Live Nation Entertainment, Inc. is an American multinational entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster. It continues to operate both brands as subsidiary companies, promoting and managing ticket sales for live entertainment internationally. It also owns and operates entertainment venues and festivals and manages the careers of music artists.
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.
As of early 2023, Live Nation's annual shareholders report says the company has controlling interests in 338 venues globally and believes itself to be "the largest live entertainment company in the world," "the largest producer of live music concerts in the world," "the world's leading live entertainment ticketing sales and marketing company," and "one of" the world's biggest artist management companies and music advertising networks for corporate brands.[4]
In May 2024, the Justice Department under the Joe Biden administration and a coalition of states sued Live Nation over antitrust violations,[5] with the trial commencing on March 2, 2026.[6] A week prior to the trial, President Donald Trump personally intervened to force a settlement between the DOJ and Live Nation.[7][8] However, Live Nation would go on to lose the trial in April 2026.[9]
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.[10][11] Michael Rapino, then CEO of Live Nation, became the new company's CEO, while Ticketmaster CEO Irving Azoff was named executive chairman.[12]
The merger was approved first in Norway and Turkey in 2009.[13] The United Kingdom's Competition Commission provisionally ruled against the merger,[14] but reversed its decision on December 22, 2009.
Investments and growth
In 2010, Live Nation acquired Setlist.fm, a crowdsourced website that publishes lists of songs performed in concerts. The acquisition was first reported in 2012.[21] In 2017, Live Nation Entertainment reported revenue of $10.3 billion.[22][23]
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.[24] Live Nation stated that decisions in selecting venues were not punitive, and were instead based on size and management.[24]
In 2020, Live Nation was hit particularly hard by the
Operating divisions
Live Nation Entertainment's business segments are concerts, ticketing, and sponsorship and advertising.[22] The company promotes and operates live music events and manages artists under its concerts division Live Nation Concerts.[22] Live Nation Entertainment's artist management arm, called Artist Nation, is included within its concerts division[57][22] and also includes Front Line Management and Roc Nation.[58] Live Nation Entertainment owns and operates hundreds of venues globally.[4] The company sells tickets to live events through Ticketmaster
Legal issues
The company has faced various lawsuits alleging ticket price fixing, hidden fees and anti-competitive practices.[59][60][61]
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.[62]
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]
External links
References
- Board of Directors Live Nation Entertainment, retrieved April 16, 2026^
- 2024 Form 10-K, Live Nation Entertainment, Inc. U.S. Securities and Exchange Commission, 21 February 2025^
- Live Nation Entertainment, Inc. 2022 Proxy statement