Clear Channel Entertainment Articles about
Live Nation
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Information About

Clear Channel Entertainment




  Company Logo
  Company Type Public ( NYSE : LYV )
  Company Slogan various
  Foundation 2005
  Industry Entertainment
  Location Beverly Hills, CA
  Key People Michael Rapino , CEO <br> L Lowry Mays , Chairman
  Num Employees 3,000 full-time, 15,900 part-time
  Products Concerts
  Revenue $28 billion USD (Calendar 2005 )


Live Nation is a concert company based in the United States Of America . Live Nation, formed in 2005 by a spin-off from Clear Channel Communications . The present CEO of the company is Michael Rapino and its headquarters is located in Beverly Hills, CA .

In 2005, Live Nation promoted or produced over 28,500 events, including music concerts, theatrical shows, specialized motor sports and other events, with total attendance exceeding 61 million. As of September 30, 2005, Live Nation owned or operated 117 venues, consisting of 75 domestic and 42 international venues. These venues include 39 amphitheaters, 58 theaters, 14 clubs, four arenas and two festival sites. In addition, through equity, booking or similar arrangements Live Nation has the right to book events at 33 additional venues.


HISTORY

On December 21, 2005, Clear Channel completed the spin-off of Live Nation, formerly known as Clear Channel Entertainment. Live Nation is now an independent company and is no longer owned by Clear Channel.



Worldwide




CONTROVERSY

As a previous subsidiary of Clear Channel Communications under the Clear Channel Entertainment name, Live Nation was party to some highly visible controversies.


Live music recordings

In 2004 , Clear Channel acquired a key patent in the process of producing "instant live recordings", in which a live performance is recorded directly from the sound engineer's console during the show, and then rapidly burned on CD so that audience members can buy copies of the show as they are leaving the venue. This is intended to provide additional revenue to the artist, venue, and promoter, as well as stifle the demand for unauthorized Bootleg concert recordings made by audience members for profit. However, some media critics, as well as smaller business rivals, believe that Clear Channel is using the patent (on the process of adding cues to the beginning and ending of tracks ''during recording'', so that the concert is not burned as a single enormous track) to drive competitors out of business or force them to pay licensing fees, even if they do not use precisely the same process.

It is unclear whether this patent now resides with Clear Channel or Live Nation. {Link without Title}


Lawsuits

Clear Channel settled a lawsuit with a Denver, Colorado concert promoter, Nobody In Particular Presents (NIPP). In the lawsuit, NIPP alleged that Clear Channel halted airplay on its local stations for NIPP clients, and that Clear Channel would not allow NIPP to publicize its concerts on the air. The lawsuit was settled in 2004 with no monetary consideration, but Clear Channel has new rules regarding local concert promotion in Denver.

In 2002, Clear Channel was sued by the US Justice Department for not allowing people with Diabetes to bring medically necessary supplies, including Syringe s used for Insulin , into concert venues. Clear Channel changed their policy shortly afterward.

In 2004, Clear Channel was sued by a San Francisco, California man for charging a mandatory parking fee on every ticket sold for a venue, whether the person purchasing the ticket was driving alone, car-pooling, or using public transportation. This is still unresolved.


CORPORATE GOVERNANCE

Current members of the , Jeffrey T. Hinson , L. Lowry Mays , Mark P. Mays , Randall T. Mays , Connie McCombs McNab , John N. Simons, Jr. , Timothy P. Sullivan , and Michael Rapino


Top executives



FAMOUS PEOPLE MANAGED BY LIVE NATION OR SUBSIDIARIES

Sports: David Beckham , Michael Jordan , Andre Agassi , Brandi Chastain , Pedro Martinez , Prince Naseem Hamed , Jason Giambi , Gary Lineker , Miguel Tejada , Roger Clemens , Greg Norman , Nomar Garciaparra , Jerry Rice , Kobe Bryant , Warrick Dunn , Al Michaels , Trent Green , Dick Vermeil , Gail Devers , Michael Owen , Nasser Hussain , Michael Atherton , and Alan Shearer .


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