Live Nation Entertainment, Inc is an American global entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster.
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Live Nation Entertainment, Inc is an American global entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster.
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Live Nation promotes, operates, and manages ticket sales for live entertainment in the United States and internationally.
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Michael Rapino, then-CEO of Live Nation, became the new company's CEO, while Ticketmaster CEO Irving Azoff was named executive chairman.
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Additionally, Live Nation Entertainment was placed under a 10-year court order prohibiting it from retaliating against venues that choose to accept competing ticket contracts.
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In February 2016, Live Nation acquired Canada's largest independent concert promoter, Union Events.
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The following month in March 2016, Live Nation acquired Big Concerts International, South Africa's leading concert promoter.
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In October 2016, Live Nation Entertainment bought Knoxville-based AC Entertainment.
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In May 2018, Live Nation Entertainment acquired a majority stake in Brazil's Rock in Rio festival, with its founder Roberto Medina continuing to manage the festival's operations, and providing consulting to Live Nation.
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Live Nation stated that decisions in selecting venues were not punitive, and were instead based on size and management.
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In 2020, Live Nation was hit particularly hard by the COVID-19 pandemic, with essentially all concerts and sporting events around the world on hold.
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Live Nation has been sued as it has been reluctant to offer full refunds to customers, though it has since amended its refund rules to address those complaints.
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In 2021, Live Nation acquired a majority stake in streaming entertainment company Veeps.
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Live Nation promotes and operates live music events and manages artists under its concerts division Live Nation Concerts.
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Live Nation Entertainment owns and operates venues, including the House of Blues.
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Live Nation has been linked to at least 200 deaths and 750 injuries at its events in seven countries since 2006.
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In November 2021, a crowd crushing incident occurred at Astroworld Festival—a concert event in Houston organized and headlined by rapper Travis Scott and promoted by Live Nation—which resulted in 10 fatalities and nearly 5,000 injuries.
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In May 2022, Representative for New Jersey's 9th congressional district Bill Pascrell stated that he had issued letters to the Federal Trade Commission and US Department of Justice calling for Live Nation to be unwound and broken up, citing its safety record and other factors.
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