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Live Nation Entertainment history
Live Nation Entertainment company history timeline
Revenues were more or less flat at $2.9 billion in 2005; the global music business accounted for 79 percent of the total.
In the last half of 2005, the company cut 300 jobs and scaled back its network of regional offices.
2005 The company is spun off as Live Nation, Inc. on the New York Stock Exchange.
CEO Michael Rapino was also reexamining ticket sales, which were mostly handled by Ticketmaster, whose exclusive arrangement was up for renewal in 2008.
The portfolio includes LIV nightclub located inside the historic Fontainebleau Hotel, which opened in 2008 as host to the annual Victoria's Secret Fashion Show in 2008.
In 2009, Live Nation and Ticketmaster, a concert promotion firm and ticketing company, reached an agreement to merge.
The merger was approved first in Norway and Turkey in 2009.
On January 25, 2010, the United States Justice Department approved the merger pending certain conditions.
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.
In October 2016, Live Nation Entertainment bought AC Entertainment, a Knoxville Tennessee music company, as well as several international companies.
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.
In 2017, Live Nation Entertainment reported revenue of $10.3 billion.
In 2018, the company expanded its concert promotion segment by acquiring a majority stake in a number of companies including Frank Productions, Emporium Presents, and Red Mountain Entertainment.
Also in 2018, the United States Department of Justice launched an investigation following complaints by AEG that Live Nation pressured them into using Ticketmaster and intentionally avoided booking acts for AEG venues.
The government of Saudi Arabia's sovereign wealth fund has acquired a 5.7 percent stake in Live Nation, the parent company of Ticketmaster, based on Live Nation's share prices as of 28 April 2020, the investment is valued at just shy of $500 million.
In 2020, Live Nation was hit particularly hard by the novel coronavirus pandemic, with essentially all concerts and sporting events around the world on hold.
In 2021, Live Nation acquired a majority stake in livestreaming entertainment company Veeps, whose founding team includes Benji and Joel Madden of Good Charlotte.
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Zippia gives an in-depth look into the details of Live Nation Entertainment, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Live Nation Entertainment. The employee data is based on information from people who have self-reported their past or current employments at Live Nation Entertainment. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Live Nation Entertainment. The data presented on this page does not represent the view of Live Nation Entertainment and its employees or that of Zippia.
Live Nation Entertainment may also be known as or be related to Live Nation Entertainment, Live Nation Entertainment Inc, Live Nation Entertainment, Inc. and Live Nation Worldwide, Inc.