S.
Area served
Worldwide
Key people
Services
Revenue US$16.68 billion (2022)
US$732 million (2022)
US$296 million (2022)
Total assets US$16.46 billion (2022)
Total equity US$–368 million (2022)
OwnerLiberty Media (30.62%)
Number of employees
12,800 (2022)
Subsidiaries
Websitelivenationentertainment.com
Footnotes / references
[1][2]

The company has faced widespread criticism over its central role in the consolidation of the live events industry, allegations that it proactively engages in anti-competitive practices, poor handling of the ticket sale process for highly popular events, and injuries and deaths that have occurred at many of its events.

History

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.[3][4] Michael Rapino, then-CEO of Live Nation, became the new company's CEO, while Ticketmaster CEO Irving Azoff was named executive chairman.[5]

The merger was approved first in Norway and Turkey in 2009.[6] The United Kingdom's Competition Commission provisionally ruled against the merger,[7] but reversed its decision on December 22, 2009.[6]

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.[8][9] Artist Bruce Springsteen was one vocal opponent of the merger at the time.[10]

On January 25, 2010, the United States Justice Department approved the merger pending certain conditions.[11] Ticketmaster had to sell ownership of its self-ticketing company, Paciolan,[11] and license its software to Anschutz Entertainment Group (AEG), which would allow it to compete "head-to-head" with Ticketmaster for business.[12][13] AEG was given the option after five years to buy the software, replace it with something else, or partner with another ticketing company.[12] 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.[13]

Investments and growth

In 2012, the company announced a partnership with Creativeman Productions, based in Tokyo, Japan.[14]

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.[15][16][17] The company later acquired C3 Presents (2014),[18] Bonnaroo Music and Arts Festival (2015),[19] and Founders Entertainment (2016), the parent company of the Governors Ball Music Festival.[20]

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.[21] In February 2016, Live Nation acquired Canada's largest independent concert promoter, Union Events.[22] The following month in March 2016, Live Nation acquired Big Concerts International, South Africa's leading concert promoter.[23]

In October 2016, Live Nation Entertainment bought Knoxville-based AC Entertainment.[24][25] The company continued to invest in music festivals and promoters in 2017, purchasing a controlling interest in BottleRock Napa Valley Music Festival,[26] Salt Lake City-based concert promoter United Concerts,[27] and CT Touring,[28] as well as Israeli promoter Blue Stone Entertainment and the UK's Cuffe & Taylor.[25] In 2017, Live Nation Entertainment reported revenue of $10.3 billion.[29][30]

In 2018, the company acquired majority stakes in Frank Productions,[31] Emporium Presents,[32] and Red Mountain Entertainment.[33] In May 2018, Live Nation Entertainment also acquired a majority stake in Brazil's Rock in Rio festival (including from previous stakeholder SFX Entertainment, which was involved in a failed attempt at a U.S. version of the event in Las Vegas), with its founder Roberto Medina continuing to manage the festival's operations, and providing consulting to Live Nation.[34]

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.[35] Live Nation stated that decisions in selecting venues were not punitive, and were instead based on size and management.[35]

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.[36]

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%.[37]

In April 2020, it was disclosed that the Saudi Arabian Public Investment Fund (PIF) 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.[38][39]

In 2021, Live Nation acquired a majority stake in streaming entertainment company Veeps.[40] On April 25, 2022, Live Nation acquired the Filipino promoter Music Management International (MMI) to create its local branch.[41]

Operating divisions

Live Nation Entertainment's business segments are concerts, ticketing, and sponsorship and advertising.[29] The company promotes and operates live music events and manages artists under its concerts division Live Nation Concerts.[29] Live Nation Entertainment's artist management arm, called Artist Nation, is included within its concerts division[42][29] and also includes Front Line Management and Roc Nation.[43] Live Nation Entertainment owns and operates venues, including the House of Blues.[44] The company sells tickets to live events through Ticketmaster.[29]

Legal issues

The company has faced various lawsuits alleging ticket price fixing, hidden fees and anti-competitive practices.[45][46][47] Live Nation has been linked to at least 200 deaths and 750 injuries at its events in seven countries since 2006. From 2016 to 2019, they had also been cited for at least ten OSHA violations, fined for several more serious incidents, and sued civilly at least once for a concert incident.[48][49]

Destiny's Child manager Mathew Knowles unsuccessfully sued Live Nation in 2011, asserting that the company had spread false information about his business dealings with Beyoncé.[50]

In June 2013, Live Nation was charged with violating Ontario health and safety laws following a stage collapse at a Radiohead concert that killed one crew member.[51][52] A 2019 inquest returned a verdict of accidental death.[53]

In November 2021, a crowd crushing incident occurred at Astroworld Festival[54]—a concert event in Houston organized and headlined by rapper Travis Scott and promoted by Live Nation—which resulted in 10 fatalities[55][56] and nearly 5,000 injuries.[57] Live Nation, Scott, and other parties involved have been named in over 387 lawsuits related to the incident, which in January 2022 were combined down into a single case.[58][59][60] In December 2021, the United States Congress House Oversight Committee announced a bipartisan investigation into Live Nation's role in the incident.[61][62]

In February 2022, Devante Caldwell (Ralfy the Plug) filed a 'wrongful death' lawsuit against the company, after his brother and rapper, Drakeo the Ruler, was stabbed to death backstage of the Once Upon A Time In LA festival in Los Angeles,CA. Live Nation attempted to get the lawsuit dismissed, however in January 2023 the Los Angeles Superior Court Judge Yolanda Orozc rejected the dismissal.

In May 2022, Representative for New Jersey's 9th congressional district Bill Pascrell stated that he had issued letters to the Federal Trade Commission and U.S. Department of Justice calling for Live Nation to be unwound and broken up, citing its safety record and other factors.[63] These calls were repeated in November 2022 after the Taylor Swift (The Eras Tour) Ticketmaster controversy.[64]

References

  1. ^ "2022 FORM 10-K, LIVE NATION ENTERTAINMENT, INC". U.S. Securities and Exchange Commission. 23 February 2023.
  2. ^ "Live Nation Entertainment, Inc. 2022 Proxy statement". Retrieved 2022-07-02.
  3. ^ Nicholson, Chris V. (22 December 2009). "British Regulator Supports Live Nation-Ticketmaster Merger". The New York Times.
  4. ^ "Live Nation, Ticketmaster merger official". The Hollywood Reporter. 10 February 2009. Retrieved 2019-07-16.
  5. ^ "Live Nation to buy Ticketmaster". Reuters. 2009-02-10. Retrieved 2019-07-16.
  6. ^ a b Kreps, Daniel (2009-12-22). "Live Nation-Ticketmaster Merger Approved in U.K." Rolling Stone. Retrieved 2019-07-16.
  7. ^ Van Buskirk, Eliot (October 12, 2009). "Live Nation/Ticketmaster Merger Faces Obstacles Here and Abroad". Wired. Retrieved 2009-10-19.
  8. ^ Kreps, Daniel (2009-02-04). "Bruce Springsteen "Furious" At Ticketmaster, Rails Against Live Nation Merger". Rolling Stone. Retrieved 2019-07-16.
  9. ^ Branch, Alfred Jr. (January 19, 2010). . TicketNews. Archived from the original on January 22, 2010. Retrieved January 26, 2010.
  10. ^ . Rolling Stone. February 4, 2009. Archived from the original on February 7, 2009. Retrieved 2009-10-19.
  11. ^ a b Chmielewski, Dawn C. and Fritz, Ben and Lewis, Randy (January 26, 2010). . The Los Angeles Times. Archived from the original on January 29, 2010. Retrieved January 26, 2010.{{cite news}}: CS1 maint: multiple names: authors list (link)
  12. ^ a b Van Buskirk, Eliot (January 25, 2010). "DOJ Approves Modified Ticketmaster, Live Nation Merger". Wired News. Retrieved January 26, 2010.
  13. ^ a b Sisario, Ben (2010-01-25). "Justice Dept. Clears Ticketmaster-Live Nation Merger". The New York Times. ISSN 0362-4331. Retrieved 2019-07-16.
  14. ^ "Live Nation Shrinks Loss, Announces Asian Partnership | Los Angeles Business Journal". labusinessjournal.com. 23 February 2012. Retrieved 2019-07-17.
  15. ^ "Electronic Daisy Chain". Spin. Retrieved 2018-08-11.
  16. ^ "Live Nation Teams With Insomniac Events in 'Creative Partnership'". Billboard. Retrieved 2018-08-11.
  17. ^ "Live Nation Acquires Voodoo Music & Arts Experience in New Orleans". Billboard. Retrieved 2018-10-15.
  18. ^ "Live Nation Completes Deal for C3 Presents". Billboard. Retrieved 2017-10-28.
  19. ^ Faughnder, Ryan (28 April 2015). "Live Nation Entertainment buys controlling stake in Bonnaroo festival". Los Angeles Times. Retrieved 2019-07-17.
  20. ^ Sisario, Ben (11 April 2016). "Live Nation Adds Governors Ball to Its Music Festival Lineup". The New York Times. Retrieved 2018-10-15.
  21. ^ "Live Nation Launches German Arm, Appoints Respected Promoter Marek Lieberberg to Lead". Billboard. Retrieved 2018-10-15.
  22. ^ "LLive Nation Canada Acquires Union Events". fyimusicnews. Retrieved 2022-01-11.
  23. ^ "Live Nation acquires leading South Africa concert promoter". BizJournals. Retrieved 2018-10-15.
  24. ^ "Live Nation buys AC Entertainment". The Tennessean. Retrieved 2016-11-16.
  25. ^ a b "Live Nation acquires majority stake in Israel's Bluestone Entertainment – Music Business Worldwide". Music Business Worldwide. 2017-02-07. Retrieved 2017-12-12.
  26. ^ "Live Nation acquires major stake in BottleRock festival". SF Chronicle. Retrieved 2018-08-11.
  27. ^ Fox, Doug. "Live Nation acquires Salt Lake's United Concerts". Daily Herald. Retrieved 2019-07-17.
  28. ^ "Live Nation acquires CT Touring". IQ Magazine. 2017-01-20. Retrieved 2019-07-17.
  29. ^ a b c d e "Live Nation Vertically Integrates to Corner the Live Events Industry". The Motley Fool. 2018-09-13. Retrieved 2019-07-16.
  30. ^ "Live Nation Reports Over $10 Billion in Revenue in 2017 Financial Earnings". Amplify. 2018-02-27. Retrieved 2019-07-17.
  31. ^ "Live Nation Acquires Frank Productions: Exclusive". Billboard. 11 January 2018. Retrieved 2019-07-17.
  32. ^ "Live Nation Acquires Emporium Presents". Billboard. Retrieved 2018-12-12.
  33. ^ Colurso, Mary (2018-06-27). "Live Nation buys Red Mountain Entertainment, Birmingham's largest concert promoter". al.com. Retrieved 2019-07-17.
  34. ^ "Live Nation Acquires Rock in Rio Festival". Billboard. 2 May 2018. Retrieved 2018-12-11.
  35. ^ a b Sisario, Ben; Bowley, Graham (1 April 2018). "Live Nation Rules Music Ticketing, Some Say With Threats". The New York Times. Retrieved 10 June 2019.
  36. ^ "Live Nation Acquires David Grutman's Groot Hospitality". Billboard. Retrieved 2019-10-21.
  37. ^ Staff, Source of the Spring (2021-02-26). "Live Nation Revenues Dropped Nearly 85% in 2020; CEO 'Excited' About Company's Future". Source of the Spring. Retrieved 2021-02-26.
  38. ^ Littleton, Jem Aswad,Cynthia; Aswad, Jem; Littleton, Cynthia (2020-04-27). "Saudi Arabia's Public Investment Fund Acquires $500 Million Stake in Live Nation". Variety. Retrieved 2021-01-13.
  39. ^ Turak, Natasha (2020-04-27). "Saudi Arabia buys $500 million stake in coronavirus-hit Live Nation, stock jumps nearly 10%". CNBC. Retrieved 2021-01-13.
  40. ^ Aswad, Jem (2021-01-19). "Live Nation Acquires Majority Stake in Livestream Platform Veeps". Variety. Retrieved 2022-01-25.
  41. ^ "Live Nation launches in PH with acquisition of Music Management Int'l". ABS-CBN News. 2022-04-25. Retrieved 2022-04-25.
  42. ^ "Live Nation companies now manage over 500 artists worldwide". Music Business Worldwide. 2017-02-27. Retrieved 2019-07-16.
  43. ^ "Jay Z, Live Nation Enter Into New Long Term Deal, Continue Roc Nation Partnership: Exclusive". Billboard. 21 April 2017. Retrieved 2019-07-17.
  44. ^ Leeds, Jeff (2006-07-06). "Big Promoter of Concerts to Acquire House of Blues". The New York Times. ISSN 0362-4331. Retrieved 2019-07-17.
  45. ^ "NJ man sues concert promoter over ticket pricing". Chicago Defender. July 8, 2009.
  46. ^ Smith, Van (February 20, 2015). "I.M.P. loses long-fought antitrust suit against Live Nation". Baltimore Sun.
  47. ^ Nuss, Jeanne (March 8, 2012). "Ark. court hears arguments in Ticketmaster case". Yahoo News.
  48. ^ Banks, Gabrielle (November 6, 2021). "Astroworld promoters oversaw other events where concertgoers trampled fellow fans, broke barricades". Houston Chronicle. from the original on November 6, 2021. Retrieved December 8, 2021.
  49. ^ Jenkins, Craig (November 10, 2021). "There Won't Be Easy Answers for This". Vulture. New York Media. from the original on November 11, 2021. Retrieved November 11, 2021.
  50. ^ "Beyoncé fired father Mathew Knowles after Live Nation accused him of theft, he alleges in lawsuit". Los Angeles Times. July 12, 2011.
  51. ^ "'I feel so let down by Canada': Radiohead and drum tech's parents demand answers in his Toronto death". CBC News. Retrieved 2017-11-30.
  52. ^ "Live Nation, engineer charged in Radiohead stage collapse". CBC News. 7 June 2013. Retrieved 8 June 2013.
  53. ^ "Radiohead stage death inquest ends". 2019-04-11. Retrieved 2019-07-17.
  54. ^ "Lawsuit filed against Travis Scott, Live Nation and others following Astroworld Festival tragedy". CNN. November 8, 2021.
  55. ^ Chris Willman (November 14, 2021). "9-Year-Old Boy Dies From Astroworld Injuries, Pushing Death Toll to 10". Variety. from the original on November 15, 2021. Retrieved November 15, 2021.
  56. ^ Villarreal, Alexandra (November 6, 2021). "Astroworld festival concert crush leaves at least eight dead". The Guardian. from the original on November 6, 2021. Retrieved November 6, 2021.
  57. ^ "Nearly 5,000 people injured in Astroworld tragedy, new filing says". NME. 2022-05-11. Retrieved 2022-05-15.
  58. ^ González, David (March 1, 2022). "Judge separates Astroworld Festival lawsuit plaintiffs into four categories". KHOU. Retrieved March 1, 2022.
  59. ^ Donahue, Bill (January 31, 2022). "Hundreds Of Astroworld Lawsuits Formally Combined Into Single Giant Case". Billboard. Retrieved February 4, 2022.{{cite magazine}}: CS1 maint: url-status (link)
  60. ^ Shay, Miya (February 22, 2022). "Cone of silence: Gag order issued for Astroworld civil cases". KTRK-TV. Retrieved February 23, 2022.{{cite news}}: CS1 maint: url-status (link)
  61. ^ Watts, Amanda; LeBlanc, Paul (December 23, 2021). "Congressional panel will investigate Live Nation's role in Astroworld tragedy". CNN Politics. Retrieved December 31, 2021.
  62. ^ Brown, August (December 22, 2021). "Congress launches probe into Live Nation's deadly Astroworld festival". Los Angeles Times. Retrieved December 31, 2021.
  63. ^ Haring, Bruce (2022-05-08). "Live Nation Should Be Broken Up, Says New Jersey Congressman, Citing Safety Record". Deadline. Retrieved 2022-05-15.
  64. ^ Clark, Travis (November 15, 2022). "Ticketmaster was 'experiencing technical difficulties and outage reports surged as presale started for Taylor Swift's Eras tour". Business Insider. Retrieved November 15, 2022.

External links

  • Official website  
  • Business data for Live Nation Entertainment:
    • Bloomberg
    • Google
    • Reuters
    • SEC filings
    • Yahoo!

March 07, 2023
live, nation, entertainment, american, global, entertainment, company, that, founded, 2010, following, merger, live, nation, ticketmaster, company, promotes, operates, manages, ticket, sales, live, entertainment, united, states, internationally, also, owns, op. Live Nation Entertainment is an American global entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster The company promotes operates and manages ticket sales for live entertainment in the United States and internationally It also owns and operates entertainment venues and manages the careers of music artists Live Nation Entertainment Inc FormerlyLive Nation Inc TypePublicTraded asNYSE LYVS amp P 500 componentIndustryEntertainmentFoundedJanuary 25 2010 13 years ago 2010 01 25 HeadquartersBeverly Hills California U S Area servedWorldwideKey peopleMichael Rapino CEO amp President Greg Maffei Chairman ServicesTicket sales Ticket resale Ticket exchange Concert production Marketing Advertising Artist managementRevenueUS 16 68 billion 2022 Operating incomeUS 732 million 2022 Net incomeUS 296 million 2022 Total assetsUS 16 46 billion 2022 Total equityUS 368 million 2022 OwnerLiberty Media 30 62 Number of employees12 800 2022 SubsidiariesRoc NationTicketmasterLive Nation ConcertsFront Line Management GroupLive Nation NetworkC3 PresentsAC EntertainmentLive Nation MerchandiseWebsitelivenationentertainment wbr comFootnotes references 1 2 The company has faced widespread criticism over its central role in the consolidation of the live events industry allegations that it proactively engages in anti competitive practices poor handling of the ticket sale process for highly popular events and injuries and deaths that have occurred at many of its events Contents 1 History 1 1 Investments and growth 2 Operating divisions 3 Legal issues 4 References 5 External linksHistory EditIn 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 3 4 Michael Rapino then CEO of Live Nation became the new company s CEO while Ticketmaster CEO Irving Azoff was named executive chairman 5 The merger was approved first in Norway and Turkey in 2009 6 The United Kingdom s Competition Commission provisionally ruled against the merger 7 but reversed its decision on December 22 2009 6 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 8 9 Artist Bruce Springsteen was one vocal opponent of the merger at the time 10 On January 25 2010 the United States Justice Department approved the merger pending certain conditions 11 Ticketmaster had to sell ownership of its self ticketing company Paciolan 11 and license its software to Anschutz Entertainment Group AEG which would allow it to compete head to head with Ticketmaster for business 12 13 AEG was given the option after five years to buy the software replace it with something else or partner with another ticketing company 12 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 13 Investments and growth Edit In 2012 the company announced a partnership with Creativeman Productions based in Tokyo Japan 14 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 15 16 17 The company later acquired C3 Presents 2014 18 Bonnaroo Music and Arts Festival 2015 19 and Founders Entertainment 2016 the parent company of the Governors Ball Music Festival 20 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 21 In February 2016 Live Nation acquired Canada s largest independent concert promoter Union Events 22 The following month in March 2016 Live Nation acquired Big Concerts International South Africa s leading concert promoter 23 In October 2016 Live Nation Entertainment bought Knoxville based AC Entertainment 24 25 The company continued to invest in music festivals and promoters in 2017 purchasing a controlling interest in BottleRock Napa Valley Music Festival 26 Salt Lake City based concert promoter United Concerts 27 and CT Touring 28 as well as Israeli promoter Blue Stone Entertainment and the UK s Cuffe amp Taylor 25 In 2017 Live Nation Entertainment reported revenue of 10 3 billion 29 30 In 2018 the company acquired majority stakes in Frank Productions 31 Emporium Presents 32 and Red Mountain Entertainment 33 In May 2018 Live Nation Entertainment also acquired a majority stake in Brazil s Rock in Rio festival including from previous stakeholder SFX Entertainment which was involved in a failed attempt at a U S version of the event in Las Vegas with its founder Roberto Medina continuing to manage the festival s operations and providing consulting to Live Nation 34 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 35 Live Nation stated that decisions in selecting venues were not punitive and were instead based on size and management 35 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 36 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 37 In April 2020 it was disclosed that the Saudi Arabian Public Investment Fund PIF 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 38 39 In 2021 Live Nation acquired a majority stake in streaming entertainment company Veeps 40 On April 25 2022 Live Nation acquired the Filipino promoter Music Management International MMI to create its local branch 41 Operating divisions EditLive Nation Entertainment s business segments are concerts ticketing and sponsorship and advertising 29 The company promotes and operates live music events and manages artists under its concerts division Live Nation Concerts 29 Live Nation Entertainment s artist management arm called Artist Nation is included within its concerts division 42 29 and also includes Front Line Management and Roc Nation 43 Live Nation Entertainment owns and operates venues including the House of Blues 44 The company sells tickets to live events through Ticketmaster 29 Legal issues EditThe company has faced various lawsuits alleging ticket price fixing hidden fees and anti competitive practices 45 46 47 Live Nation has been linked to at least 200 deaths and 750 injuries at its events in seven countries since 2006 From 2016 to 2019 they had also been cited for at least ten OSHA violations fined for several more serious incidents and sued civilly at least once for a concert incident 48 49 Destiny s Child manager Mathew Knowles unsuccessfully sued Live Nation in 2011 asserting that the company had spread false information about his business dealings with Beyonce 50 In June 2013 Live Nation was charged with violating Ontario health and safety laws following a stage collapse at a Radiohead concert that killed one crew member 51 52 A 2019 inquest returned a verdict of accidental death 53 In November 2021 a crowd crushing incident occurred at Astroworld Festival 54 a concert event in Houston organized and headlined by rapper Travis Scott and promoted by Live Nation which resulted in 10 fatalities 55 56 and nearly 5 000 injuries 57 Live Nation Scott and other parties involved have been named in over 387 lawsuits related to the incident which in January 2022 were combined down into a single case 58 59 60 In December 2021 the United States Congress House Oversight Committee announced a bipartisan investigation into Live Nation s role in the incident 61 62 In February 2022 Devante Caldwell Ralfy the Plug filed a wrongful death lawsuit against the company after his brother and rapper Drakeo the Ruler was stabbed to death backstage of the Once Upon A Time In LA festival in Los Angeles CA Live Nation attempted to get the lawsuit dismissed however in January 2023 the Los Angeles Superior Court Judge Yolanda Orozc rejected the dismissal In May 2022 Representative for New Jersey s 9th congressional district Bill Pascrell stated that he had issued letters to the Federal Trade Commission and U S Department of Justice calling for Live Nation to be unwound and broken up citing its safety record and other factors 63 These calls were repeated in November 2022 after the Taylor Swift The Eras Tour Ticketmaster controversy 64 References Edit 2022 FORM 10 K LIVE NATION ENTERTAINMENT INC U S Securities and Exchange Commission 23 February 2023 Live Nation Entertainment Inc 2022 Proxy statement Retrieved 2022 07 02 Nicholson Chris V 22 December 2009 British Regulator Supports Live Nation Ticketmaster Merger The New York Times Live Nation Ticketmaster merger official The Hollywood Reporter 10 February 2009 Retrieved 2019 07 16 Live Nation to buy Ticketmaster Reuters 2009 02 10 Retrieved 2019 07 16 a b Kreps Daniel 2009 12 22 Live Nation Ticketmaster Merger Approved in U K Rolling Stone Retrieved 2019 07 16 Van Buskirk Eliot October 12 2009 Live Nation Ticketmaster Merger Faces Obstacles Here and Abroad Wired Retrieved 2009 10 19 Kreps Daniel 2009 02 04 Bruce Springsteen Furious At Ticketmaster Rails Against Live Nation Merger Rolling Stone Retrieved 2019 07 16 Branch Alfred Jr January 19 2010 Ticketmaster Live Nation merger 25 000 contact DOJ to oppose the deal TicketNews Archived from the original on January 22 2010 Retrieved January 26 2010 Bruce Springsteen Furious At Ticketmaster Rails Against Live Nation Merger Rolling Stone February 4 2009 Archived from the original on February 7 2009 Retrieved 2009 10 19 a b 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 Archived from the original on January 29 2010 Retrieved January 26 2010 a href Template Cite news html title Template Cite news cite news a CS1 maint multiple names authors list link a b Van Buskirk Eliot January 25 2010 DOJ Approves Modified Ticketmaster Live Nation Merger Wired News Retrieved January 26 2010 a b Sisario Ben 2010 01 25 Justice Dept Clears Ticketmaster Live Nation Merger The New York Times ISSN 0362 4331 Retrieved 2019 07 16 Live Nation Shrinks Loss Announces Asian Partnership Los Angeles Business Journal labusinessjournal com 23 February 2012 Retrieved 2019 07 17 Electronic Daisy Chain Spin Retrieved 2018 08 11 Live Nation Teams With Insomniac Events in Creative Partnership Billboard Retrieved 2018 08 11 Live Nation Acquires Voodoo Music amp Arts Experience in New Orleans Billboard Retrieved 2018 10 15 Live Nation Completes Deal for C3 Presents Billboard Retrieved 2017 10 28 Faughnder Ryan 28 April 2015 Live Nation Entertainment buys controlling stake in Bonnaroo festival Los Angeles Times Retrieved 2019 07 17 Sisario Ben 11 April 2016 Live Nation Adds Governors Ball to Its Music Festival Lineup The New York Times Retrieved 2018 10 15 Live Nation Launches German Arm Appoints Respected Promoter Marek Lieberberg to Lead Billboard Retrieved 2018 10 15 LLive Nation Canada Acquires Union Events fyimusicnews Retrieved 2022 01 11 Live Nation acquires leading South Africa concert promoter BizJournals Retrieved 2018 10 15 Live Nation buys AC Entertainment The Tennessean Retrieved 2016 11 16 a b Live Nation acquires majority stake in Israel s Bluestone Entertainment Music Business Worldwide Music Business Worldwide 2017 02 07 Retrieved 2017 12 12 Live Nation acquires major stake in BottleRock festival SF Chronicle Retrieved 2018 08 11 Fox Doug Live Nation acquires Salt Lake s United Concerts Daily Herald Retrieved 2019 07 17 Live Nation acquires CT Touring IQ Magazine 2017 01 20 Retrieved 2019 07 17 a b c d e Live Nation Vertically Integrates to Corner the Live Events Industry The Motley Fool 2018 09 13 Retrieved 2019 07 16 Live Nation Reports Over 10 Billion in Revenue in 2017 Financial Earnings Amplify 2018 02 27 Retrieved 2019 07 17 Live Nation Acquires Frank Productions Exclusive Billboard 11 January 2018 Retrieved 2019 07 17 Live Nation Acquires Emporium Presents Billboard Retrieved 2018 12 12 Colurso Mary 2018 06 27 Live Nation buys Red Mountain Entertainment Birmingham s largest concert promoter al com Retrieved 2019 07 17 Live Nation Acquires Rock in Rio Festival Billboard 2 May 2018 Retrieved 2018 12 11 a b Sisario Ben Bowley Graham 1 April 2018 Live Nation Rules Music Ticketing Some Say With Threats The New York Times Retrieved 10 June 2019 Live Nation Acquires David Grutman s Groot Hospitality Billboard Retrieved 2019 10 21 Staff Source of the Spring 2021 02 26 Live Nation Revenues Dropped Nearly 85 in 2020 CEO Excited About Company s Future Source of the Spring Retrieved 2021 02 26 Littleton Jem Aswad Cynthia Aswad Jem Littleton Cynthia 2020 04 27 Saudi Arabia s Public Investment Fund Acquires 500 Million Stake in Live Nation Variety Retrieved 2021 01 13 Turak Natasha 2020 04 27 Saudi Arabia buys 500 million stake in coronavirus hit Live Nation stock jumps nearly 10 CNBC Retrieved 2021 01 13 Aswad Jem 2021 01 19 Live Nation Acquires Majority Stake in Livestream Platform Veeps Variety Retrieved 2022 01 25 Live Nation launches in PH with acquisition of Music Management Int l ABS CBN News 2022 04 25 Retrieved 2022 04 25 Live Nation companies now manage over 500 artists worldwide Music Business Worldwide 2017 02 27 Retrieved 2019 07 16 Jay Z Live Nation Enter Into New Long Term Deal Continue Roc Nation Partnership Exclusive Billboard 21 April 2017 Retrieved 2019 07 17 Leeds Jeff 2006 07 06 Big Promoter of Concerts to Acquire House of Blues The New York Times ISSN 0362 4331 Retrieved 2019 07 17 NJ man sues concert promoter over ticket pricing Chicago Defender July 8 2009 Smith Van February 20 2015 I M P loses long fought antitrust suit against Live Nation Baltimore Sun Nuss Jeanne March 8 2012 Ark court hears arguments in Ticketmaster case Yahoo News Banks Gabrielle November 6 2021 Astroworld promoters oversaw other events where concertgoers trampled fellow fans broke barricades Houston Chronicle Archived from the original on November 6 2021 Retrieved December 8 2021 Jenkins Craig November 10 2021 There Won t Be Easy Answers for This Vulture New York Media Archived from the original on November 11 2021 Retrieved November 11 2021 Beyonce fired father Mathew Knowles after Live Nation accused him of theft he alleges in lawsuit Los Angeles Times July 12 2011 I feel so let down by Canada Radiohead and drum tech s parents demand answers in his Toronto death CBC News Retrieved 2017 11 30 Live Nation engineer charged in Radiohead stage collapse CBC News 7 June 2013 Retrieved 8 June 2013 Radiohead stage death inquest ends 2019 04 11 Retrieved 2019 07 17 Lawsuit filed against Travis Scott Live Nation and others following Astroworld Festival tragedy CNN November 8 2021 Chris Willman November 14 2021 9 Year Old Boy Dies From Astroworld Injuries Pushing Death Toll to 10 Variety Archived from the original on November 15 2021 Retrieved November 15 2021 Villarreal Alexandra November 6 2021 Astroworld festival concert crush leaves at least eight dead The Guardian Archived from the original on November 6 2021 Retrieved November 6 2021 Nearly 5 000 people injured in Astroworld tragedy new filing says NME 2022 05 11 Retrieved 2022 05 15 Gonzalez David March 1 2022 Judge separates Astroworld Festival lawsuit plaintiffs into four categories KHOU Retrieved March 1 2022 Donahue Bill January 31 2022 Hundreds Of Astroworld Lawsuits Formally Combined Into Single Giant Case Billboard Retrieved February 4 2022 a href Template Cite magazine html title Template Cite magazine cite magazine a CS1 maint url status link Shay Miya February 22 2022 Cone of silence Gag order issued for Astroworld civil cases KTRK TV Retrieved February 23 2022 a href Template Cite news html title Template Cite news cite news a CS1 maint url status link Watts Amanda LeBlanc Paul December 23 2021 Congressional panel will investigate Live Nation s role in Astroworld tragedy CNN Politics Retrieved December 31 2021 Brown August December 22 2021 Congress launches probe into Live Nation s deadly Astroworld festival Los Angeles Times Retrieved December 31 2021 Haring Bruce 2022 05 08 Live Nation Should Be Broken Up Says New Jersey Congressman Citing Safety Record Deadline Retrieved 2022 05 15 Clark Travis November 15 2022 Ticketmaster was experiencing technical difficulties and outage reports surged as presale started for Taylor Swift s Eras tour Business Insider Retrieved November 15 2022 External links EditOfficial website Business data for Live Nation Entertainment BloombergGoogleReutersSEC filingsYahoo Retrieved from https en wikipedia org w index php title Live Nation Entertainment amp oldid 1141287357, wikipedia, wiki, book, books, library,

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