Live Nation Entertainment, Inc.

Live Nation Entertainment, Inc.

Live Nation Entertainment, Inc.

Overview
Date Founded

2005

Headquarters

9348 Civic Center Drive, Beverly Hills, CA, 90210, USA

Type of Company

Public

Employees (Worldwide)

9,500

Industries

Recreation & Leisure
Internet Software & Services
Entertainment

Company Description

Live Nation Entertainment, Inc. is an entertainment company, which engages in producing, marketing and selling live concerts for artists via global concert pipe. It operates through the following segments: Concerts, Sponsorship & Advertising, Ticketing, and Artist Nation. The Concerts segment involves in the promotion of live music events in owned or operated and in rented third-party venues. The Sponsorship and Advertising segment offers sales force that creates and maintains relationships with sponsors through a combination of international, national, and local opportunities that allow businesses to reach customers through concerts, venue, festivals and ticketing assets, including advertising on websites. The Ticketing segment includes selling of tickets for events on behalf of clients and retains a fee, or service charge for these services. The Artist Nation consists of management services to music artists and clients in exchange for a commission on the earnings of these artists. The company was founded on August 2, 2005 and is headquartered in Beverly Hills, CA.

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Executives & Employees

Co-President, Chief Executive Officer & Director

President

Chief Financial Officer

Executive Vice President & General Counsel

Chief Accounting Officer

Chief Human Resources Officer

President, US Concerts

President, Europe Concerts

President, Ticketmaster North America

Chief Communications Officer

Board of Directors

President & Chief Executive Officer at Liberty Media Corporation

Co-President, Chief Executive Officer & Director at Live Nation Entertainment, Inc.

Co-Chief Executive Officer & Director at IMG Worldwide, Inc.

President at IMG Worldwide, Inc.

President at Running M Capital LLC

Former Head, Apple Music at Apple, Inc.

Managing General Partner at Balquita Partners Ltd.

Advisor at Blue Cloud Ventures LLC

Founder & Chief Executive Officer at SpringHill Entertainment

Chairman at ABC Entertainment

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Live Nation Entertainment, Inc.
Owners & Shareholders
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Founded in 1997, the Canada Pension Plan Investment Board is a professional investment management organization based in Toronto with additional offices in London and Hong Kong. The firm is also known as the CPP Investment Board. They manage the investments of the Canada Pension Plan (CPP).

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FPP is a value-oriented manager which focuses on absolute, as well as relative performance. Through their funds they generally seek to invest in quality companies that are temporarily out of favor with the market which have the potential of doubling the investment in two to three years with little risk. The firm constructs relatively conservative portfolios comprised of companies able to sustain earnings and cash flow growth in a variety of economic conditions. They try to identify future micro-economic trends and focus on companies benefiting from these trends before they become widely apparent to Wall Street. FPP aims to invest in businesses where it is possible to fully understand the fundamentals. They seek to invest in regions where the economic growth is robust and sustainable or where growth prospects are improving. They have the discipline to sell when everything looks positive and is reflected in the company's valuation. The Findlay Park American Fund aims to achieve capital growth principally through investment in the securities of companies in the Americas. FPP invests the fund in the following sectors: Financials, Information Technology, Health Care, Communication Services, Industrials, Materials, Consumer Staples, Energy, Consumer Discretionary, Real Estate, and Cash & Fixed Interest.

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SEG offers a long-only equity management program that utilizes fundamental analysis to select stocks they believe will provide better than market returns over a complete market cycle. Money market reserves may comprise 0 to 50 percent of the account, but generally range from 0 to 20 percent, depending on market conditions. SEG generally limits their portfolio of securities to less than 40 than stocks in each account. SEG employs eight primary investment strategies. Their investment strategies are generally driven by a research-intensive, fundamental bottom-up process and draw upon a centralized research department. These strategies include: Small-Mid Cap /Long-Only, US Core, Concentrated Opportunistic, US Long/Short, International Long/Short, International Long-Only, Global Long-Only, and Private Equity. SEG obtains exposure to particular issuers or securities for their private funds (and may for individual clients) through various types of derivatives transactions, including swaps and contracts for differences. In addition, they may hedge exposure to currency fluctuations for foreign securities owned by the private funds by entering into currency forward or option transactions.

Recent Transactions
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Live Nation Entertainment, Inc. purchases Ocesa Entretenimiento SA de CV from Corporacion Interamericana de Entretenimiento SA de CV

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Live Nation Entertainment, Inc. purchases MCD Productions Ltd. from Gaiety Investments Ltd.

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Live Nation Entertainment, Inc. purchases IMM Esporte e Entretenimento Ltda.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onQurate Retail, Inc. purchases Live Nation Entertainment, Inc.

Investment Advisor

Advised onLive Nation Entertainment, Inc. purchases Ocesa Entretenimiento SA de CV from Corporacion Interamericana de Entretenimiento SA de CV

Investment Advisor

Advised onLive Nation Entertainment, Inc. purchases Secret Sounds Group Pty Ltd.

Legal Advisor

Advised onQurate Retail, Inc. purchases Live Nation Entertainment, Inc.

Legal Advisor

Advised onLive Nation Entertainment, Inc., LN Gaiety Holdings Ltd. purchase The WareHouse Project Ltd.

Legal Advisor

Advised onLive Nation Entertainment, Inc. purchases Front Line Management Group, Inc. from MSGN Holdings LP, Azoff Family Trust of 1997

Advisors & Consultants
Legal Advisor

Co-Managing Partner at Sidley Austin LLP

Real Estate Agent

Executive Managing Director, Brokerage at Newmark Knight Frank

Advisor

Vice President, Head of Global Experiential Marketing & Partnerships at American Express Co.

Clients

Salesforce.com, Inc. provides enterprise cloud computing applications. It provides a comprehensive customer and collaboration relationship management service to businesses of all sizes and industries and also provides a technology platform for customers and developers to build and run applications. The company has designed and developed its applications to be easy-to-use and intuitive solutions that can be deployed rapidly, customized easily and integrated with other software applications. Salesforce.com offers its services on a subscription basis, primarily through its direct sales efforts and indirectly through partners. The company operates in one segment. It was founded by Marc Benioff, Parker Harris, Dave Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.

Liberty Media Corp. engages in the operation media, communications, and entertainment businesses. It operates through the SIRIUS XM and Formula 1 segments. The SIRIUS XM segment provides subscription based satellite radio service. The Formula 1 segment refers to a global motorsports business that holds exclusive commercial rights with respect to the World Championship, an annual, motor race-based competition. The company was founded on March 28, 1991 and is headquartered in Englewood, CO.

Johnson & Johnson is a holding company, which engages in the research and development, manufacture and sale of products in the health care field. It operates through the following segments: Consumer, Pharmaceutical, and Medical Devices. The Consumer segment includes products used in the baby care, oral care, beauty, over-the-counter pharmaceutical, women's health, and wound care markets. The Pharmaceutical segment focuses on therapeutic areas such as immunology, infectious diseases ad vaccines, neuroscience, oncology, cardiovascular and metabolism, and pulmonary hypertension. The Medical Devices segment offers products used in the orthopedic, surgery, cardiovascular, diabetes care, and eye health fields. The company was founded by Robert Wood Johnson I, James Wood Johnson and Edward Mead Johnson Sr. in 1886 and is headquartered in New Brunswick, NJ.

Key Stats and Financials As of 2018
Market Capitalization
$13.2B
Total Enterprise Value
$11.2B
Earnings Per Share
$-0.09
Revenue
$10.8B
EBITDAMargin
6.95%
Enterprise Value Sales
1.04x
Enterprise Value EBITDAOperating
14.98x
TEVNet Income
-636.02x
Debt TEV
0.25x
Total Debt
$2.82B
EBITDA
$750M
Total Equity
$1.67B
Net Profit
$-17.6M
Five Year Compounded Annual Growth Rate Of Revenue
10.74%
Three Year Compounded Annual Growth Rate Of Revenue
14.19%
Investments
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C3 Presents LLC produces books and markets live experiences, concerts, events and music shows. The firm specializes in marketing, publicity, creative, sponsorship, ticketing, talent buying, accounting and legal services. The company was founded by Charles Attal, Charlie Jones and Charlie Walker in 2007 and is headquartered in Austin, TX.

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Manticore Games, Inc. develops computer games. It offers multiplayer PC and console games and services. The company was founded by Jordan Maynard and Frederic Descamps in 2016 and is headquartered in San Mateo, CA.

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Ethos Technologies, Inc. provides life insurance services. Its policies cover includes debt, income, mortgages, and education. The company was founded by Lingke Wang and Peter Colis and is headquartered in San Francisco, CA.

Investors
Details Hidden

Senior Advisor at Great Oaks Venture Capital

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General Partner at Craft Ventures LLC

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Founder at Great Oaks Venture Capital

Suppliers
Apigee Corp. Internet Software & Services | Sunnyvale, CA

Apigee Corp. develops application programming interface platforms and predictive big data analytics technology. Its platforms include Gateway, Security, Analytics, Developer Portal, Operations, Platform Add Ons and Pricing. The company was founded by Ravi Chandra, Rajvir Singh, Jay Sethuram, Ravikrishna Cherukuri, Vikas Deolaliker and Meenakshi Singh on June 3, 2004 and is headquartered in San Jose, CA.

Liberty Media Corporation Consumer Services | Englewood, Colorado

Liberty Media Corp. engages in the operation media, communications, and entertainment businesses. It operates through the SIRIUS XM and Formula 1 segments. The SIRIUS XM segment provides subscription based satellite radio service. The Formula 1 segment refers to a global motorsports business that holds exclusive commercial rights with respect to the World Championship, an annual, motor race-based competition. The company was founded on March 28, 1991 and is headquartered in Englewood, CO.

Bazaarvoice, Inc. Holding Companies | Austin, TX

Bazaarvoice is a Software as a Service (SaaS) company that turns social media into social commerce for the world's best global brands by enabling authentic customer-powered marketing. We achieve that by first letting consumers create and share ratings, reviews, questions, answers, and stories about products and brands on client websites. We then syndicate that content across the Web and through the channel to reach shoppers wherever they are. This customer-generated content has a tremendously positive influence on purchase decisions. It is also rich with customer intelligence, which we analyze and provide to our clients so they can make real-time, information-based decisions that affect all aspects of their business — marketing, product R&D, and operations. This strategy of putting customers at the center of your business helps you achieve measurable results across your entire enterprise. Brett Hurt, Vice Chairman, and Brant Barton, General Manager of Media Solutions, founded Bazaarvoice in 2005. Headquartered in Austin, the company has offices in Amsterdam, London, Munich, New York, Paris, San Francisco, Stockholm, and Sydney.

Competitors
The Madison Square Garden Company Recreation & Leisure - New York, New York

The Madison Square Garden Co. engages in the provision sports and entertainment business. Its sports franchises include the New York Knicks (Knicks), National Basketball Association (NBA), New York Rangers (Rangers), National Hockey League (NHL), New York Liberty (Liberty), Women's National Basketball Association (WNBA), Hartford Wolf Pack of the American Hockey League (AHL), Westchester Knicks of the NBA G League (NBAGL), and Counter Logic Gaming (CLG). It operates through the following segments: Madison Square Garden (MSG) Entertainment, MSG Sports, and Corporate and Others. The MSG Entertainment segment features its live entertainment events, including concerts, family shows, performing arts and special events, which present or host in its diverse collection of venues. The MSG Sports segment promotes, produces, and presents a broad array of other live sporting events, such as professional boxing, college basketball, college hockey, professional bull riding, mixed martial arts, esports, tennis, and college wrestling. The company was founded on March 4, 2015 and is headquartered in New York, NY.

eBay, Inc. Consumer Services

eBay, Inc. operates as a commerce company, which engages in the provision of investments and acquisitions to help enable commerce on platforms for buyers and sellers online or on mobile devices. It operates throught the following platforms: Marketplace; Classifieds; StubHub, Corporate, and Others. The Marketplace platform include online marketplace located at www.ebay.com, its localized counterparts and the eBay mobile apps. The Classified platform focuses in collection of brands such as mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen and others. The StubHub platform gives online ticket platform located at www.stubhub.com, its localized counterparts and the StubHub mobile apps. The company was founded by Pierre M. Omidyar in September 1995 and is headquartered in San Jose, CA.

Eventbrite, Inc. Computer Software - San Francisco, CA

Eventbrite, Inc. provides event management services encompassing online ticketing, event hosting, organization, promotion and advertising. The company was founded by Alan Michael Braverman, Renaud Visage, Kevin E. Hartz and Julia Hartz in 2006 and is headquartered in San Francisco, CA.

Awards & Honors
Rank #366
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #366
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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