Live Nation Entertainment
Live Nation Entertainment, Inc. is an American multinational entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster. It continues to operate both brands as subsidiary companies, promoting and managing ticket sales for live entertainment internationally. It also owns and operates entertainment venues and manages the careers of music artists.
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.
In May 2024, the Justice Department and a coalition of states sued to break up Live Nation over antitrust violations.
History
In 2009, Live Nation and Ticketmaster, a concert promotion firm and ticketing company, reached an agreement to merge. The new company received regulatory approval and was named Live Nation Entertainment. Michael Rapino, then CEO of Live Nation, became the new company's CEO, while Ticketmaster CEO Irving Azoff was named executive chairman.The merger was approved first in Norway and Turkey in 2009. The United Kingdom's Competition Commission provisionally ruled against the merger, but reversed its decision on December 22, 2009.
The merger was opposed in the U.S. by some regulators, artists, fans, and competing firms, who argued it would reduce competition in the industry and increase ticket costs. Rock musician Bruce Springsteen was a vocal opponent of the merger at the time.
On January 25, 2010, the U.S. Justice Department approved the merger pending certain conditions. Ticketmaster had to sell ownership of its self-ticketing company, Paciolan, and license its software to Anschutz Entertainment Group, which would allow it to compete "head-to-head" with Ticketmaster for business. AEG was given the option after five years to buy the software, replace it with something else, or partner with another ticketing company. 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.
Investments and growth
In 2017, Live Nation Entertainment reported revenue of $10.3 billion.In April 2018, the United States Department of Justice launched an investigation following allegations by AEG that Live Nation pressured them into using Ticketmaster and intentionally avoided booking acts for AEG venues. Live Nation stated that decisions in selecting venues were not punitive, and were instead based on size and management.
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. The company 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. On February 25, 2021, Live Nation released its full-year 2020 financial results, of which the company saw revenues fall by 84%.
Northeastern United States
In 2016, Live Nation acquired Founders Entertainment, the New York City-based parent company of the Governors Ball Music Festival. In 2017, Live Nation announced New York City-based promotion company Mercury East in partnership with Michael Swier, a founder of The Bowery Presents, since acquired by AEG. The deal brought former "indie" clubs Mercury Lounge and Bowery Ballroom under the Live Nation umbrella, along with other Live Nation-owned venues including Irving Plaza, Gramercy Theatre, and the Ford Amphitheater at Coney Island.In 2021, Live Nation announced a joint venture with Duke Concept, a concert promoter specialising in African artists, in which Duke Concept handles production and logistics with Live Nation providing support and a network of venues, for touring Afrobeat artists.
Western United States
In 2013, Live Nation announced a joint venture with Insomniac Events, a promoter focused on electronic dance music. The company continued to invest in music festivals and promoters in 2017, purchasing a controlling interest in BottleRock Napa Valley Music Festival, Salt Lake City-based concert promoter United Concerts, and CT Touring.In 2021, Live Nation acquired a majority stake in streaming entertainment company Veeps.
Southern United States
In 2013, the company acquired the New Orleans Voodoo Music + Arts Experience. Live Nation later acquired C3 Presents in Austin, Texas, Bonnaroo Music and Arts Festival in Tennessee, Knoxville-based AC Entertainment, Red Mountain Entertainment, and Emporium Presents.In October 2019, Live Nation acquired a majority stake in David Grutman's Groot Hospitality, which includes several nightclubs and restaurants in the Miami metropolitan area, including the Fontainebleau Miami Beach hotel's LIV nightclub.
Midwestern United States
In 2018, the company acquired majority stakes in Wisconsin-based Frank Productions.Europe
In August 2015, Live Nation announced it would form Live Nation Germany, in partnership with German promoter Marek Lieberberg. Live Nation Germany would also have oversight over Live Nation events in Austria and Switzerland. In 2017, the company purchased a controlling stake in the United Kingdom-based Cuffe & Taylor. The company expanded into Portugal in 2024, acquiring the MEO Arena in Lisbon. In December 2025, it was announced Live Nation Entertainment was to acquire Royal Arena, a multi-use indoor arena in Copenhagen, Denmark for an undisclosed amount. In January 2026, it was announced that Live Nation had reached an agreement to acquire Paris La Défense Arena from its owner, Ovalto. The transaction, which was subject to approval by the French Competition Authority, would add Europe's largest indoor venue to Live Nation's portfolio.Asia
In 2017, Live Nation purchased a controlling interest in Israeli promoter Blue Stone Entertainment.In April 2020, it was disclosed that Saudi Arabia's Public Investment Fund recently acquired a 5.7% stake in Live Nation, as of April 28, 2020, the investment was valued at just shy of $500 million. The transaction, performed on the open market, made the PIF Live Nation's third-largest shareholder.
On April 25, 2022, Live Nation acquired Philippines-based promoter Music Management International to create its local branch. Filipina businesswoman Rhiza Pascua, who founded MMI in 1996, became managing director of Live Nation Philippines following the acquisition.
Americas
In February 2016, Live Nation acquired Canada's largest independent concert promoter, Union Events.In May 2018, Live Nation Entertainment also acquired a majority stake in Brazil's Rock in Rio festival, including from previous stakeholder SFX Entertainment, which was involved in a failed attempt at a U.S. version of the event in Las Vegas, with its founder Roberto Medina continuing to manage the festival's operations, and providing consulting to Live Nation.
Africa
In March 2016, Live Nation acquired Big Concerts International, South Africa's leading concert promoter.Operating divisions
Live Nation Entertainment's business segments are concerts, ticketing, and sponsorship and advertising. The company promotes and operates live music events and manages artists under its concerts division Live Nation Concerts. Live Nation Entertainment's artist management arm, called Artist Nation, is included within its concerts division and also includes Front Line Management and Roc Nation. Live Nation Entertainment owns and operates hundreds of venues globally. The company sells tickets to live events through Ticketmaster.Legal issues
The company has faced various lawsuits alleging ticket price fixing, hidden fees and anti-competitive practices.Destiny's Child manager Mathew Knowles unsuccessfully sued Live Nation in 2011, asserting that the company had spread false information about his business dealings with Beyoncé.
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 U.S. Department of Justice calling for Live Nation to be unwound and broken up, citing its safety record and other factors. These calls were repeated in November 2022 after the Taylor Swift Ticketmaster controversy.
On August 2, 2023, Dynamic Ticket Systems, LLC. sued Ticketmaster and Live Nation for patent infringement.
In May 2024, the company confirmed rumours of a 1.3 TB data leak, at subsidiary Ticketmaster, whose potential impact may extend to over 500 million of their customers, making it one of the world's biggest digital security breaches. The leak was attributed to the malicious efforts of ShinyHunters, a hacker group who allegedly targeted the company's Snowflake infrastructure. The incident led to a class action lawsuit.
In August of 2024, Ireland's consumer watchdog ruled out an investigation into ticket pricing "after some tickets jumped in price by over 400 per cent on Ticketmaster within minutes" and failures of their website during sales of upcoming concerts for the band Oasis to be performed in August 2025.
In September 2025, the Federal Trade Commission in the United States and seven US states sued Ticketmaster and Live Nation, alleging the company engaged in illegal resale tactics that cost consumers billions of dollars. The lawsuit claims the companies colluded with brokers to collect tickets and then sell them at higher prices, and that advertised limits on broker sales on the Ticketmaster platform were not enforced.