Thursday, July 15, 2010 5:32PM - By Seraphina L.
When Live Nation teamed up with Ticketmaster to become the monster that is Live Nation Entertainment (LNE), all of the local and indie music companies were horrified at such a creation. Monopoly is never a fair game but it looks like LNE isn’t staying as strong as they said they were going to be in this economy. With ridiculous prices, which include fees to even print your own ticket out, they’ve had trouble filling those amphitheater seats. Most music fans would rather sweat it out in a small, dingy venue while standing instead of putting our rear ends in those unnecessary seats. (Besides who sits at shows anymore?)
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Thursday, February 25, 2010 3:59PM - By Jeffrey Hyatt
Live Nation Entertainment, the behemoth of a music company created by the recent merger with Ticketmaster Entertainment Inc., reported results for the first time Thursday; a fourth-quarter operating loss of $64.4 million as concert revenue tumbled.
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Friday, February 19, 2010 3:53PM - By Seraphina L.
The Boss is sounding pretty nice these days. We’re talking about Bruce Springsteen, of course. If you have an overbearing supervisor who sneaks up on you in your cubicle, Office Space style, we’re sorry about that. Unless you’re a Springsteen fan, that working environment for you may still sting. It’s just that it turns out not all Ticketmaster/Live Nation purchasers will have to suffer the high prices due to the massive business merge.
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Monday, January 25, 2010 9:08PM - By Seraphina L.
Too much dismay of indie artists and even major label artists, the merge between Live Nation and Ticketmaster Entertainment has won clearance to merge and become the new company, Live Nation Entertainment. Despite the fear of a monopoly in the industry and those who looked up to the Obama administration to lock down on certain business mergers that may severely hurt parts of the economy, this merger has made both shares of both companies incredibly higher.
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Friday, August 28, 2009 11:00AM - By Seraphina L.
Based on their last quarter in music sales, Live Nation has reported that their revenue per fan is $78.16. This is lower than last year’s second quarter which brought in $81.82 per fan.
Although this is not bad at all when you factor in the economy that has been spiraling downward, it just proves that fans are paying unnecessary amounts of money when it comes to large companies like this. Live Nation confirms the fact that people haven’t stopped going to concerts, but also state that they continue to receive earnings from food, beverages, and visits to their monopoly of a site.
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Thursday, June 25, 2009 11:56AM - By Jeffrey Hyatt
Live Nation, the world’s largest concert promoter, has entered into a strategic alliance with South Africa’s BIG Concerts. As part of the collaboration, BIG Concerts will serve as the exclusive promotion partner for all Live Nation tours in South Africa, where BIG Concerts currently sells more than 400,000 tickets annually.
“This alliance provides us with a world class partner to expand our global concert platform into South Africa as the region emerges as an increasingly important touring destination for artists,” Live Nation president/CEO Michael Rapino said in a statement. “This partnership is an example of the progress we are making in identifying growth markets to strategically monetize our tours on a global scale.”
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Friday, May 8, 2009 6:30PM - By Morelli
Global ticket sales rose 8 percent in 2008, but Live Nation’s earnings report for the first quarter of 2009 showed losses of $102.7 million. In the UK, live music sales surpassed recorded music, yet Live Nation reports a 22 percent drop in attendance of live shows.
The anticipation that live performances would continue to grow in sales, or even try to compensate for losses in physical sales is deeply shaken. Live Nation President and CEO Michael Rapino doesn’t think there’s a problem:
“Our first quarter results were in line with our plan and, despite challenging economic times, fans are buying concert tickets at a healthy pace.”
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Tuesday, March 24, 2009 8:00AM - By Brian Spiegel
You’ve heard the line “you can’t squeeze blood from a turnip”. It’s an old phrase that means that you can’t get from someone what they aren’t willing to give. The phrase has been thrown around a lot recently when talking about the American consumer. Apparently we aren’t spending money anymore but instead keeping it between our mattress and planning our move out of the Dust Bowl (metaphorically speaking of course, I’m sure Oklahoma has more to offer right now then California… like a state budget and such).
Without piling more metaphors onto each other, ladies and gentlemen, I would like to present myself as Mr. Turnip and on Friday, even though I’m out of a job and money is kinda tight, I found myself purchasing pricey No Doubt tickets through the Live Nation website. Even if he is watching his money, apparently you can squeeze blood from a turnip if the turnip is willing to overlook such things as service charges and a slightly inflated ticket fee.
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Tuesday, March 17, 2009 5:30PM - By Matt Unangst
Trent Reznor has added his own two cents to the ticketing issue in a post on Nine Inch Nails’ blog. Reznor lays most of the blame for inflated ticket prices on Live Nation and Ticketmaster, but accepts some blame on the part of artists. He says that the artist, when choosing to tour, first chooses the venues it would like to play. In the past, artists would contract with local promoters, who would then sell tickets to the shows, but Live Nation has now bought most of the venues and local promoters, so artists must now deal with Live Nation. Whether a show is sold through Ticketmaster or Live Nation is determined by the promoter, not the artist.
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