February 5, 2009 |
The two biggest companies in live concerts might be getting together, and the Boss -- and concert fans -- are not happy. Ticketmaster Entertainment Inc., which controls ticketing at major venues across the country, and artist manager Live Nation Worldwide Inc. are in talks to merge, according to a person close to the negotiations.
January 27, 2010 |
One day after the merger of concert industry giants Ticketmaster Entertainment and Live Nation gained regulatory approval, cable mogul John Malone moved to vastly increase his stake in the newly formed colossus. Malone's Liberty Media Corp. made a tender offer Tuesday to acquire 34.5 million shares of Live Nation Entertainment for $12 each. If fully subscribed, Liberty's stake in the company would more than double to 35%. The move strengthens the alignment of Malone and Live Nation Entertainment Chairman Barry Diller, who two years ago battled over plans to split Internet conglomerate IAC/InterActiveCorp into five companies.
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.
CALIFORNIA | LOCAL
April 12, 2007 |
The Hollywood Palladium, the 66-year-old Art Deco palace on Sunset Boulevard that has hosted legends from Frank Sinatra to the Grateful Dead, will get a top-to-bottom renovation by a new operator and reopen next year. Live Nation, the Los Angeles-based live music company, said Wednesday it plans to invest "millions" in a more than yearlong renovation as it enters a 20-year lease on the concert hall. City officials said they were thrilled.
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.
August 7, 2012 |
Lucas Cruikshank and his hyperactive Fred character had millions of YouTube fans and a line of merchandise when Hollywood came calling. Then a manager from the Collective pitched the Nebraska teenager a vision for his squeaky-voiced character that would result, three years later, in a holiday album, three made-for-TV movies, and a series on Nickelodeon. "So many people in the industry didn't know if you could take something on the Internet and cross it over to mainstream TV and movies," said Cruikshank, now 18. "It felt really good to prove them wrong.
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.