October 17, 2007 |
Pop star Madonna has dropped her long-term music label Warner Bros. and signed a multi-album, touring and merchandising global partnership with Live Nation Inc., the concert touring company said Tuesday. Los Angeles-based Live Nation said the deal would include making Madonna a shareholder of the company, though financial terms were not released in the statement.
August 22, 2008 |
Concert company Live Nation Inc. said it had agreed to an exclusive five-year deal with entertainment firms CIE and Time for Fun to extend its reach into Latin America. Terms were not disclosed.
February 5, 2008 |
Concert promoter Live Nation Inc. named Michael Cohl chairman, replacing Randall Mays. The promotion of Cohl, who was previously vice chairman, was effective immediately, the Beverly Hills-based company said. Mays is president of radio broadcaster Clear Channel Communications Inc., which spun off Live Nation as a public company in 2005.
September 20, 2008 |
Live Nation Inc., the Beverly Hills-based concert promoter, named Jason Garner to the newly created role of chief executive of global music. Garner, who previously oversaw the North American region, will report directly to CEO Michael Rapino, the company said.
May 6, 2009 |
Concert promoter Live Nation Inc. is selling three Boston venues for $22.5 million to pay down some of its debt. The Los Angeles company said it would sell the Boston Opera House, the Orpheum Theatre and the Paradise Rock Club by the third quarter. A Live Nation spokesman said the buyer was Boston Opera House Ventures. Live Nation will continue to promote concerts at the venues.
May 2, 2008 |
Live Nation Inc. signed a 10-year agreement with rapper Jay-Z that includes live shows, recordings and millions of dollars that the performer can invest in new businesses. Jay-Z, whose given name is Shawn Carter, received options to buy 500,000 shares of Live Nation stock at $13.73 each, the Beverly Hills concert promoter disclosed in a regulatory filing. Additional financial terms are not being released, the company said.
September 12, 2008 |
When Live Nation Inc. leaves Ticketmaster next year to launch its own ticketing service, it won't go alone. The concert promoter -- which was once Ticketmaster's largest client -- signed a multiyear agreement with Philadelphia-based SMG, a facilities operator that runs 216 venues including 75 arenas and nine stadiums. Live Nation says it expects to sell 25 million tickets to SMG venues over the course of the deal, beginning in late 2009, which analysts estimate could account for about $50 million in revenues for the Beverly Hills-based concert promoter.