Live Nation, Inc. NYSE: LYV is a live events company based in Beverly Hills, California. Live Nation formed in 2005 by a spin-off from Clear Channel Communications. The present CEO of the company is Michael Rapino.
Mainly a concert promoter, Live Nation "signs" artist as a "record label", but predominantly takes the role of a promoter, rather than "owner of music". The deal with U2 and Madonna for example does not include copyright of the artists...
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Live Nation, Inc. NYSE: LYV is a live events company based in Beverly Hills, California. Live Nation formed in 2005 by a spin-off from Clear Channel Communications. The present CEO of the company is Michael Rapino.
Mainly a concert promoter, Live Nation "signs" artist as a "record label", but predominantly takes the role of a promoter, rather than "owner of music". The deal with U2 and Madonna for example does not include copyright of the artists' future recordings. The 2007 deal signed with Jay-Z does include the rapper's future recordings. Recently, Live Nation has signed Colombian singer Shakira and Canadian band Nickelback.
Annually Live Nation promotes or produces over 22,000 events, including music concerts, with total attendance exceeding 50 million--more than the NBA, NFL, and NHL combined. As of September 30, 2005, Live Nation owned or operated 117 venues, consisting of 75 US and 42 international venues. These venues include 39 amphitheatres, 58 theatres, 14 clubs, 4 arenas...
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