Key Developments: Live Nation Entertainment Inc (LYV)
13.77USD
20 May 2013
$-0.11 (-0.80%)
$13.88
$13.88
$13.98
$13.75
601,028
1,431,538
$14.15
$8.15
Latest Key Developments (Source: Significant Developments)
Live Nation Entertainment Inc Names Greg Maffei Chairman
Live Nation Entertainment Inc announced that it has appointed Greg Maffei as the non-executive Chairman of the Board. Full Article
Irving Azoff Resigns As Live Nation Entertainment Inc Chairman
Live Nation Entertainment Inc announced that Irving Azoff, Chairman of Live Nation Entertainment and CEO of its Front Line Management Group, resigned from the Board of Directors and as an employee of the Company, effective immediately. In conjunction with this change, Liberty Media Corporation has purchased 1.7 million shares of Live Nation stock from Azoff, increasing its stake to 26.4%. Full Article
Live Nation Entertainment Inc Announces Pricing Of $225 Million Private Notes Offering
Live Nation Entertainment Inc announced that it priced an offering of $225 million in aggregate principal amount of 7.00% senior unsecured notes due 2020 (the Notes). The Notes are guaranteed by certain subsidiaries of Live Nation. Interest on the Notes will be payable semiannually on September 1 and March 1 of each year, beginning on March 1, 2013. Live Nation intends to use the net proceeds from the offering, together with a new $100 million term loan under its senior secured credit facility, to redeem all of its outstanding 10.75% senior notes due 2016, to pay related fees and expenses in connection therewith and for general corporate purposes. Full Article
Live Nation Entertainment, Inc. Acquires HARD Events
Live Nation Entertainment, Inc. announced the acquisition of electronic music concert promoter and festival operator HARD Events. Mr. Richards will continue to run HARD Events and will report to James Barton, President of Live Nation Electronic Music. Terms of the transaction were not disclosed. Full Article
Live Nation Entertainment, Inc. Acquires Australian Promoter Michael Coppel Presents
Live Nation Entertainment, Inc. announced the acquisition of Michael Coppel Presents, one of the promoters in Australia and New Zealand. Full Article
Court Grants Summary Judgment For Live Nation Entertainment, Inc. In Class Action Antitrust Litigation
Live Nation Entertainment, Inc. announced that it was recently granted summary judgment in the first two cases that are part of the Live Concert Antitrust Litigation, a set of class action lawsuits originally commenced in 2002 and later consolidated in the U.S. District Court for the Central District of California. While the order relates specifically to those two cases, Live Nation fully anticipates that the result ultimately will be applied to the remaining cases as well, effectively ending the litigation. The allegations in the complaints relate exclusively to the period from 2001 to 2005, during which much of the business that is now Live Nation Entertainment was then the live entertainment division of Clear Channel Communications. In issuing summary judgment in the Los Angeles and Denver cases, the court invalidated key elements of the plaintiffs' expert testimony, effectively rejecting allegations that Live Nation had harmed consumers or engaged in anti-competitive behavior. Full Article
Live Nation acquires Setlist.fm
Live Nation announced that the company has acquired Setlist.fm, a ground-breaking, vibrant community of active music fans who collect and share concert set lists online. Setlist.fm will create a richer, more interactive fan experience within the Live Nation community. Terms of the transaction were not disclosed. Full Article
Live Nation to Acquire BigChampagne Media Measurement
Live Nation announced it has acquired BigChampagne Media Measurement. BigChampagne is a developer of technologies for collecting, analyzing and distributing media metrics. BigChampagne's Ultimate Chart platform will power social discovery, content relevancy and product personalization across Live Nation's businesses. The terms of the acquisition were not disclosed. Full Article
Jay-Z, Timberlake announce summer tour
NEW YORK - Rapper Jay-Z and Justin Timberlake are teaming up for a 12-city summer stadium tour that will include concerts in New York, Los Angeles, San Francisco and Chicago, music promoter Live Nation said on Friday.
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