In the course of digitization new players entered the music industry changing the rules of the game. Such a player is Live Nation. Live Nation Entertainment is the result of the merger of the world’s largest music promotion company, Live Nation, and the world’s largest ticketing company, Ticketmaster, in 2010. The Ticketmaster-Live Nation merger marks the beginning of a new era in the music business, with all activities within the industry now being integrated, including live music events, venue operations, ticketing services, sponsorship and advertising sales, and artist management and services (Live Nation 2015: 4). In the following Live Nation’s business model and economic performance after the merger is portrayed and analysed.
Posts Tagged ‘Michael Rapino
Tags: 360 degree deal, AEG, concert business, concert promotion, Concerts Productions International, Coran Capshaw, CPI, CTS Eventim, Dean Budnick, Front Line Management, Grand Entertainment, House of Blues, Irving Azoff, Jaz-Z, Josh Baron, Live Music market, Live Nation, Live Nation Ticketmaster merger, Madonna, Michael Cohl, Michael Rapino, MusicToday, Nickelback, Phish, promotion business, Robbie Williams, SFX Entertainment, Shakira, Ticketmaster, U2, unified rights deal
“Ticket Masters. The Rise of the Concert Industry and How the Public Got Scalped” by Dean Budnick and Josh Baron is one the first books that highlight the emergence of the modern concert industry by telling the story of the rise of its main players: Ticketmaster and Live Nation. It gives a deep insight into the processes within the network of concert promoters, ticketing firms and artist agencies and how this network has evolved over the decades.
In the last part of the summary of Budnick’s and Baron’s book the merger of Ticketmaster and Live Nation as well as the emergence of 360 deals are highlighted.