I’ve been watching Live Nation pretty closely since the company was spun off from Clear Channel Communications Entertainment Division. I believe that it is positioned to do quite well about two years out.
Live Nation currently operates three areas of business, Events, Venues and Digital Distribution. Venues and distribution needs happen to be where musicians and artists will be needing help as they leave or avoid major record labels.
A major rift is scheduled for 2009, where Live Nation will be selling tickets for all of its venues without help from Ticket Master. According to the Wall Street Journal the major breaking point was that Live Nation wanted to be able to sell Ticket Master tickets directly through the Live Nation website. Clearly Ticket Master wasn’t willing to give up the brand identity.
Live Nation Hit a 52 Low Yesterday Thanks to a Bad Market and Slow Quarter As It Works To Expand Operations
Continue reading Live Nation Positioned for Big Year in 2009