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    Live Nation Entertainment Inc (LYV)

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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 .

    1. Concerts - Promotes live music events globally, operates and manages music venues, and produces music festivals, with revenue from ticket sales, concessions, and venue operations.
    2. Ticketing - Sells tickets for events on behalf of clients, primarily through Ticketmaster, and retains a portion of the service charge as its fee.
    3. Sponsorship & Advertising - Develops partnerships in sectors like beverages, technology, and financial services to drive growth and revenue.
    NamePositionExternal RolesShort 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.

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    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.

    1. 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?

    2. 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?

    3. 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?

    4. 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?

    5. 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?

    YearAmount Due (in billions)Debt TypeInterest Rate% of Total Debt
    20240.5504.875% Senior Notes4.875%8.7% = (0.550 / 6.3) * 100
    20240.129Euro-denominated note related to venueN/A2.0% = (0.129 / 6.3) * 100
    20250.4002.0% Convertible Senior Notes2.0%6.3% = (0.400 / 6.3) * 100
    20260.3005.625% Senior Notes5.625%4.8% = (0.300 / 6.3) * 100
    20270.9504.75% Senior Notes4.75%15.1% = (0.950 / 6.3) * 100
    20271.2006.5% Senior Secured Notes6.5%19.0% = (1.200 / 6.3) * 100
    20280.5003.75% Senior Secured Notes3.75%7.9% = (0.500 / 6.3) * 100
    20291.0003.125% Convertible Senior Notes3.125%15.9% = (1.000 / 6.3) * 100
    2028+0.043Other Long-Term DebtN/A0.7% = (0.043 / 6.3) * 100

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    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.

    NameStart DateEnd DateReason for Change
    Ernst & Young LLP2005 PresentCurrent auditor

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    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.

    No recent press releases or 8-K filings found for LYV.