Live Nation Entertainment, Inc. Services | Entertainment - Diversified | USA Live Nation Entertainment, Inc. operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content. This segment also provides management and other services to artists. The Sponsorship & Advertising segment sells sponsorships and placement of advertising, including signage, online advertising, and promotional programs, as well as live streaming and music-related content; and ads across its distribution network of venues, events, and Websites. This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events for specific brands. The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to clients, as well as ticket resale services; and offers online access for customers relating to ticket and event information through its primary Websites, livenation.com and ticketmaster.com. This segment sells tickets for its events, as well as for third-party clients in various live event categories, such as arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters. It sells tickets through Websites, mobile apps, ticket outlets, and telephone call centers. As of December 31, 2018, it owned, operated, or leased 120 entertainment venues and 144 other facilities in North America; and 37 entertainment venues and 118 other facilities internationally. The company was formerly known as Live Nation, Inc. and changed its name to Live Nation Entertainment, Inc. in January 2010. Live Nation Entertainment, Inc. was incorporated in 2005 and is headquartered in Beverly Hills, California.
Live Nation admits to helping artists scalp their own tickets to make more money https://www.vox.com/the-goods/2019/...cket-resale-scheme-metallica-billboard-report "it had a quiet practice of helping performers sell thousands of tickets on resale sites at higher prices, rather than offering them at face value to fans." "[Metallica's tour manager] asks [Live Nation's president of US concerts] to help him sell 88,000 tickets to Metallica’s upcoming tour on resale sites — with added profits benefiting both Live Nation and Metallica — and he agrees, strategizing to transfer thousands of tickets into an account run by a Live Nation employee." "By listing tickets directly on resale sites, artists get an out: making it seem as if they are not the ones setting the high prices, but rather are helpless to prevent escalation in an open marketplace." tl;dr Musicians are putting their own tickets for sale on scalping sites instead of at the box office, then they get the extra profits. And Live Nation takes some of the profit too, recompense for taking all the heat from irate fans and letting the musicians seem innocent.
