Latest in Live Nation

Miami-Dade County Florida police today identified the body of a 36-year-old Los Angeles executive for major events corporation Live Nation as the latest victim of the Surfside condominum collapse. Theresa Velasquez came to Miami on June 23 to visit her parents. She arrived the night before the collapse of the…

Endeavor Group Holdings’ CEO Ari Emanuel and president Mark Shapiro have resigned from Live Nation’s board of directors after the Justice Department expressed antitrust concerns. The DOJ suggested that their positions on the board created an “interlocking directorate,” where one person serves as an officer of director…

Have you heard the one about the big comedy festival? Netflix Is a Joke, which was to feature many top stand-up comics performing in Los Angeles in spring 2020 but was postponed then canceled amid the pandemic, has been rescheduled for April 29-May 8. Partnered with Live Nation, the streaming service announced the new…

Live Nation Entertainment CEO Michael Rapino said ticket demand was on an upsurge as vaccines roll out and countries reopen. "Fans are buying tickets and events are selling out faster than ever," he said during a call after first quarter financial results that were still grim. Revenue of $239 million was down 76% from…

A group of prominent House Democrats are calling for Joe Biden’s administration to investigate the 2010 merger of Live Nation and Ticketmaster, arguing that the combination has “strangled competition in live entertainment ticketing and harmed consumers and must be revisited.” The letter comes amid expectations that…

The concert industry clearly wants to get back to work, as a flurry of announcements on Friday proved. But what those announcements also proved is that getting back to work will require a leap of faith by all involved, most prominently, the government. Live Nation CEO Michael Rapino, speaking during an earnings call…

Live Nation said it expects live events will be back and big next summer judging by the 86% of fans that kept their tickets for rescheduled shows. Between those tickets held for rescheduled shows and new sales "we have already sold 19 million tickets to more than four thousand concerts and festivals scheduled for…

Let's get this over with. Live Nation, which makes a living on live events, saw revenue plunge 98% last quarter to $74 million and swung to a loss of $588 million from a profit of $176 million the year before. It was the first full COVID-19 quarter and the company was expected to bleed red ink. CEO Michael Rapino can…

Showbiz shares surged in a major market rally that saw the DJIA close up by nearly 1,000 points Monday. ViacomCBS ended the session 11% higher as a Wall Street analyst upgraded the stock to 'buy' and the company's chairman Shari Redstone and CEO Bob Bakish told annual meeting attendees that they consider the stock…

UPDATE, PART II: The plans to stage the first social distancing live music event since the pandemic shutdown were scuttled late on Thursday, as Arkansas officials seized the liquor license of a concert hall where artist Travis McCready would have performed. The show was set to happen on Friday. Promoters described…

Saudi Arabia has taken a 5.7% stake in Live Nation Entertainment, the live event company that’s been hit hard by the coronavirus pandemic. According to an SEC filing Monday, the Public Investment Fund of the Kingdom of Saudi Arabia in Riyahd – the sovereign wealth fund of the kingdom of Saudi Arabia – purchased…

Ticketmaster said it is finalizing plans to refund for as many as 18,000 events that were postponed or canceled by the COVID-19 pandemic. Starting May 1, fans can request a refund for a 30-day period, according to TIcketmaster parent company Live Nation. The affected shows include L.A. area stadium dates by Taylor…