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Live Nation Entertainment, Inc. is a global leader in the live entertainment industry, focusing on promoting live music events, managing music venues, and producing music festivals . The company operates through several key segments, including Concerts, Ticketing, and Sponsorship & Advertising, generating revenue primarily from ticket sales, concessions, and partnerships . Live Nation aims to expand its global presence by promoting more shows, selling more tickets, and increasing sponsorship partnerships to enhance revenue and shareholder value .
- Concerts - Promotes live music events globally, operates and manages music venues, and produces music festivals, with revenue from ticket sales, concessions, and venue operations.
- Ticketing - Sells tickets for events on behalf of clients, primarily through Ticketmaster, and retains a portion of the service charge as its fee.
- Sponsorship & Advertising - Develops partnerships in sectors like beverages, technology, and financial services to drive growth and revenue.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Michael Rapino ExecutiveBoard | President and CEO | Director at Sirius XM Holdings Inc. | Michael Rapino has been the President and CEO of LYV since August 2005. He has led the company through significant growth and strategic initiatives, including the integration of Ticketmaster into Live Nation. | View Report → |
Arthur Fogel Executive | Chairman of Global Music and President of Global Touring | None | Arthur Fogel has been with LYV since 1999 and has served as Chairman of Global Music and President of Global Touring since 2005. He is a key figure in the company's global music and touring operations. | |
Bob Roux Executive | President of U.S. Concerts | None | Bob Roux has been with LYV since 1990 and has served as President of U.S. Concerts since October 2010. He has extensive experience in concert operations. | |
Brian Capo Executive | Senior Vice President and Chief Accounting Officer | None | Brian Capo has been with LYV since December 2007, serving as Chief Accounting Officer. He played a critical role in overseeing accounting operations and navigating salary adjustments during the COVID-19 pandemic. | |
Carlos Alvarez Executive | Chief Technology Officer of Ticketmaster | None | Carlos Alvarez has been the CTO of Ticketmaster since September 2020, having joined LYV in August 2014. He has held various IT roles within the company. | |
Joe Berchtold Executive | President and CFO | None | Joe Berchtold joined LYV in April 2011 and has served as President since December 2017 and CFO since July 2021. He is responsible for overseeing financial operations and strategic initiatives. | |
John Hopmans Executive | Executive Vice President of Mergers and Acquisitions and Strategic Finance | None | John Hopmans joined LYV in April 2008 and has been serving in his current role since then. He plays a critical role in the company's mergers and acquisitions strategy. | |
Johnel Evans Executive | Global Vice President of Diversity and Inclusion | None | Johnel Evans joined LYV in June 2021 as Global Vice President of Diversity and Inclusion. He previously held leadership roles in diversity and human resources at Becton Dickinson and Company. | |
Kaitlyn Henrich Executive | Senior Vice President of Corporate Communications and Social Impact | None | Kaitlyn Henrich joined LYV in January 2016 and became Senior Vice President in January 2022. She oversees communication strategies and social impact initiatives. | |
Liz Dyer Executive | Senior Vice President of Human Resources | None | Liz Dyer joined LYV in April 2016 and became Senior Vice President of Human Resources in September 2020. She has held various HR roles within the company. | |
Mark Yovich Executive | President of Ticketmaster | None | Mark Yovich has been with LYV since 2000 and has served as President of Ticketmaster since December 2020. He previously led Ticketmaster's International Division. | |
Michael Rowles Executive | General Counsel and Secretary | None | Michael Rowles has been with LYV since March 2006 as General Counsel and since May 2007 as Secretary. He oversees the company's legal affairs. | |
Michael Wichser Executive | Chief Operating Officer of Ticketmaster | None | Michael Wichser has been the COO of Ticketmaster since January 2021. He joined LYV in September 2014 and has served in various mergers and acquisitions and strategy roles. | |
Russell Wallach Executive | President of Sponsorship and Advertising | None | Russell Wallach has been with LYV since 1996 and has served as President of Sponsorship and Advertising since July 2006. He has contributed significantly to the company's growth in sponsorship and advertising. | |
Chad Hollingsworth Board | Board Member | Director for Rocky Mountain PBS; Director for Invest in Kids | Chad Hollingsworth has been a member of the board of directors at LYV since June 2020. He focuses on strategic growth initiatives. | |
Greg Maffei Board | Chairman of the Board of Directors | President and CEO of Liberty Media Corporation; Chairman of Qurate Retail, Inc.; Chairman of Liberty TripAdvisor Holdings, Inc.; Director of Liberty Broadband Corporation; Director of Liberty Media Acquisition Corporation; Chairman of Atlanta Braves Holdings, Inc.; Chairman of TripAdvisor, Inc.; Chairman of Sirius XM Holdings Inc.; Director of Zillow Group, Inc.; Director of Charter Communications, Inc. | Greg Maffei has been a member of the board of directors at LYV since 2011 and has served as Chairman since 2013. He provides strategic oversight and leadership. | |
James S. Kahan Board | Board Member | Director at Catch Media, Inc. | James S. Kahan has been a member of the board of directors at LYV since 2007. He has extensive experience in mergers and acquisitions. | |
Jeff Hinson Board | Board Member | President of YouPlus Media, LLC; CFO and Director of IPTalons, Inc. | Jeff Hinson has been a member of the board of directors at LYV since 2005. He has a background in media and finance. | |
Jimmy Iovine Board | Board Member | Director of NTWRK; Director of Rosewood Creative Marketing Agency; Director of Backflip House, LLC; Director of XQ Institute | Jimmy Iovine has been a member of the board of directors at LYV since 2014. He is a renowned music industry executive and entrepreneur. | |
Latriece Watkins Board | Board Member | Executive Vice President and Chief Merchandising Officer for Walmart U.S.; Board member of Thaden School; Board member of Mercy Health Foundation of Northwest Arkansas | Latriece Watkins has been a member of the | |
Ping Fu Board | Board Member | Director of The Long Now Foundation; Director of Gem and Bolt LLC; Director of Burning Man Project; Director of Capstone Green Energy Corporation | Ping Fu has been a member of the board of directors at LYV since June 2018. She brings expertise in technology and social change. | |
Randall Mays Board | Board Member | Co-Chairman, Co-CEO, and CFO of BlueRiver Acquisition Corp.; President of Running M Capital; Director of BuildGroup; Director of LP Spinal Stabilization Technologies | Randall Mays has been a member of the board of directors at LYV since 2005. He has extensive experience in finance and investment. | |
Richard A. Paul Board | Board Member | Founder and CEO of KLUTCH Sports Group; Head of Sports at United Talent Agency; Board Member at Designer Brands Inc.; Board Member at Funko; Board of Trustees at LACMA; Minority Partner at The SpringHill Company; Co-Founder of ADOPT | Richard A. Paul was elected to the board of directors of LYV in April 2023. He is a prominent figure in the sports and entertainment industries. |
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With the ongoing scrutiny from the DOJ and potential antitrust actions, how do you plan to navigate the challenges in maintaining Ticketmaster's competitive position, and what specific steps are you taking to mitigate the risk of a potential breakup of Live Nation and Ticketmaster?
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Given the recent downturn in foreign exchange rates impacting your AOI in Latin America, how are you planning to hedge against FX risks in key growth markets, and what measures are you implementing to minimize the impact on your financial performance?
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Considering the increasing public attention and regulatory focus on the secondary ticketing market, what strategies are you deploying to address consumer concerns about high ticket prices and unregulated resale practices, and how is this affecting your relationship with artists and fans?
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Despite stating that your M&A strategy hasn't changed, are you concerned that the lack of sizable acquisition targets could limit your future growth, and how do you plan to sustain expansion in the face of regulatory constraints and a potentially saturated market?
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With significant investments in technology to handle high-demand on-sales and combat bots, can you elaborate on how these initiatives are effectively differentiating you from competitors, and what are your expectations for the return on these capital expenditures in the near term?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Anschutz Entertainment Group (AEG) | Operates under various names including AEG Presents, Concerts West, Frontier Touring, Goldenvoice, and Messina Touring Group. It is a competitor in the live music promotion industry and has a stronger presence in certain markets, access to other sports and entertainment venues, and potentially greater financial resources in those markets, which may provide a competitive advantage. |
Another Planet Entertainment | A competitor in the live music promotion industry. |
CTS Eventim | A competitor in the live music promotion industry. |
Jam Productions, Ltd. | A competitor in the live music promotion industry. |
I.M.P. | A competitor in the live music promotion industry. |
Outback Presents | A competitor in the live music promotion industry. |
TEG Dainty | A competitor in the live music promotion industry. |
ASM Global | A main competitor in venue management, potentially offering more attractive or a greater number of venues in certain markets and possibly having greater financial resources in those markets. |
A main competitor in venue management. | |
The Nederlander Organization | A main competitor in venue management. |
Bowery Presents | A main competitor in venue management. |
Tickets.com | A competitor in the ticketing services industry, providing primary ticketing services. |
A competitor in the ticketing services industry, providing primary ticketing services. | |
Paciolan, Inc. | A competitor in the ticketing services industry, providing primary ticketing services. |
A competitor in the ticketing services industry, providing primary ticketing services. | |
eTix | A competitor in the ticketing services industry, providing primary ticketing services. |
SeatGeek | A competitor in both primary and secondary ticketing services. |
Ticketek | A competitor in the ticketing services industry, providing primary ticketing services. |
See Tickets | A competitor in the ticketing services industry, providing primary ticketing services. |
Dice | A competitor in the ticketing services industry, providing primary ticketing services. |
StubHub | A competitor in the secondary ticketing services industry. |
Vivid Seats | A competitor in the secondary ticketing services industry. |
Viagogo | A competitor in the secondary ticketing services industry. |
Local sports teams | Compete at the local market level for sponsorships and advertising dollars, often offering state-of-the-art venues, strong brand association, and attractive local media packages. |
Major sports leagues | Compete at the national level for sponsorships and advertising dollars, combining sponsorships with significant national media packages. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Festival Promotion Business | 2024 | Completed acquisition that added $25.8M in goodwill to the Concerts segment and brought revenue‐generating contracts with a weighted-average life of 10 years in the U.S., enhancing concert operations. |
Artist Management Business | 2024 | Completed acquisition contributing $1.015M in goodwill to the Sponsorship & Advertising segment and adding definite-lived intangible assets—client/vendor relationships valued at $48.937M and technology assets at $7.939M—in the U.S., supporting broader artist management initiatives. |
Concert Promotion Company | 2024 | Completed acquisition in the U.S. that increased goodwill by $25.8M and added definite-lived intangible assets such as revenue-generating contracts and client/vendor relationships, thereby strengthening concert promotion capabilities. |
Venue Management Business (United States) | 2023 | Completed acquisition that incurred long-term debt of approximately $270–271M, increased goodwill in the Concerts segment (from $29.9M to a total increase of $90.8M), and added venue management and leaseholds intangible assets with a weighted-average life of 13–14 years, reflecting both financial and operational enhancements. |
Artist Management Business (US and Europe) | 2023 | Completed acquisition expanding operations across the U.S. and Europe, contributing $90.765M in goodwill and adding $197.71M in definite-lived intangible assets (including client/vendor relationships and revenue-generating contracts with average lives of 8–13 years), aligning with strategic operational integration. |
Promoter Business (South America) | 2023 | Completed acquisition that enhanced the Concerts segment by contributing to $90.8M of goodwill and added definite-lived intangible assets—revenue-generating contracts (6-year life) and client/vendor relationships (5-year life)—thus supporting strategic expansion in South America. |
Venue Management Business (United States) | 2022 | Completed acquisition funded with $39.9M in cash, which added intangible assets in the form of venue management and leaseholds (preliminarily valued at $107M over a 10-year life) and generated goodwill from anticipated cost savings and new opportunities in the U.S. market. |
Sports Management Business (United States) | 2022 | Completed acquisition in the first half of 2022 as part of a broader $39.9M cash deployment, adding client/vendor relationships and revenue-generating contracts with a weighted-average life of 4 years to bolster its sports management portfolio. |
Concert Promotion Business (Germany) | 2022 | Completed acquisition that used $38.8M in cash and generated $456.1M in goodwill while adding definite-lived intangible assets (with a preliminary fair value of $337M and a weighted-average life of 9 years), strategically enhancing Live Nation’s concert promotion capabilities in Germany. |
Ticketing Business (Thailand) | 2022 | Completed acquisition that expanded Live Nation's global reach by adding intangible assets—specifically client/vendor relationships and revenue-generating contracts with a weighted-average life of 5 years—as part of a $38.8M multi-acquisition cash deployment. |
Recent press releases and 8-K filings for LYV.
- Delivered operating income of $115 million and adjusted operating income of $341 million for Q1 2025, demonstrating strong live music momentum
- Concerts segment generated $2.5 billion in revenue with record deferred revenue of $5.4 billion (concerts) and $270 million (ticketing), reflecting robust consumer demand
- Ticketmaster performance showed deferred revenue impacts and FX headwinds, with Live Nation concerts up 12% despite shifts in the activity mix
- Global demand surged with a 60% increase in the stadium pipeline, underlining strong fan attendance and market growth
- Capacity expansion plans include opening 20 major venues globally through 2026 to meet rising ticket demand
- Strategic expansion includes the acquisition of Hayashi in Japan to secure direct promotion in a major market, alongside planned investments of $900 million to $1 billion in 2025
- Expanded price tiers and Venue Nation’s double-digit fan growth aim to enhance sell-through and margin stability