Between the DOJ’s Live Nation antitrust suit, Sphere’s first year, new leadership at CAA and a slew of acquisitions, it’s been another big year for the concert business. …
Between the DOJ’s Live Nation antitrust suit, Sphere’s first year, new leadership at CAA and a slew of acquisitions, it’s been another big year for the concert business. …
Also: Live Nation acquires a majority stake in Portugal’s MEO Arena, Oasis finds a tour merch partner in WMX and more. …
The Kingdom’s sovereign wealth fund took a 5.7% stake in the concert promoter in April 2020. …
With fewer stadium shows and more amphitheater and arena concerts, revenue fell 6% to $7.7 billion while adjusted operating income rose 4% to $910 million. …
The possibility of less regulation and pro-market policies led to record highs for the Dow, S&P 500 and Nasdaq composite indexes. …
Political winds in the live space haven’t impacted expenditures by Phil Anschutz, Michael Rapino and more, as spending was mostly flat with 2020. …
The touring giant said Michael Rapino had no business being deposed over the deadly crowd crush. But victims’ lawyers argued that he was directly involved in key decisions. …
Also: Oak View Group finds a Middle East partner, Dreamliner acquires two event logistics companies, atVenu raises $130 million and more. …
The executive exited amid major challenges in the mini-fest market he helped to build. …