Live Nation Entertainment
American entertainment company / From Wikipedia, the free encyclopedia
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Live Nation Entertainment, Inc. is an American multinational entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster. It promotes, operates and manages ticket sales for live entertainment internationally. It also owns and operates entertainment venues and manages the careers of music artists.
 | |
| Formerly | Live Nation, Inc. |
|---|---|
| Company type | Public |
| Industry | Entertainment |
| Founded | January 25, 2010; 14 years ago (2010-01-25) |
| Headquarters | , United States |
Area served | Worldwide |
Key people | |
| Products | Ticketing technology |
| Services | |
| Revenue |  US$22.7 billion (2023) |
| US$1.07 billion (2023) | |
| US$734 million (2023) | |
| Total assets | US$19.1 billion (2023) |
| Total equity |  US$–17 million (2023) |
| Owner | Liberty Media (30.62%) |
Number of employees | 14,700 (2023) |
| Subsidiaries |
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| Website | livenationentertainment |
| Footnotes / references [1][2] | |
The company has faced widespread criticism over its central role in the consolidation of the live events industry, allegations that it proactively engages in anti-competitive practices, poor handling of the ticket sale process for highly popular events, and injuries and deaths that have occurred at many of its events.
As of early 2023, Live Nation's annual shareholders report says the company has controlling interests in 338 venues globally and believes itself to be "the largest live entertainment company in the world," "the largest producer of live music concerts in the world," "the world’s leading live entertainment ticketing sales and marketing company," and "one of" the world's biggest artist management companies and music advertising networks for corporate brands.[3]
In May 2024, the Justice Department and a coalition of states sued to break up Live Nation over antitrust violations.[4]