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General information  

  • Type : Publicly Traded:
  • Activity : Entertainment Ticketing Agent Entertainment Promoter Merchandise Promoter
  • Subsidiaries :
  • Starting date : 2010
  • Cessation place : Beverly Hills
  • Incomes : $82,140,000

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Live Nation (2010)

Live Nation Entertainment

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  Summary  

Live Nation Entertainment is the new corporate name and owner of Live Nation and Ticketmaster, who have merged. 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 new company. On January 24, 2011, media executive Barry Diller resigned from the board of directors after a reported internal boardroom struggle.

In order to merge Live Nation and Ticketmaster have to have approval from their shareholders, California State Regulators , and finally Federal regulator approval—the latter being the only outstanding approval.

The proposal has received regulatory approval in Norway and Turkey. The United States Justice Department approved the merger on January 25, 2010 with some conditions to which both parties agreed.

In October 2009, the United Kingdom's Competition Commission provisionally ruled against the merger but on December 22, 2009, the Competition Commission reversed itself and decided to clear the proposed merger.

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Whole or part of the information contained in this card come from the Wikipedia article "Live Nation", licensed under CC-BY-SA full list of contributors here.