February 14, 2009 |
Live Nation Inc.'s largest shareholder may oppose the proposed merger with Ticketmaster Entertainment Inc. if Barry Diller has a leadership role in the new company. "I'm very much against going into business with Mr. Diller" because of poor returns from companies he leads, said Sam Shapiro, chairman of Shapiro Capital Management. The investment firm owns a 15% stake in Live Nation, according to Bloomberg data.
October 18, 2008 |
Call it stock, options and rock 'n' roll. The rock band U2 now owns a chunk of concert promoter Live Nation Inc. U2 will receive 1.56 million shares worth about $18.5 million, or about 2.1% of Live Nation's shares outstanding, according to filings made with the Securities and Exchange Commission.
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.
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.
September 26, 2006 |
The nation's largest concert firm and the industry's ticketing powerhouse may be headed for a behind-the-curtain tussle. At issue: control over the spiraling cost of show admissions that are turning off many music fans. On one side is Live Nation Inc. Chief Executive Michael Rapino, who has vowed to drive down prices that last year soared to an average of $57 per ticket for the most popular shows.
February 27, 2009 |
Ticketmaster's chief executive sought to allay antitrust fears Thursday over the ticket seller's planned merger with concert promoter Live Nation by revealing that a major venue operator has threatened to cancel its contract if the merger goes through. The revelation, made before a House subcommittee examining the deal for antitrust concerns, was meant to suggest that the merger might weaken Ticketmaster Entertainment Inc.'s grip on ticket contracts with a majority of top U.S. venues.
July 3, 2008 |
Shakira is joining Madonna, Jay-Z and U2 in forgoing traditional record industry alliances to sign a multimillion-dollar long-term contract with promotion giant Live Nation. The 10-year contract gives Live Nation the right to handle her concerts, recordings, merchandising and other aspects of her career, according to a statement issued by her publicist. It did not specify when the contract would take effect or the dollar value, but it was estimated to be worth $70 million to $100 million by various music industry sources.
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.