When you think about going to a concert, the first
company that comes to mind is Live Nation. Live Nation is now the leading
concert and festival operator in the world. They have made a name for
themselves within the music field with divisions in ticketing, concerts, artist
management, and marketing.
Recently, Ticketmaster has entered into a secondary
sales market. This helps get tickets into the fans hands, and allow
others that won’t be able to use them earn money. It also helps to
prevent ticket scalpers. Keeping money out of the hands of people that
are driving the cost of tickets up is a big plus. Nobody wants pricing
driven up, especially when we are already paying a fortune for the highly
desired artists.
Live Nation acquired Ticketmaster years ago, and
have continued to build their business. The procurement of Bonnaroo, a four day music festival in
Tennessee, gaining majority stake in the company C3 Presents, an artist management and
marketing promotions company in Texas that has worked with the White House, and
the purchase of Big Concerts, a
concert promotions company in South Africa, have all aided in the business
becoming a staple. With these purchases, Live Nation has vastly expanded
its footprint across North America and 37 other countries.
As Michael Rapino, Live Nation Entertainment
president and CEO, says: "Our mission at Live Nation is to connect fans
with the artists they love in every corner of the globe.” They have
succeeded at doing just that, and continue to look to the future. They
are looking to streaming music shows online, which will allow its customers to
see a live concert in the comfort of their own home.
With so much control over the industry, is it any wonder that they are the leaders in their field? They are changing the face of the entertainment industry!
With so much control over the industry, is it any wonder that they are the leaders in their field? They are changing the face of the entertainment industry!
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