A Progressive Digital Media business COMPANY PROFILE Live Nation Entertainment, Inc. REFERENCE CODE: 8DC03E57-D04E-4E8D-99D7-1987507B268F PUBLICATION DATE: 23 Jan 2019 www.marketline.com COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Live Nation Entertainment, Inc. «SectionHeader» TABLE OF CONTENTS Tickers ............................................................................................................................. 3 Key Facts ......................................................................................................................... 4 Company Overview ........................................................................................................5 Business Description .....................................................................................................6 History ............................................................................................................................. 8 Key Employee Biographies .........................................................................................22 Company View ..............................................................................................................32 Locations And Subsidaries .........................................................................................33 Top Competitors ...........................................................................................................34 Major Products & Services ..........................................................................................35 Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 2 Live Nation Entertainment, Inc. «SectionHeader» Tickers TICKERS LYV Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 3 Live Nation Entertainment, Inc. «SectionHeader» Key Facts KEY FACTS 9348 Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 4 Live Nation Entertainment, Inc. «SectionHeader» Company Overview COMPANY OVERVIEW Live Nation Entertainment, Inc. (Live Nation) is a live entertainment company. It is engaged in the production of live music concerts. The company’s services primarily include promotion of live music events, operation and management of music venues, selling tickets for events on behalf of the company's clients, sponsorship and advertising, and ticketing services. The company owns, operates, has booking rights or has an equity interest in 196 venues, including House of Blues music venues and locations such as The Fillmore in San Francisco, the Hollywood Palladium, the Ziggo Dome in Amsterdam and 3Arena in Ireland. The company operates in the Americas, Europe, Asia, the Middle East and Australia. Live Nation is headquartered in Beverly Hills, California, the US. The company reported revenues of (US Dollars) US$10,337.5 million for the fiscal year ended December 2017 (FY2017), an increase of 23.7% over FY2016. In FY2017, the company’s operating margin was 0.9%, compared to an operating margin of 2.2% in FY2016. The net loss of the company was US$6 million in FY2017, compared to a net profit of US$2.9 million in FY2016. The company reported revenues of US$3,835.3 million for the third quarter ended September 2018, an increase of 33.7% over the previous quarter. Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 5 Live Nation Entertainment, Inc. «SectionHeader» Business Description BUSINESS DESCRIPTION Live Nation Entertainment, Inc. (Live Nation) is a live entertainment company. The company operates in the Americas, Europe, Asia, the Middle East and Australia. The company operates through three business segments: Concerts; Ticketing; and Sponsorship and Advertising. Live Nation Entertainment's Concerts segment is engaged in the global promotion of live music events in the company's owned or operated venues and in rented third-party venues, the operation and management of music venues and the production of music festivals across the world. In FY2017, the Concerts segment reported revenues of USD7892.07 million, which accounted for 75.3% of the company's total revenue, including eliminations, Artist Nation, and excluding others. The company's ticketing segment is an agency business that sells tickets for events on behalf of the company's clients and retains a fixed fee or a percentage of the total convenience charge and order processing fee for its services. It sells tickets for its events and also for third-party clients across multiple live event categories, providing ticketing services for arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums and theaters. Live Nation Entertainment sells tickets through websites, telephone, mobile apps, ticket outlets and telephone call centers. In FY2017, the Ticketing segment reported revenues of USD2143,8 million, which accounted for 20.45% of the company's total revenue. The company's sponsorship and advertising segment employs a sales force that creates and maintains relationships with sponsors, through a combination of strategic, international, national and local opportunities for businesses to reach customers through the company's concert, venue, artist relationship and ticketing assets, including advertising on its websites. It also books and produces custom events or programs, including live music events with talent and media, using both online and traditional outlets, for its client's specific brands. Its sponsorship programs include companies such as American Express, Carlsberg, O2, Anheuser-Busch, Hilton and Pepsi. Its local and venue-focused sponsorships include venue signage, promotional programs, on-site activation, hospitality and tickets. In FY2017, the Sponsorship And Advertising segment reported revenues of USD445.14 million, which accounted for 4.25% of the company's total revenue. The company classifies its operations into three geographical regions including the US, the UK and Other Foreign Operation (excluding UK). In FY2017, the company generated 65.5% of the total revenue from the US; followed by Other Foreign Operation (excluding UK) 26.9% and the remaining 7.6% is contributed by the UK. Live Nation Entertainment's venues include stadiums, amphitheaters, arenas, theaters, clubs, House of Blues and festival sites. The company owns, operates, has booking rights or has an equity interest in 196 venues, including House of Blues music venues and locations such as The Fillmore in San Francisco, the Hollywood Palladium, the Ziggo Dome in Amsterdam and 3Arena in Ireland. The company's subsidiaries include Three Six Zero Music Publishing Limited, Shoreline Amphitheatre, Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 6 Live Nation Entertainment, Inc. «SectionHeader» Ltd., Live Nation Australasia Pty Ltd, Ticketmaster Canada Holdings ULC, Live Nation France, Live Nation Italia Srl, and Live Nation Venues (Netherlands) B.V. Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 7 Live Nation Entertainment, Inc. «SectionHeader» History HISTORY Acquisitions/Mergers/Takeovers Year: 2019 In January, the company acquired controlling interest in One Production. Acquisitions/Mergers/Takeovers Year: 2018 In January, Live Nation Entertainment acquired a majority interest in Frank Productions. Acquisitions/Mergers/Takeovers Year: 2018 In April, the company acquired a controlling stake in Rhythm and Vines Festival. Acquisitions/Mergers/Takeovers Year: 2018 In May, the company acquired the facial recognition company, Blink Identity. Acquisitions/Mergers/Takeovers Year: 2018 In May, the company acquired majority stake in ScoreMore Shows, an Texas based concert promoter. Acquisitions/Mergers/Takeovers Year: 2018 In June, the company acquired majority stake in Red Mountain Entertainment. Contracts/Agreements Year: 2018 Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 8 Live Nation Entertainment, Inc. «SectionHeader» In July, Ticketmaster signed an extension contract with the National Football League's Baltimore Ravens. Contracts/Agreements Year: 2018 In August, the company's Live Nation Australia entered into a partnership with Optus. Acquisitions/Mergers/Takeovers Year: 2018 In October, the company acquired a majority stake in Emporium Presents, an independent concert promoters. Acquisitions/Mergers/Takeovers Year: 2018 In December, the company announced its plans to acquire Mainland Music. Acquisitions/Mergers/Takeovers Year: 2018 In December, the company acquired a majority stake in Argentina's DF Entertainment. Acquisitions/Mergers/Takeovers Year: 2018 In January, Live Nation Entertainment acquired the certain assets of Complete Entertainment Resources (Songkick). Contracts/Agreements Year: 2017 Live Nation Australasia, a Live Nation Entertainment, company, entered into a partnership with Australian airline, Virgin Australia in 2017. Pursuant to which, Virgin Australia joins a limited number of exclusive partnerships including Telstra, National Australia Bank, American Express, Flight Centre, Europcar and Hilton Hotels and Resorts. Management Changes Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 9 Live Nation Entertainment, Inc. «SectionHeader» Year: 2017 Greg Economou was appointed as the Chief Commercial Officer and Head of Sports at the company in 2017. Management Changes Year: 2017 Ken Craig was appointed as the Vice President of Ottawa Region at the company in 2017. Corporate Changes/Expansions Year: 2017 Live Nation Canada, a Live Nation Entertainment company, expanded its operations in Ottawa, Ontario, Canada in 2017. Contracts/Agreements Year: 2016 Live Nation Entertainment partnered with Jagermeister to organize an integrated Electronic Dance Music (EDM) festival program to engage target consumers in 2016. Contracts/Agreements Year: 2016 In 2016, Oilers Entertainment Group (OEG) entered into a strategic partnership with Live Nation Canada as the preferred promoter for Rogers Place and the Winter Garden. Acquisitions/Mergers/Takeovers Year: 2016 In 2016, Live Nation Canada, a subsidiary of the company, acquired the festival portfolio of Union Events, a festival and concert promoter in Canada, based out of Calgary and Edmonton. Again in the same month, the company acquired a controlling interest in Big Concerts International Proprietary Limited (Big Concerts), a concert promoter in South Africa. Acquisitions/Mergers/Takeovers Year: 2016 Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 10 Live Nation Entertainment, Inc. «SectionHeader» In 2016, the company acquired a majority stake in Knoxville-based live music company, AC Entertainment. Acquisitions/Mergers/Takeovers Year: 2016 In May, the company acquired InDMusic. Contracts/Agreements Year: 2015 In 2015, Live Nation Australia, a subsidiary of the company, entered into an official partnership with the National Australia Bank (NAB). In the same year, Live Nation Australia entered into a strategic partnership with Telstra, Australia's telecommunications company. Contracts/Agreements Year: 2015 Live Nation Entertainment and Revention entered into a new multi-year naming rights deal to the premier indoor music theater located in downtown Houston in 2015. The new venue name was Revention Music Center. Acquisitions/Mergers/Takeovers Year: 2015 In 2015, Ticketmaster acquired Front Gate Tickets and DIY ticketing platform Universe to expand its ticketing offerings in the festival and DIY verticals. Contracts/Agreements Year: 2015 Ticketmaster, a division of Live Nation Entertainment, entered into a multiyear agreement with Boise State University to ticket Boise State Athletics, Taco Bell Arena and the Morrison Center in 2015. Acquisitions/Mergers/Takeovers Year: 2015 In 2015, Live Nation Sweden, a subsidiary of the company, acquired a majority stake in Stureplansgruppen Live (SPG Live). Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 11 Live Nation Entertainment, Inc. «SectionHeader» Contracts/Agreements Year: 2015 Live Nation Concerts and Ticketmaster, divisions of Live Nation Entertainment entered into a long-term contract with Quebecor Media Sports & Entertainment Group for their NHL-ready Arena in Quebec City in 2015. Contracts/Agreements Year: 2015 In 2015, Live Nation Australasia entered into an official partnership with Europcar Australia and New Zealand as the exclusive car rental partner across Australia and New Zealand. Acquisitions/Mergers/Takeovers Year: 2014 The company announced the acquisition of controlling stake in C3 Presents. Acquisitions/Mergers/Takeovers Year: 2014 In 2014, the company acquired Creativeman's minority stake in Live Nation Japan, resulting in Live Nation Entertainment assuming full ownership of Live Nation Japan. Contracts/Agreements Year: 2014 In 2014, Live Nation Entertainment collaborated with Facebook to improve concert events by launching Official Events. Again in the same year, the company extended its strategic alliance with Hertz Corporation through 2016. The alliance offers Hertz car rental offers to Live Nation fans. Contracts/Agreements Year: 2013 Live Nation Entertainment and Parallel Contemporary Music formed Live Nation Marketing Partnerships Asia Limited to provide live music based marketing solutions for international and local brands across Asia in 2013. In the same year, the company renewed its strategic partnership with Maple Leaf Sports & Entertainment (MLSE) and extended Ticketmaster's ticketing services in MLSE's venues through 2018. Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 12 Live Nation Entertainment, Inc. «SectionHeader» Acquisitions/Mergers/Takeovers Year: 2013 In 2013, Live Nation Entertainment acquired a majority stake in BDG Music Group, a concert promotion company in the Baltic region. New Products/Services Year: 2013 In 2013, the company launched Ticketmaster in Austria. Contracts/Agreements Year: 2013 In 2013, Live Nation Australasia (P/L) and mixitup Enterprises (P/L) formed a joint venture, named mixitup Australia, to create music and entertainment brand partnerships across Australasia. Corporate Changes/Expansions Year: 2013 The company expanded its operations in the Middle East with the opening of Ticketmaster in the UAE in 2013. Contracts/Agreements Year: 2013 In 2013, Live Nation Entertainment and Lushington Entertainments Pte Ltd formed a joint venture company, named Live Nation Lushington, to promote live concerts in Hong Kong and Singapore. Divestiture Year: 2013 In 2013, the company sold Foxwoods Theatre to Lyric Theatre, LLC, a subsidiary of Ambassador Theatre Group (ATG). New Products/Services Year: 2012 Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 13 Live Nation Entertainment, Inc. «SectionHeader» In 2012, Ticketmaster launched client applications for the new Ticketmaster platform. Corporate Changes/Expansions Year: 2012 In 2012, Live Nation Entertainment announced that it will be expanding operations into Russia and the Ukraine. Corporate Changes/Expansions Year: 2012 Live Nation Entertainment established the LN Labs Fund in 2012. Acquisitions/Mergers/Takeovers Year: 2012 In 2012, the company acquired Michael Coppel Presents, a promoter in Australia and New Zealand. Further in the same year, it acquired Cream Holdings Limited, an electronic music entertainment and owner of the rights to the Creamfields Music Festivals. Also in 2012, Live Nation Entertainment acquired HARD Events, an electronic music concert promoter and festival operator. Contracts/Agreements Year: 2012 In 2012, the National Basketball Association selected Ticketmaster to develop an online ticketing destination for NBA fans. Contracts/Agreements Year: 2012 In 2012, the company entered into a partnership with Adria Entertainment. In the same year, Live Nation Entertainment and Creativeman Productions in Tokyo, Japan formed Live Nation Japan, a joint venture between the two companies. Financing Agreements Year: 2012 In October, Social commerce network Lockerz has raised US$7.5 million led by investors including Live Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 14 Live Nation Entertainment, Inc. «SectionHeader» Nation, DAG Ventures and other old investors. Contracts/Agreements Year: 2011 In 2011, the company formed a joint venture with Groupon to develop a new online ticketing deals channel, GrouponLive. Also in the same year, Live Nation Entertainment formed a strategic partnership with Universal Music Group (UMG), a music company to launch a joint venture management company for managing artists and their brands through sponsorships, strategic marketing campaigns and brand extension opportunities. Contracts/Agreements Year: 2011 In 2011, the company announced that Ticketmaster, the company's ticketing division, entered into an agreement to acquire ServiCaixa, a ticket retailer in Spain, from la Caixa, a Spanish savings bank and financial services group. Acquisitions/Mergers/Takeovers Year: 2011 In 2011, Live Nation Entertainment acquired the entire equity stake in Front Line Management Group. New Products/Services Year: 2011 In 2011, the company launched its newly-designed website, which offers access to artists, events and venues spanning 17 countries. Contracts/Agreements Year: 2011 Ticketmaster, a subsidiary of the company, launched a new venture called LiveAnalytics, to focus on Ticketmaster's global fan database into data analytics products that provide clients fan insights for their business, in 2011. In the same year, Ticketmaster, a subsidiary of the company, entered into a partnership with MarketShare, a cross-media analytics company, to develop a suite of pricing tools to help clients set and adjust prices for their live events. New Products/Services Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 15 Live Nation Entertainment, Inc. «SectionHeader» Year: 2011 Live Nation Entertainment launched a new UK website, tmDeals, which delivers ticket deals across every aspect of entertainment events, in 2011. Acquisitions/Mergers/Takeovers Year: 2011 In 2011, the company acquired BigChampagne Media Measurement, a developer of technologies for collecting, analyzing and distributing media metrics. Corporate Changes/Expansions Year: 2011 In 2011, Live Nation Entertainment opened a concert promotion office in Seoul, South Korea. Corporate Changes/Expansions Year: 2010 In 2010, Live Nation Entertainment launched its concert promotion division in Germany. Contracts/Agreements Year: 2010 In 2010, the company and Starwood Hotels & Resorts Worldwide expanded their sponsorship alliance beyond North America to include Europe, Asia and the Middle East. Also in the same year, Foxwoods Resort Casino, the East Coast's premier resort casino destination, and Live Nation Entertainment announced a multi-year agreement that grants Foxwoods the exclusive naming rights to the former Hilton Theatre and the venue is called the Foxwoods Theatre. Acquisitions/Mergers/Takeovers Year: 2010 Live Nation merged with Ticketmaster Entertainment, Inc., a live entertainment ticketing and marketing company, in 2010. Corporate Changes/Expansions Year: 2010 Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 16 Live Nation Entertainment, Inc. «SectionHeader» In 2010, the company was renamed as Live Nation Entertainment, Inc. Acquisitions/Mergers/Takeovers Year: 2010 Live Nation Entertainment acquired Ticketnet, a ticket retailer in France, in 2010. Contracts/Agreements Year: 2010 In 2010, Outlier, a wholly owned subsidiary of Qualcomm Incorporated and Live Nation Entertainment, announced Live Nation Merchandise, a wholly owned subsidiary of Live Nation Entertainment, as the retail merchant partner for Outlier's mobile application, SWAGG. Asset Disposal Year: 2009 The company sold the Boston Opera House, a non-core operational asset, along with rights under the Orpheum Theatre management agreement and a leasehold interest in Paradise Rock Club, in 2009. Stake Sale Year: 2009 In 2009, Live Nation sold its 33% equity interest in Dominion, a UK-based theatrical company involved in venue operations. Divestiture Year: 2009 In 2009, Live Nation sold its remaining theatrical venues and operations in the UK including two theaters in London's West End, the Lyceum Theatre and the Apollo Victoria, and 14 regional theaters located throughout the UK. Acquisitions/Mergers/Takeovers Year: 2009 In 2009, the company acquired 70% interest in Parcolimpico to Get Live 2. Stake Sale Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 17 Live Nation Entertainment, Inc. «SectionHeader» Year: 2009 In 2009, Live Nation sold its 20% equity interest in MLK, a German music company involved in the promotion of live entertainment events. Contracts/Agreements Year: 2009 In 2009, Live Nation entered into a merger agreement with Ticketmaster Entertainment. Asset Purchase Year: 2009 In 2009, Live Nation acquired event and magazine assets in the Netherlands for the Pleasure PAAS Party, which is an indoor Latin/Salsa event. Acquisitions/Mergers/Takeovers Year: 2009 In 2009, the company acquired a 77.5% interest in Tecjet. Stake Sale Year: 2009 In 2009, Live Nation sold its 20% equity interest in Etix, a web-based ticketing service provider. Acquisitions/Mergers/Takeovers Year: 2008 The company acquired the remaining 51% interest and 75% interest of Lugerinc and Moondog Entertainment, respectively in 2008. In the same year, Live Nation also acquired a 51% interest in Moi.Je Prod SAS, the producer of the Main Square Festival in Arras, France. Later in the same year, Live Nation acquired De-Lux Merchandise Company Limited, a merchandising company in the UK; and Emerge Media Ventures, a promotion company in Canada. Divestiture Year: 2008 Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 18 Live Nation Entertainment, Inc. «SectionHeader» In 2008, the company completed the sale of its Motor Sports division to Feld Entertainment. Acquisitions/Mergers/Takeovers Year: 2008 In 2008, Live Nation acquired the operating company that manages and holds the lease for the Heineken Music Hall in Amsterdam. In the same year, the company acquired 51% interest in Amsterdam Music Dome Exploitatie. Also in the same year, the company purchased 78.3% interest in DFC Holdings Limited, through a joint venture with Gaiety Investments and acquired 65% interest in Mirage Promotions FZ-LLC, a promoter in Dubai and subsequently rebranded as Live Nation Middle East. Asset Purchase Year: 2008 In 2008, the company acquired certain assets of Fantasma Productions, a concert promotion company in Florida. Acquisitions/Mergers/Takeovers Year: 2007 In 2007, Live Nation acquired the remaining 50% interest in House of Blues Concerts Canada. In the same year, the company and Gaiety Investments together completed the acquisition of 56% interest in Academy Music Holdings Limited from RJD Partners. New Products/Services Year: 2007 In 2007, Live Nation launched Live Nation TV. Acquisitions/Mergers/Takeovers Year: 2007 The company acquired the remaining 49% interest in Musictoday, and also acquired the remaining interests in the touring business and several entities in the non-touring business operated under the name of Concert Productions International in 2007. In the same year, Live Nation acquired Anthill Trading and Signatures Network. Contracts/Agreements Year: 2007 Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 19 Live Nation Entertainment, Inc. «SectionHeader» In 2007, Live Nation entered into a long-term agreement with CTS Eventim to launch its own ticketing business. Acquisitions/Mergers/Takeovers Year: 2007 The company acquired 51% interest in Jackie Lombard Productions in 2007. In the same year, Live Nation acquired the remaining 49% interest in Cinq Group, which was operated as TRUNK. Acquisitions/Mergers/Takeovers Year: 2006 In 2006, the company acquired HOB (House of Blues) Entertainment. Divestiture Year: 2006 In 2006, Live Nation sold its SFX Baseball division to the private company, NBK Baseball Group and the new company was operated under the name SFX Baseball Group. Also in the same year, Live Nation sold its SFX Sports Group, Europe to Wasserman Media Group and also sold the company's three divisions: SFX Television, SFX Events, and SFX Tennis to Blue Equity. Spin-off Year: 2005 CCE Spinco announced the spin-off from Clear Channel Communications through a distribution of one share of CCE Spinco stock for every eight shares of Clear Channel Communications stock, in 2005. Stock Listings/IPO Year: 2005 In 2005, the newly independent company was known as Live Nation (formerly known as CCE Spinco) and was listed on the New York Stock Exchange under the symbol 'LYV'. Acquisitions/Mergers/Takeovers Year: 2005 In 2005, Live Nation purchased a 50.1% interest in Mean Fiddler Group. Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 20 Live Nation Entertainment, Inc. «SectionHeader» Acquisitions/Mergers/Takeovers Year: 2000 In 2000, Clear Channel Communications acquired CCE Spinco. Incorporation/Establishment Year: 1997 Live Nation Entertainment was formed as CCE Spinco in 1997. Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 21 Live Nation Entertainment, Inc. «SectionHeader» Key Employee Biographies KEY EMPLOYEE BIOGRAPHIES Michael Rapino Board:Executive Board Job Title:President and Chief Executive Officer Since:2005 Age:52 Michael Rapino has been the President and Chief Executive Officer at Live Nation Entertainment since 2005. From 2004 to 2005, he served as the Chief Executive Officer and President of the company's predecessor's Global Music division. Mark Carleton Board:Non Executive Board Job Title:Director Since:2010 Age:56 Mark Carleton has been a Director at Live Nation Entertainment since 2010. He served as a Member at Ticketmaster's Board of Directors from 2008 until the merger. Mr. Carleton has been the Chief Development Officer at Liberty Media, Liberty Interactive Corporation (Liberty Interactive), Liberty Broadband Corporation and Liberty TripAdvisor Holdings, Inc. since January 2016. He served as the Senior Vice President at Liberty Media, Liberty Interactive Corporation (Liberty Interactive), Liberty Broadband Corporation and as the Senior Vice President at predecessors at Liberty Media from 2003 to 2013. Prior to that, he was employed by KPMG LLP from 1982 to 2003, most recently as a Partner and National Industry Director of Communications Segment and also served on KPMG's board. Mr. Carleton was a practicing Certified Public Accountant during his time at KPMG. Jonathan L Dolgen Board:Non Executive Board Job Title:Director Since:2010 Age:71 Jonathan L Dolgen has been a Director at Live Nation Entertainment since 2010. He served as a Member of Ticketmaster's Board of Directors from 2008 until the merger. From 2004 through 2010, Mr. Dolgen was a Senior Advisor at Viacom, Inc. Since 2004, he has been a Private Investor and a Principal at Wood River Ventures, LLC. From 2006 to 2008, Mr. Dolgen served as a Senior Consultant at ArtistDirect, Inc. From 1994 to 2004, he served as the Chairman and Chief Executive Officer at the Viacom Entertainment Group, a unit of Old Viacom. Mr. Dolgen began his career in the entertainment industry in 1976 and, until Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 22 Live Nation Entertainment, Inc. «SectionHeader» joining the Viacom Entertainment Group, served in executive positions at Columbia Pictures Industries, Inc., Twentieth Century Fox and Fox, Inc. and Sony Pictures Entertainment. From 2004 until 2008, he served as a Director at Charter Communications, Inc. Ariel Emanuel Board:Non Executive Board Job Title:Director Since:2007 Age:56 Ariel Emanuel has been a Director at Live Nation Entertainment since 2007. He was a Founding Partner of Endeavor. Mr. Emanuel serves as the Chief Executive Officer and a Member of the Board of Directors at WME Entertainment. He is also a Member of the Board of Trustees at the American Film Institute. Robert Ted Enloe Board:Non Executive Board Job Title:Director Since:2006 Age:78 Robert Ted Enloe has been a Director at Live Nation Entertainment since 2006. He has been Managing General Partner at Balquita Partners, Ltd., since 1996, and serves as the Chairman at Leggett & Platt Inc. and as a Director at Silicon Laboratories Inc. He served as the Vice Chairman of the Board and Member of the Office of the Chief Executive at Compaq Computer Corporation, and the President at Lomas Financial Corporation and Liberte Investors. Jeffrey T Hinson Board:Non Executive Board Job Title:Director Since:2005 Age:62 Jeffrey T Hinson has been a Director at Live Nation Entertainment since 2005. He was appointed as the President at YouPlus Media, LLC since 2009. Previously, Mr. Hinson served as the Chief Executive Officer from 2007 to 2009 and as a Private Financial Consultant from 2005 to 2007 at Border Media Partners, LLC, and as the Executive Vice President and Chief Financial Officer at Univision Communications Inc. from 2004 to 2005. He served as the Senior Vice President and the Chief Financial Officer at Univision Radio, the radio division of Univision, from 2003 to 2004. From 1997 to 2003, Mr. Hinson served as the Senior Vice President and Chief Financial Officer at Hispanic Broadcasting Corporation. He also serves as the Chairman of the Board at Windstream Corporation and as a Director at TiVo Inc. Peggy Johnson Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 23 Live Nation Entertainment, Inc. «SectionHeader» Board:Non Executive Board Job Title:Director Since:2013 Age:55 Peggy Johnson has been a Director at Live Nation Entertainment since 2013. She served as the Executive Vice President and the President of Global Market Development at Qualcomm Technologies, Inc. Ms. Johnson also led Qualcomm Labs, Inc. She has been the Executive Vice President of Business Development at Microsoft Corporation since 2014. James S Kahan Board:Non Executive Board Job Title:Director Since:2007 Age:69 James S Kahan has been a Director at Live Nation Entertainment since 2007. He is a former executive of AT&T, where he spent nearly 38 years. Mr. Kahan serves as a Director at Amdocs Ltd., Catch Media and Media Rights Capital. Randall T Mays Board:Non Executive Board Job Title:Director Since:2005 Age:51 Randall T Mays has been a Director at Live Nation Entertainment since 2005. Previously, he served as the Vice Chairman, President and Chief Financial Officer at Clear Channel Communications. Mr. Mays serves as the President at Running M Capital, a private investment company. Mark Shapiro Board:Non Executive Board Job Title:Director Since:2008 Age:47 Mark Shapiro has been a Director at Live Nation Entertainment since 2008. He served as an Executive Producer at Dick Clark Productions since 2012, and its Chief Executive Officer from 2010 to 2012. Mr. Shapiro served as the Chief Executive Officer and a Director at Six Flags, Inc., from 2005 through 2010. Prior to joining Six Flags, Inc., he spent 12 years at ESPN, Inc., where he served as the Executive Vice President of Programming and Production and in various other capacities. Mr. Shapiro serves as a Director at Frontier Communications Corporation and Papa John's International, Inc.; as the Chairman of Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 24 Live Nation Entertainment, Inc. «SectionHeader» the board at Red Zebra Broadcasting and Captivate Network; as the Chief Content Officer at IMG; and as a Trustee at Equity Residential. Jimmy Iovine Board:Non Executive Board Job Title:Director Since:2014 Age:64 Jimmy Iovine has been a Director at Live Nation Entertainment since 2014. He serves as a creative consultant at Apple Inc. Mr. Iovine co-founded Interscope Records in 1990, which subsequently became Interscope Geffen A&M in 1999. In 2006, he co-founded Beats Electronics and Beats Music, companies which produce audio products and operate a music streaming service, and which were sold to Apple Inc. in 2014. Kathy Willard Board:Senior Management Job Title:Chief Financial Officer Since:2007 Age:51 Kathy Willard has been the Chief Financial Officer at Live Nation Entertainment since 2007. She served at the company in positions, including the Executive Vice President and Chief Accounting Officer. Ms. Willard started her career at Arthur Andersen in 1988, where she worked in audit for five years before beginning her accounting and finance career. Ms. Willard holds a Bachelor's degree in Business Administration from the University of Oklahoma and is a Certified Public Accountant. Brian Capo Board:Senior Management Job Title:Chief Accounting Officer Since:2007 Age:51 Joe Berchtold Board:Senior Management Job Title:President Since:2017 Age:53 Joe Berchtold has been the President of the company since 2017. He served as the Chief Operating Officer at Live Nation Entertainment from 2011 to 2017 . Prior to joining the company in 2011, he served as the President at Technicolor Creative Services. Before joining Technicolor, Mr. Berchtold was a Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 25 Live Nation Entertainment, Inc. «SectionHeader» Partner at McKinsey and Company. He holds a Bachelor of Arts degree in Economics from Pomona College and a Master's degree in Business Administration from Harvard University. Jordan Zachary Board:Senior Management Job Title:Chief Strategy Officer Since:2015 Age:35 Mr. Zachary has been the Chief Strategy Officer at Live Nation Entertainment since May 2015. He served as the Managing Director at The Raine Group. Mr. Zachary worked in the global media investment banking groups at Lehman Brothers as well as UBS Investment Bank. He serves on the boards at Margaritaville and C3 Presents. Mr. Zachary holds a Bachelor of Arts degree from Colgate University. Carrie Davis Board:Senior Management Job Title:Chief Communications Officer Since:2015 Carrie Davis has been the Chief Communications Officer at Live Nation Entertainment since 2015. She served as the Vice President of Communications for four years at Disney Interactive. Prior to that, Ms. Davis was the Director of Communications at Yahoo! for six years. He graduated with a Bachelor's degree in English from the University of Pennsylvania. Nadia Rawlinson Board:Senior Management Job Title:Chief Human Resources Officer Since:2016 Nadia Rawlinson has been the Chief Human Resources Officer at Live Nation Entertainment since 2016. She served as the Chief Human Resources Officer at Rakuten USA. Before joining Rakuten USA, Ms. Rawlinson served in both human resource and business leadership roles holding senior positions at Groupon, American Express, Rent the Runway and Google. She holds a Bachelor of Arts degree from Stanford University and a Master of Business Administration degree from Harvard Business School. John Hopmans Board:Senior Management Job Title:Executive Vice President, Mergers and Acquisitions and Strategic Finance Since:2008 Age:59 Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 26 Live Nation Entertainment, Inc. «SectionHeader» David Zedeck Board:Senior Management Job Title:Executive Vice President and President, Global Talent and Artist Development Since:2013 Age:52 Lisa Licht Board:Senior Management Job Title:Chief Marketing Officer-US Concerts Since:2016 Michael Rowles Board:Senior Management Job Title:General Counsel, Secretary Since:2007 Age:52 Maili Bergman Board:Senior Management Job Title:Senior Vice President, Investor Relations Ron Bension Board:Senior Management Job Title:President, House of Blues Entertainment Age:63 Arthur Fogel Board:Senior Management Job Title:Chairman, Global Touring, President-Global Touring Age:64 Arthur Fogel serves as the Chairman of the Global Music Group and President of Global Touring. John Reid Board:Senior Management Job Title:President, Live Nation Europe, Concerts Since:2012 Age:56 Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 27 Live Nation Entertainment, Inc. «SectionHeader» Alan Ridgeway Board:Senior Management Job Title:President, International and Emerging Markets Since:2011 Age:51 Bob Roux Board:Senior Management Job Title:President-US Concerts Age:60 Jared Smith Board:Senior Management Job Title:President, Ticketmaster North America Age:40 Mark Yovich Board:Senior Management Job Title:President, Ticketmaster International Since:2011 Age:43 Amy Howe Board:Senior Management Job Title:Chief Operating Officer, Ticketmaster North America Since:2015 Russell Wallach Board:Senior Management Job Title:President, Media and Sponsorship Age:52 Heather Parry Board:Senior Management Job Title:President, Production, Film and Television Ken Craig Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 28 Live Nation Entertainment, Inc. «SectionHeader» Board:Senior Management Job Title:Vice President, Ottawa Region Since:2017 Greg Economou Board:Senior Management Job Title:Chief Commercial Officer and Head, Sports Since:2017 Chris Loll Board:Senior Management Job Title:Chief Operating Officer Since:2017 Chris Loll has been the Chief Operating Officer of the company since September 2017. Prior to this, he served as Chief Operating Officer of IPG Mediabrands. Prior to joining IPG, he held several roles at Wunderman, VML and Young & Rubicam. Gregory B Maffei Board:Executive Board Job Title:Chairman Since:2013 Age:56 Gregory B Maffei has been the Chairman at Live Nation Entertainment since 2013. He has been a Director at Liberty Interactive since 2005 and as its Chief Executive Officer and President since 2006, and as a Director and the President and Chief Executive Officer at Liberty Media since 2007. Mr. Maffei has been the President and Chief Executive Officer at Liberty Broadband since 2014 and Liberty TripAdvisor Holdings, Inc. since 2013. He has been the Chairman of the Board at Sirius XM since 2013; and as a Director at Charter Communications, Inc. since 2013, at Liberty Broadband since 2014 and at Zillow Group, Inc. since 2005. Mr. Maffei served as a Director at DIRECTV and its predecessors from 2008 to 2010, as a Director at Electronic Arts, Inc. from 2003 to 2013 and as a Director at Barnes & Noble, Inc. from 2011 to 2014. Prior to joining Liberty Interactive, Mr. Maffei served as the President and Chief Financial Officer at Oracle; as the Chairman, President and Chief Executive Officer at 360networks Corporation; and as the Chief Financial Officer at Microsoft Corporation. Lesley Olenik Board:Senior Management Job Title:Vice President Miss Lesley Olenik has been appointed as the Vice President of the company since September Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 29 Live Nation Entertainment, Inc. «SectionHeader» 2017.Prior to this, She held posts as the Director of Talent Buying for Nederlander Concerts, and Talent Buyer for Viejas Entertainment. Matthew Stein Board:Senior Management Job Title:Head-Scripted Development and Production Since:2018 Ryan Kroft Board:Senior Management Job Title:Head-Unscripted Development and Production Since:2018 Amy Marks Board:Senior Management Job Title:Executive Vice President, Head-Integrated Marketing-Live Nation's Media & Sponsorship division Since:2018 Brittany Flores Board:Senior Management Job Title:President-Miami – U.S. Concerts Since:2018 Neil Jacobsen Board:Senior Management Job Title:Chief Operating Officer-Florida, President-Tampa, Orlando – U.S.Concerts Since:2018 Kelly Flanigan Board:Senior Management Job Title:President-U.S. concerts division Since:2018 Wilson Howard Board:Senior Management Job Title:Chief Operating Officer-U.S. concerts division Since:2018 Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 30 Live Nation Entertainment, Inc. «SectionHeader» Maverick Carter Board:Non Executive Board Job Title:Director Since:2018 Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 31 Live Nation Entertainment, Inc. «SectionHeader» Company View COMPANY VIEW A statement by Michael Rapino, President and Chief Executive Officer at Live Nation Entertainment, Inc is given below. The statement has been taken from annual report 2017. Fellow Stakeholders, We are extremely proud of our progress this year and delivering another milestone our seventh consecutive year of record results across revenue, adjusted operating income and free cash flow. Our growth speaks to the f=global power of live events. With a world increasingly living behind screens, being there is valued more than ever. In our experience economy, live events have taken center stage as fans overwhelmingly choose to spend money on experiences such as festivals and concerts over material goods. As worldwide demand for concerts continues to grow, artists tour more frequently and sponsors clamor to connect with Millenials and Gen Z's, it has never been a better time to be global leader in the live entertainment. This year, live nation welcomed a record 86 million fans to 30 thousand events in 40 countries. Our success is driven by single minded focus on building our flywheel business model, bringing artists and fans together and creating the worlds largest live event ecosystem. Our ability to meet this growing demand depends on the artists, fans partners and employees around the world who are united in a common mission of creating lifetime memories through the power of live music. Artists It is their art that compels fans of all ages to come to our shows we do everything possible to help bring that artistic vision to life across all our businesses. Fans As more fans than ever flock to live events, we are focused on innovating on the fan experience along every part of their journey-from purchasing tickets to enhanced food and beverage options at the venue and beyond. Partners We partner with more than 900 brands to deliver messages to the right fans at the right time, anywhere around the world. With a unique platform of *0 million fans on-site, we work along advertisers to create authentic and immersive brand activations around the live experience. Employees The 37,000 men of Live Nation are fans as well as employees. Their passion for and dedication to the work we do is unparalleled. Connecting artists with their most ardent fans is so much more than a job -it is a privilege. We look forward to continuing to bring live entertainment to more and more stages around the world in coming years, and thank you for your support and investment in live nation. Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 32 Live Nation Entertainment, Inc. «SectionHeader» Locations And Subsidaries LOCATIONS AND SUBSIDARIES 9348 Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 33 Live Nation Entertainment, Inc. «SectionHeader» Top Competitors TOP COMPETITORS The following companies are the major competitors of Live Nation Entertainment, Inc. Alliance MMA, Inc. Canterbury Park Holding Corporation CTS Eventim AG Nexstar Media Group, Inc. StubHub, Inc. Tickets.com, Inc. Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 34 Live Nation Entertainment, Inc. «SectionHeader» Major Products & Services MAJOR PRODUCTS & SERVICES Live Nation Entertainment is a producer of live music concerts. The company's key services include the following: Services: Promotion of live music events Operation and management of music venues Selling tickets for events on behalf of the company's clients Sponsorship and advertising Ticketing services Live Nation Entertainment, Inc. © MarketLine EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited. Page 35 A Progressive Digital Media business John Carpenter House, John Carpenter Street, London, United Kingdom, EC4Y 0AN T: +44 (0) 203 377 3042 | F: +44 (0) 870 134 4371 | E: reachus@marketline.com | W: www.marketline.com EMISPDF in-centrum2 from 14.141.166.1 on 2019-08-20 06:07:12 BST. DownloadPDF. Downloaded by in-centrum2 from 14.141.166.1 at 2019-08-20 06:07:12 BST. EMIS. Unauthorized Distribution Prohibited.