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Tag Archives: Live Nation

Live Nation revenue down 98% due to pandemic

Posted by on August 6, 2020

  Concert promoter Live Nation Entertainment, Inc. has released their financial results for the quarter ended June 30, 2020. The company revealed a net revenue of $74.1 million — 98% lower than the $3.16 billion the prior year — and an adjusted operating loss of $431.9 million. Live Nation released a statement weighing in on […]

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Live Nation Makes Changes to Artist Agreement

Posted by on June 19, 2020

    Event promoter Live Nation has announced that they will be making sweeping changes to their artist agreement for the 2021 concert season.  A memo was sent out to talent agencies Wednesday (17) with the new measures, which affect how artists get paid, as well as shifting some of the financial burdens typically placed […]

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Live Nation Furloughs 20% of Staff

Posted by on May 20, 2020

  Concert promoter Live Nation revealed Tuesday (19) that the company has furloughed 20% of their workforce. Affecting roughly 2,100 people, furloughed staffers will still have their company health insurance, but will not have a paycheck to go with it. Live Nation had started furloughing staffers at Ticketmaster in April as part of $600 million […]

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Live Nation CEO lays out plans for restarting concert industry

Posted by on May 11, 2020

  Live Nation held their first-quarter earnings call on Thursday (7), which found CEO Michael Rapino discussing the company’s finances for the months of January through March, as well as looking into the future of the ticketing industry.  The big topic of discussion was how the company was going to handle the aftermath of the […]

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Live Nation announces refund plan for postponed shows

Posted by on April 28, 2020

  Concert giant Live Nation has announced a plan to give customers a refund for their cancelled and postponed shows.  The company launched their Ticket Relief program on Monday (27), laying out what options customers have for their cancelled, postponed and rescheduled shows. For shows that were fully cancelled, customers will receive their refunds without […]

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Live Nation has launched a new fund for live music crews

Posted by on April 2, 2020

Live Nation has launched the The Crew Nation, which is intended to help support live music crews (managers, riggers, sound engineers, etc) who are left struggling due to the COVID-19 pandemic. Music Forward Foundation will be in charge of selecting recipients but the employees of Live Nation will not be eligible to receive funding. The Crew Nation […]

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Live Nation planning to pause all tours due to coronavirus pandemic

Posted by on March 12, 2020

  Our next update will most likely show that most tours for the first half of the year will either be cancelled or remain in question until this coronavirus pandemic miraculously settles down. Billboard reports, Live Nation is planning to pause all touring, instructing all acts to return home both domestically and internationally. Events starting […]

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U.S. Justice Department threatens legal action against Live Nation, reach settlement instead

Posted by on December 23, 2019

On Friday (12/13), news broke that the U.S. Justice Department was preparing to take legal action against concert promoting giant Live Nation. Now, less than a week later, the two have reached a settlement that clarifies the rules the company must follow when dealing with venues. According to the Wall Street Journal, the Department of […]

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Congressman calls out on Metallica/Live Nation ticket scam

Posted by on July 30, 2019

It’s no secret that seeing your favorite band perform live is an exhilarating experience. Many fans will do whatever they can to obtain concert tickets. We may have done one of these, or know someone who has either sold their car, worked multiple jobs, applied for a new credit card, etc. We just discussed how […]

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New report reveals how Metallica and other artists engaged in ticket resale market

Posted by on July 19, 2019

On March 19th of this year we noticed strange activity during the pre-sale of Metallica’s S&M2 performance for September 6th. As eager Metallica fans were ready to secure their tickets for the iconic show at the brand new Chase Center in San Francisco, CA, resellers such as StubHub snagged thousands of tickets leaving many fifth […]

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