Live Nation Entertainment

from Wikipedia, the free encyclopedia
Live Nation Entertainment Inc.
legal form Inc.
ISIN US5380341090
founding 2005
Seat Beverly Hills , California , United StatesUnited StatesUnited States 
management Greg Maffei (Chairman)
Branch media
Website www.livenationentertainment.com (group)
www.livenation.com (worldwide)
www.livenation.de (German)

Live Nation Entertainment is an American media company based in Beverly Hills , California . The company, which was spun off from the US group Clear Channel Communications under the name CCE Spinco and renamed Live Nation in 2005, specializes in live events and public relations.

In 2010 Live Nation merged with Ticketmaster Entertainment to form Live Nation Entertainment . The combined company will be led by Greg Maffei (CEO of Liberty Media ) as Chairman and Canadian Michael Rapino (previously CEO of Live Nation) as President and CEO.

history

In its founding year, 28,500 events with over 61 million viewers were advertised or produced - including concerts, theater performances and sporting events. Live Nation operates 117 venues (75 US; 42 overseas). This includes 39 open-air theaters, 58 theaters, 14 clubs and 4 multi-purpose halls . In addition, Live Nation has the right to book events at 33 other locations.

In the fall of 2007, the pop singer Madonna announced that she was leaving her record company Warner Music and switching to Live Nation. She became the first artist to make a release in the Live Nation Artists division and received an estimated $ 120 million for her 10-year contract. The US rapper Jay-Z has also switched to Live Nation on similar terms.

In 2008 Live Nation signed a 12-year contract with U2 , which includes the exclusive live and merchandising rights for this period. In November 2013 Live Nation took over the management companies Principle Management from U2's longtime manager and "fifth band member" Paul McGuinness and Maverick from Madonna's manager Guy Oseary for an allegedly total of 30 million US dollars . At the same time, McGuinness retired to the post of chairman of Principle and officially handed the management of U2 over to Live Nation and Oseary after 34 years , who coordinated the recordings of Songs of Innocence , the band's 2014 album, even before the takeovers .

In the wake of the rampant global COVID-19 pandemic , Live Nation's sales in the second quarter of 2020 plummeted 98 percent compared to the same period last year.

Holdings

Live Nation has held a majority stake in Academy Music Group , the UK's leading owner and operator of concert halls , since 2007 .

In July 2017 Live Nation took over the majority stake in the organizer of Openair Frauenfeld , the largest urban music festival in continental Europe.

Web links

Individual evidence

  1. ↑ CCE Spinco will be called Live Nation in the future. In: MusikWoche . December 15, 2005, accessed August 11, 2017 .
  2. ↑ Ticketmaster and Live Nation: US concert greats are allowed to merge. In: Handelsblatt . January 25, 2010. Retrieved August 11, 2017 .
  3. ↑ Live Nation: Greg Maffei is the new Chairman. (No longer available online.) In: musikmarkt.de. March 15, 2013, archived from the original on April 25, 2014 ; accessed on August 11, 2017 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.musikmarkt.de
  4. ↑ Live Nation: Michael Rapino remains CEO until 2017. (No longer available online.) In: musikmarkt.de. January 3, 2013, archived from the original on August 17, 2014 ; accessed on August 11, 2017 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.musikmarkt.de
  5. ↑ Live Nation going it alone does not yet have a positive effect on the balance sheet. In: MusikWoche . February 22, 2006, accessed August 11, 2017 .
  6. ↑ The $ 120 million deal. In: Manager Magazin . October 11, 2007, accessed August 11, 2017 .
  7. ↑ Rapper Jay-Z plans 360-degree deal with Live Nation. (No longer available online.) In: Musikmarkt . April 3, 2008, formerly in the original ; accessed on August 11, 2017 .  ( Page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Toter Link / www.musikmarkt.de  
  8. ↑ Ben Sisario: Live Nation Nears a Deal for Managers of Music Acts . In: The New York Times , November 12, 2013, accessed September 20, 2014.
  9. ^ U2's manager Paul McGuinness 'set to step down after 34 years' . In: BBC News , November 13, 2013, accessed September 20, 2014.
  10. ↑ Andrew Hampp: Inside Guy Oseary and Paul McGuinness' $ 30M Live Nation Deal: New Roles, More Leverage and Music From U2 . In: billboard.biz , November 13, 2013, accessed September 20, 2014.
  11. ↑ Jill Goldsmith: Live Nation Revenue Wiped Out By COVID; CEO Michael Rapino Sees Live Events In Full Swing Next Summer. Deadline.com, August 5, 2020, accessed August 6, 2020 .
  12. ^ Live Nation acquires significant stake in academy music group. Reuters , March 30, 2007, accessed August 11, 2017 .
  13. ↑ Live Nation takes over Openair Frauenfeld. In: Neue Zürcher Zeitung . July 9, 2017. Retrieved August 11, 2017 .