April 1, 2008 |
Live Nation Inc. said Monday that it had reached an agreement for a 12-year global contract to handle the merchandising, digital and branding rights as well as the touring of Irish rock band U2. The Beverly Hills company has been expanding its business model to develop more far-reaching and deeper relationships with artists beyond just handling their touring.
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 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.
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.
February 5, 2013 |
In its bid to create a ticketing system that can eventually compete head-to-head with Ticketmaster, Los Angeles entertainment giant AEG is putting forth a bold argument: The long-standing concept of the morning on-sale needs to die. "It's 2013, a 24-7 fully-distributed on-demand world, and we still have this process that's a legacy of how we used to sell tickets 30 years ago, when you stood in line outside of Tower Records," said Bryan Perez,...
May 11, 2011 |
Hoping to boost concert attendance in a hobbled economy, Ticketmaster parent Live Nation Entertainment Inc., is joining with the popular online deals site Groupon to launch a discount ticket site for live events. Dubbed GrouponLive, the service, expected to launch in June, is aimed at easing both the perennial problem of filling empty seats at concerts and sporting events, including last year's big drop in attendance that prompted numerous cancellations and left promoters with a hefty number of unsold tickets toward the end of summer.