Case Analysis
LIVE NATION
Profile:
Live Nation Entertainment
From Wikipedia, the free encyclopedia
"Live Nation" redirects here. For its live events subsidiary, see Live Nation (events promoter).
Live Nation Entertainment Type
Public company
Traded as
NYSE: LYV
Industry Entertainment
Founded 2010
Headquarters Beverly Hills, California
Area served Worldwide
Key people • Irving Azoff (Chairman)
• Michael Rapino (CEO, director, president)
Products Ticketmaster
Live Nation Concerts
Front Line Management Group
Live Nation Network
Revenue US$ 5.38 billion (2011)
Operating income US$ 18.34 million (2011)
Net income US$ -70.40 million (2011)
Total assets US$ 5.088 billion (2011)
Total equity US$ 1.62 billion (2011)
Employees Full-time: 6,600
Part-time: 13,000
Website livenationentertainment.com
Live Nation Entertainment (NYSE: LYV) is an American entertainment company, formed from the merger of Live Nation andTicketmaster. The leadership consists of John C. Malone, chairman of Liberty Media as chairman and Michael Rapino, (currently chief executive officer of Live Nation) as president and CEO of the company. On January 24, 2011, media executive Barry Diller resigned from the board of directors after a reported internal boardroom struggle.[1]
The proposal has received regulatory approval in Norway and Turkey.[2] The United States Justice Department approved the merger on January 25, 2010 with some conditions to which both parties agreed.[3]
In October 2009, the United Kingdom's Competition Commission provisionally ruled against the merger[4] but on December 22, 2009, the Competition Commission reversed itself and decided to clear the proposed merger.[2]
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