Live Nation (events promoter)

Live Nation is an American events promoter and venue operator based in Beverly Hills, California.

Founded in 1996 by Robert F. X. Sillerman as SFX Entertainment, the company's business was built around consolidating concert promoters into a national entity to counter the oversized influence of ticket behemoth Ticketmaster.

[9] After spinning off from Clear Channel, Live Nation acquired companies in the music industry while selling off other lines of business.

[11] Live Nation also made several international acquisitions between 2006 and 2009, including Gamerco, a concert promoter based in Spain.

[14] In February 2009, Live Nation announced that it had reached an agreement to merge with the ticket broker Ticketmaster in a $2.5 billion, all-stock deal.

[21] In response to the merger, music artist Bruce Springsteen wrote in a post on his website, "the one thing that would make the current ticket situation even worse for the fan than it is now would be Ticketmaster and Live Nation coming up with a single system, thereby returning us to a near monopoly situation in music ticketing.

[36] The company has agreed to match a $500,000 donation by singer Lizzo to Planned Parenthood in response to the Supreme Court decision to overturn Roe vs. Wade.

According to a Houston Chronicle investigative report, Live Nation had been linked to at least 750 injuries and around 200 deaths at its events in seven countries since 2006.

[46] In October 2007, Live Nation reached a 10-year deal with Madonna, under which the company would collaborate on several facets of her career, including touring and merchandising.

It was reported on 18 December 2008 that Live Nation, honoring their financial commitment, bought back the shares at a loss of $19 million.

The deal covered financing of Jay-Z's own entertainment venture, live shows, tours and future recordings.

[60] Live Nation owns and manages several international venues, including the Queen Elizabeth Olympic Park in London, England,[61] and 3Arena in Ireland.

[65] In Ireland, Live Nation entered into a 50/50 joint venture with Gaiety Investments in 2018, called LN-Gaiety.