Live Nation makes its livestreaming move with Veeps deal

If you needed a sign that livestreaming is likely to sit side-by-side with physical concerts even once the latter return at scale, how about Live Nation buying a majority stake in a livestreaming startup? That happened yesterday, as the live giant bought in to Veeps, the company founded by musicians Joel and Benji Madden of Good […]

Live Nation publishes financials, sees ‘signs of promise’

There are few surprises in the latest quarterly financial results for Live Nation. Revenues were down 95% year-on-year – slashed from $3.77bn in Q3 2019 to just $184m a year later. The live giant reported an operating loss of $504.4m, compared to an operating profit of 260m a year ago. For the first nine months of 2020, […]

Live Nation to double Black US leadership representation by 2025

The latest music company making promises about how it plans to make its senior management more diverse is Live Nation. “We commit to increasing diversity at every level of our company. This will start at the very top with our Board of Directors, where we plan to nominate more Black, indigenous and people of color […]

MelodyVR and Live Nation set for Brixton Academy livestreams

We reported last week on VR music startup MelodyVR’s financial performance in 2019 – £195k of revenues but a net loss of nearly £15m. The company is continuing to explore new partnerships to grow its business, though, with the latest being a deal with Live Nation in the UK. The pair will launch a series of […]

Controversy grows over Live Nation artist terms for 2021

Attempts by Live Nation to change its agreements with artists for concerts and festivals in 2021 have sparked a big row in the US which shows little sign of abating, even as the company began to row back from some of the controversial changes. A memo sent to talent agencies had suggested that “unprecedented times” required […]

Saudi Arabian fund acquires 5.7% stake in Live Nation

The sovereign wealth fund of Saudi Arabia has acquired a 5.7% stake in Live Nation, for a price estimated at nearly $500m. Live Nation is a public company, so this was a transaction on the open market, revealed in a filing by the ‘Public Investment Fund’ with the US Securities and Exchange Commission (SEC). According to Billboard, this […]

Cocooning, downgrading… what will Coronavirus mean for music?

The short term impact of the novel-Coronavirus (COVID-19) outbreak, in the US at least, is this: no big tours. AEG and Live Nation both announced yesterday that they are postponing all arena tours scheduled for March, having set up a task force together with talent agencies CAA, WME, Paradigm and UTA to figure out a collective […]

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