Live Nation Entertainment, Inc.

Live Nation Entertainment, Inc.

Live Nation Entertainment, Inc.

Overview
Date Founded

1996

Headquarters

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

Type of Company

Public

Employees (Worldwide)

8,200

Industries

Recreation & Leisure
Other Business & Consulting Services
Internet Software & Services
Entertainment

Company Description

Live Nation Entertainment, Inc. operates as an entertainment company. The firm engages in producing, marketing and selling live concerts for artists via global concert pipe. It operates through the following segments: Concerts, Sponsorship & Advertising and Ticketing. 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 company was founded on August 2, 2005 and is headquartered in Beverly Hills, CA.

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Executives & Employees

President & Chief Executive Officer

President

Chief Financial Officer

Executive Vice President & General Counsel

Chief Accounting Officer

Chairman, Asia Pacific

President, US Concerts

President, Europe Concerts

President, Ticketmaster North America

President, Ticketmaster North America

Board of Directors

President & Chief Executive Officer at Liberty Media Corporation

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

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

President at IMG Worldwide, Inc.

Co-Chairman, Co-Chief Executive Officer & Chief Financial Officer at BlueRiver Acquisition Corp.

Co-Founder at Beats Electronics LLC

Advisor at Blue Cloud Ventures LLC

Co-Founder at PureBrands, LLC

Chairman at ABC Entertainment

Senior Vice President, Corporate Development at Liberty Media Corporation

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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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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.

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Akre Capital Management aims to compound their investors’ capital at above-average rates of return over extended periods of time, while incurring a below-average level of risk. Their overall investment approach involves long-term investments in equity securities through fundamental, bottom-up analysis. The firm’s equity strategy focuses on a broad range of equity investment styles, including growth, core and value, as well as portfolios designed to be style-neutral. Akre Capital Management typically buys securities and holds them for a relatively longer period of time, regardless of short-term factors such as fluctuations in the market or volatility of the stock price. Investments may include, but are not limited to, mid-cap and small-cap securities.

Recent Transactions
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Live Nation Entertainment, Inc., Live Nation Norway AS purchase Bergen Live AS from Live Events AS

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Live Nation Entertainment, Inc., Ticketmaster LLC purchase Tixcraft Inc.

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

Insider Transactions
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Transaction Advisors
Legal Advisor

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

Investment Advisor

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

Legal Advisor

Advised onLiberty Media Corporation purchases Live Nation Entertainment, Inc.

Legal Advisor

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

Associate

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

Managing Partner, Greater Los Angeles Offices at Sidley Austin LLP

Legal Advisor

Partner at Manatt, Phelps & Phillips LLP

Real Estate Agent

Executive Managing Director, Brokerage at Newmark & Company Real Estate, Inc.

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 following segments: Sirius XM Holdings, Formula 1, and Corporate and Other. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. The Sirius M features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services. The Pandora provides music, comedy, and podcast streaming discovery platform. The Formula 1 segment focuses on the global motorsports business that holds exclusive commercial rights with respect to the World Championship, an annual, motor race-based competition. The Corporate and Other segment relates to the Braves Holdings operations. The company was founded on March 28, 1991 and is headquartered in Englewood, CO.

Citi works tirelessly to provide consumers, corporations, governments and institutions with a broad range of financial services and products. They strive to create the best outcomes for their clients and customers with financial ingenuity that leads to solutions that are simple, creative and responsible.

Key Stats and Financials As of 2020
Market Capitalization
$17.9B
Total Enterprise Value
$20.1B
Earnings Per Share
$-8.12
Revenue
$1.86B
Net Profit
$-1.72B
EBITDA
$-1.12B
EBITDAMargin
-60.16%
Total Debt
$6.46B
Enterprise Value / Sales
10.81x
TEVNet Income
-11.68x
Debt TEV
0.32x
Total Equity
$139M
Three Year Compounded Annual Growth Rate Of Revenue
-43.53%
Non-Profit Donations & Grants
Investments
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Lioncity Escooters Pte Ltd. develops and manufactures electronic scooters and connected software products. It offers mobility, urban transportation, escooters, technology, software engineering and safety solutions. The company was founded by Deb Gangopadhyay and Alan Jiang in 2018 and is headquartered in Singapore.

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Askmos, Inc. is a college financial aid tool for students and families. The company was founded by Amira Yahyaoui and is headquartered in San Francisco, CA.

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PT Bumi Berkah Boga owns and operates coffee stores. The company was founded by Edward Tirtanata and James Prananto in August 2017 and is headquartered in Jakarta, Indonesia.

Investors
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Partner at Great Oaks Venture Capital BZ LLC

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Limited Partner at Lead Edge Capital Management LLC

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Founder at Great Oaks Venture Capital BZ LLC

Suppliers
Liberty Media Corporation Media Conglomerates | Englewood, Colorado

Liberty Media Corp. engages in the operation media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1, and Corporate and Other. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. The Sirius M features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services. The Pandora provides music, comedy, and podcast streaming discovery platform. The Formula 1 segment focuses on the global motorsports business that holds exclusive commercial rights with respect to the World Championship, an annual, motor race-based competition. The Corporate and Other segment relates to the Braves Holdings operations. The company was founded on March 28, 1991 and is headquartered in Englewood, CO.

Bazaarvoice, Inc. Market & Policy Research | 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.

Amazon.com, Inc. IT Consulting & Services | Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Competitors
eBay, Inc. Consumer Services - San Jose, California

eBay, Inc. operates as a commerce company. The company platforms include online marketplace and its localized counterparts, including off-platform businesses in South Korea, Japan, and Turkey, as well as eBay’s suite of mobile apps. The company technologies and services are designed to give buyers choice and a breadth of relevant inventory and to enable sellers worldwide to organize and offer their inventory for sale, virtually anytime and anywhere. The company was founded by Pierre M. Omidyar in September 1995 and is headquartered in San Jose, CA.

Anschutz Company Hedge Funds - Denver, CO

Anschutz Co. is a hedge fund manager headquartered in Denver, Colorado. It was founded by Philip Anschutz in 1992 as ANS Equity Company, Inc. and is a subsidiary of The Anschutz Corp. The firm provides investment advice to high net-worth clients.

Madison Square Garden Sports Corp. Recreation & Leisure - New York, New York

Madison Square Garden Sports Corp. is a professional sports company. It owns and operates a portfolio of assets featuring some of the teams in all of sports, including the New York Knickerbockers (the Knicks) of the National Basketball Association (NBA) and the New York Rangers (the Rangers) of the National Hockey League (NHL). The Company’s other professional franchises include development league teams - the Hartford Wolf Pack of the American Hockey League (the AHL) and the Westchester Knicks of the NBA G League (the NBAGL). It owns Knicks Gaming, an esports franchise that competes in the NBA 2K League, as well as a controlling interest in Counter Logic Gaming (CLG), a North American esports organization. The Company also operates professional sports team performance centers - the Madison Square Garden Training Center in Greenburgh, NY and the CLG Performance Center in Los Angeles, CA. Madison Square Garden Sports was founded on March 4, 2015 and is headquartered in New York, NY.

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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