We believe that we are the largest live entertainment company in the world, connecting over 788 million fans across all of our concerts and ticketing platforms in 51 countries during 2024.
−Removed: We believe we are the largest producer of live music concerts in the world, based on total fans that attend Live Nation events as compared to events of other promoters, connecting over 145 million fans to more than 6,800 artists at over 50,000 events in 2023.
+Added: We believe we are the largest producer of live music concerts in the world, based on total fans that attend Live Nation events as compared to events of other promoters, connecting 151 million fans to approximately 11,000 artists at 54,000 events in 2024.
Live Nation owns, operates, has exclusive booking rights for or has an equity interest for which we have a significant influence in 394 venues globally, including House of Blues ® music venues and prestigious locations such as The Fillmore ® in San Francisco, Brooklyn Bowl ® in New York City , the Hollywood Palladium in Los Angeles, the Moody Center © arena in Austin, the Ziggo Dome in Amsterdam, 3Arena in Dublin, Royal Arena in Copenhagen and Spark Arena in Auckland.
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We believe we are the world’s leading live entertainment ticketing sales and marketing company, based on the number of tickets we sell.
−Removed: Ticketmaster provides ticket sales, ticket resale services and marketing and distribution globally through www.ticketmaster.com and www.livenation.com and our mobile apps, other websites and numerous retail outlets, distributing over 620 million tickets through our systems in 2023.
+Added: Ticketmaster provides ticket sales services and marketing and distribution globally through www.ticketmaster.com and www.livenation.com and our mobile apps, other websites and numerous retail outlets, distributing over 637 million tickets through our systems in 2024.
Ticketmaster serves approximately 11,500 clients worldwide across multiple event categories, providing ticketing services for leading arenas, stadiums, festival and concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums and theaters.
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We also continue to strengthen our core operations, further expanding into global markets and optimizing our cost structure.
−Removed: Our strategy is to grow and innovate through the initiatives listed below.
+Added: We execute on our strategy and thereby grow and innovate through the initiatives listed below.
• Expand our Concert Platform .
We will deliver more shows, grow our fan base and increase our ticket sales by continuing to build our portfolio of concerts globally, expanding our business into additional top global music markets, and further building our presence in existing markets.
−Removed: Through our strong partnership with artists, agents and managers and a focus on supporting the development of emerging artists, we believe we can continue to expand our concert base.
+Added: This includes investing capital expenditures in new venues and enhancements to existing venues.
+Added: Through our culture of serving artists and a focus on supporting the development of emerging artists, we believe we can continue to expand our concert base.
• Grow our Revenue per Show.
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We will also grow our onsite fan monetization by improving ease of purchase, through improved onsite food and beverage and other products, merchandising, and enhanced experiences for our fans.
−Removed: • Invest in Product Improvements.
−Removed: We will continue to invest in our ticketing platforms and develop innovative products to grow our sales channels, drive increased ticket sales, grow non-service fee revenue streams, and continue to build our client base.
−Removed: These include technological and digital transformations to improve the experience and transparency for fans, venues, and event organizers as well as the overall quality of service.
−Removed: In addition, we will continue to invest in tools that reduce fraud and help artists and teams determine how to get their tickets into the hands of real fans.
−Removed: • Sell More Tickets .
−Removed: We are focused on selling tickets through a wide set of sales channels, including mobile and online, partnering with affiliates, and leveraging our fan database.
−Removed: We will continue to enhance our application programming interface features to reach a broader audience and expand our digital ticketing rollout, strengthening client and artist control over distribution and creating new and unique marketing opportunities.
+Added: • Invest in our Ticketing Platform .
+Added: We will continue to invest in our ticketing enterprise system and develop innovative products to better serve our enterprise clients and continue to build our global client base.
+Added: These include technological and digital transformations, enhanced marketing capabilities, and improved analytical tools to meet the needs of venues, event organizers and our fans.
+Added: • Grow our Marketplace Capabilities .
+Added: We are focused on selling tickets through a wide set of sales channels including mobile, online and affiliate partners while continuing to broaden our digital rollout.
We will grow the volume of secondary tickets sold through a trusted environment for fan ticket exchanges, allowing our fans to have a dependable, secure destination for secondary ticket acquisition for all events.
+Added: Within this, we will continue to invest in tools that reduce fraud and help artists and teams determine how to get their tickets into the hands of real fans.
+Added: Lastly, we are focused on leveraging our platform by growing non-service fee revenue streams including insurance, additional enterprise tools, payment integration and other upsells.
• Grow Sponsorship and Advertising Partnerships .
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We believe we have unique resources that are unmatched in the live entertainment industry.
−Removed: During 2023, we connected over 765 million fans to their favorite live event.
+Added: During 2024, we connected over 788 million fans to their favorite live events.
Our database of fans and their interests provides us with the means to efficiently communicate to them about shows they are likely to be interested in.
We have extensive relationships with artists ranging from those just beginning their careers to established superstars.
−Removed: In 2023, we promoted shows for over 6,800 artists globally.
+Added: In 2024, we promoted shows for approximately 11,000 artists globally.
In addition, through our artist management companies, we managed more than 380 artists in 2024.
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We employ a sales force of approximately 760 people that worked with more than 1,500 sponsors during 2024, through a combination of strategic partnerships, local venue-related deals, national agreements and digital campaigns, both in North America and internationally.
−Removed: Our sponsors include some of the most well-recognized national and global brands across diverse sectors including consumer, financials and leisure including Citibank, O 2 , American Express, Cisco, Hilton, Red Bull and Anheuser Busch (each of these brands is a registered trademark of the sponsor).
+Added: Our sponsors include some of the most well-recognized national and global brands across diverse sectors including consumer, financials and leisure, such as Citibank, O 2 , Mastercard, Cisco, Red Bull and Anheuser Busch (each of these brands is a registered trademark of the sponsor).
We operate in the following main industries within the live entertainment business:
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The artist manager negotiates on behalf of the artist and is paid a fee, generally as a percentage of the artist’s earnings.
−Removed: Our strategy is to provide minimum revenue guarantees to artists, which generates the vast majority of their total income.
We believe the artist-fan connection is the source of nearly all commercial value and as a result, our artists receive the majority of all ticketing revenue.
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Venues will often also sell tickets through a local box office at the venue using the ticketing company’s technology.
−Removed: The ticketing company will generally not earn a fee on these box office tickets.
Venues set the ticketing service fee to be charged on tickets and typically retain the majority of these fees.
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Resale tickets are also referred to as secondary tickets.
−Removed: Generally, the ticket resale company is paid a service charge when the ticket is resold and the ticket value is paid to the holder.
+Added: Generally, the ticket resale company is paid a service charge when the ticket is resold and the remaining ticket value is paid to the holder.
The sponsorship and advertising industry within the live entertainment business involves the sale of international, national, regional and local advertising and promotional programs to a variety of companies to advertise or promote their brand, product or service.
−Removed: These sponsorships typically include venue naming rights, onsite venue signage, online and in-app advertisements and exclusive partner rights in various categories such as credit card, beverage, travel and telecommunications, and may include event pre-sales and onsite product activation.
+Added: These sponsorships typically include venue and festival naming rights, onsite venue signage, online and in-app advertisements and exclusive partner rights in various categories such as credit card, beverage, travel and telecommunications, and may include venue and festival event pre-sales and onsite product activation.
Our reportable segments are Concerts, Ticketing and Sponsorship & Advertising.
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Revenue generated from venue operations typically has a higher margin than promotion revenue and therefore typically has a more direct relationship to changes in operating income.
+Added: As we have continued to build our skill at venue operations, this has become an increasingly large part of our Concerts strategy, with a substantial focus on building our global owned or operated venue platform.
As a festival promoter, we typically book artists, secure festival sites, provide for third-party production services, sell tickets and advertise events to attract fans.
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Due to these and other permitted third-party ticket distribution channels, we do not always sell all of our clients’ tickets, even at venues where we are the exclusive primary ticketing service provider, and the amount of tickets that we sell varies from client to client and from event to event, and also varies as to any given client from year to year.
+Added: We pay our clients for the rights to sell certain tickets, generally in the form of upfront payments, a portion of service fee revenue and the portion of other services at low or no cost.
We currently offer ticket resale services, sometimes referred to as secondary ticketing, principally through our integrated inventory platform, league/team platforms and other platforms internationally.
−Removed: We enter into arrangements with the holders of tickets previously distributed by a venue or other source to post those tickets for sale at a purchase price equal to a new sales price, determined by the ticket holder, plus a service fee to the buyer.
+Added: We enter into arrangements with the holders of tickets previously distributed by a venue or other source to post those tickets for sale at a purchase price equal to a new sales price, determined by the ticket holder, plus a service fee paid by the buyer.
The seller in this circumstance receives the new sales price less a seller service fee.
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• the quality of our ticketing software and services;
−Removed: • our ecommerce site and its extensive database;
+Added: • our ecommerce site and effective marketing capabilities;
• our diverse distribution platform of venues;
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For example, some legislatures have proposed laws in the past that would impose potential liability on us and other promoters and producers of live music events for entertainment taxes and for incidents that occur at our events, particularly relating to drugs and alcohol.
−Removed: Some jurisdictions have also proposed legislation that would restrict ticketing methods or mandate ticket inventory disclosure.
+Added: Some jurisdictions have also proposed legislation that would restrict ticketing methods or mandate ticket practices.
In addition, we and our venues are subject to extensive environmental laws and regulations relating to the use, storage, disposal, emission and release of hazardous and non-hazardous substances, as well as zoning and noise level restrictions which may affect, among other things, the hours of operations of and the type of events we can produce at our venues.
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Taking Care of Our Own
−Removed: Our core value with our employees is “taking care of our own,” which means our top priority is making sure that every employee can rely on us to go above just providing standard compensation and benefits by offering assistance for a range of planned and unplanned situations.
+Added: Our core value with our employees is “taking care of our own,” which means a top priority is making sure that every employee can rely on us to go above just providing standard compensation and benefits by offering assistance for a range of planned and unplanned situations.
We also ensure that our employees have direct access to senior executives to raise concerns and share ideas.
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• Taking Care of Yourself :
−Removed: To enhance overall happiness and wellness, we offer flexible vacation time, free ticket perks and in-house and on-demand virtual meditation sessions, crisis support and crowdfunding networks, and more.
−Removed: In 2023, we launched Sober Nation providing sobriety and recovery support for our employees and community events that help destigmatize addiction and recovery in the industry.
+Added: To enhance overall happiness and wellness, we offer flexible vacation time, free ticket perks, in-house and on-demand virtual meditation sessions, crisis support, crowdfunding networks, and more.
+Added: We launched Sober Nation to provide sobriety and recovery support for our employees and help destigmatize addiction and recovery in the industry.
+Added: In 2024, we extended our offerings to include part-time club staff and partnered with artists to host events at our headquarters highlighting the intersection of sobriety and mental health.
• Taking Care of Your Health :
−Removed: Beyond a full suite of medical, dental and vision benefits, we provide access to virtual doctor’s appointments.
+Added: Beyond a full suite of medical, dental and vision benefits, we provide access to telehealth and telemedicine platforms available to employees and their family members enrolled in our medical plan.
• Taking Care of Your Mental Health :
−Removed: In 2023, we enhanced our mental well-being offerings for staff – increasing the amount of free virtual mental health coaching or therapy sessions, plus group support sessions, 24/7 counselor support line, and both in-person and virtual meditation and yoga sessions.
+Added: Our mental well-being offerings include free virtual mental health coaching or therapy sessions, group support sessions, 24/7 counselor support line, and both in-person and virtual meditation and yoga sessions.
+Added: In 2024, we extended our offerings to include part-time club staff.
• Taking Care of Your Family :
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• Taking Care of Your Career :
−Removed: We offer many different career advancement opportunities including leadership workshops for mid-career employees, recognition for successful patent applications, live and on-demand training and tuition reimbursement to further an ongoing education.
+Added: Our School of Live learning and development center at our Los Angeles headquarters has furthered our career advancement opportunities including leadership workshops for mid-career employees.
+Added: In 2024, we expanded offerings to include more global live and on-demand learning and professional development and coaching opportunities for employees.
+Added: We also offer recognition for successful patent recipient applications and tuition reimbursement to further ongoing education.
• Taking Care of Your Wealth :
To support long-term financial goals, we traditionally provide 401(k) or pension matching, a stock reimbursement program, and student loan repayment assistance.
+Added: In 2024, we expanded our $20.00 per hour minimum wage to our part-time club and seasonal amphitheater staff based on tenure.
• Taking Care of Our Own :
During life’s most difficult moments, we offer employees financial support to help them through a variety of crises, including unexpected deaths, natural disasters, and escaping domestic violence.
−Removed: To this end, in partnership with Music Forward Foundation, we announced Crew Nation, a global relief fund which has provided financial support to over 16,000 live music crews in over 50 countries to which we have donated $15 million since March 2020.
+Added: Through the end of 2024, our Crew Nation global relief fund has provided financial support to over 16,000 live music crews in over 50 countries to which we have donated over $15 million since March 2020.
• Taking Care of Others :
In order to empower our employees to get involved in causes that are meaningful to them, we provide paid time off for them to volunteer in their local communities.
−Removed: Diversity, Inclusion and Belonging
−Removed: We are continually striving towards our goal of being as diverse as the fans and artists that we serve, ensuring that we have the breadth of insights and perspectives to effectively serve artists, fans and other clients of all types.
−Removed: Programs key to this mission include:
+Added: We aspire to foster a workplace where all employees can contribute fully and feel valued.
+Added: Some programs key to this mission include:
• Promotion and Pay :
−Removed: Ongoing reviews of positions and compensation with the goal of ensuring that all employees across Live Nation are paid appropriately and provided with promotion opportunities, regardless of individual demographics.
+Added: Ongoing reviews of positions and compensation with the goal of ensuring that all employees across Live Nation are paid appropriately and provided with promotion opportunities.
• Employee Resource Groups :
−Removed: Our seven employee-led groups with executive leaders as sponsors provide programs that focus on empowering underrepresented groups within our employee base through career development, networking, talent development, advocacy, non-profit support and community outreach.
−Removed: • Diversity Goals :
−Removed: We remain committed to making continuous progress toward our ambitious representation goals – to strengthen the company’s diversity from the top down.
−Removed: Our efforts thus far have resulted in increasing overall representation at all levels of the business.
−Removed: • Live Nation Women Fund :
−Removed: An early-stage investment fund we have created focused on female-led live music businesses.
+Added: Our employee-led groups, with executive leaders as sponsors, offer programming across our teams that promotes growth and connection through collaboration, professional development, networking, nonprofit support and community outreach.
+Added: • Our Workforce :
+Added: As a global organization, we are committed to valuing and respecting all backgrounds, experiences, abilities and perspectives that enrich our workforce, and reflect our artist community and fan base.
• Industry Engagement :
−Removed: In 2022, we further demonstrated our commitment to diversity and inclusion by joining the efforts of “Diversify The Stage” and signing their pledge to provide greater access to equitable opportunities for underrepresented groups in live music, events, and touring industries.
−Removed: We have also partnered with the Black Music Action Coalition (BMAC) to create a music business intensive course and paid internship program to train the next generation of diverse industry newcomers with the technical skills required to succeed in careers in the live industry.
−Removed: Our efforts around diversity, equity, and inclusion have also gained us recognition on Forbes’ Best Employers for Diversity list (2019, 2021-23), Forbes’ World’s Top Companies for Women (2023), Forbes’ America’s Best Employers for Women (2022-23), Forbes’ Best Employers for New Grads (2022-23), and Newsweek’s Americas Greatest Workplaces for Diversity List (2023-24), National List (2023), and Women List (2024).
−Removed: We have also earned a Best Places to Work for LGBTQ+ Equality designation by receiving high scores on the Human Rights Campaign Foundation’s Corporate Equality Index (2019-23).
+Added: In 2024, we partnered with various nonprofit organizations to launch music business intensive courses and paid internship programs to introduce the next generation of industry newcomers to the technical skills required to succeed in careers in the live industry.
Human Capital
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We further strive to reward individual achievements and contributions that are both aligned with and supportive of our short- and long-term goals and core business values.
−Removed: We believe that our efforts in these areas are working and contributing to the overall success of the Company, as evidenced by accolades such as obtaining a Great Place to Work® certification (2017-19, 2022-23), placing on Forbes’ World’s Best Employers List (2023) and America’s Best Large Employers List (2022-24), placing on TIME’s World’s Best Companies (2023) and 100 Most Influential Companies (2023), and placing on Fortune’s World’s Most Admired Companies List (2018-21, 2024) and 500 List (2010-2020, 2023).
+Added: We believe that our efforts in these areas are working and contributing to the overall success of the Company, as evidenced by accolades such as obtaining a Great Place to Work® certification (2017-19, 2022-24), placing on Forbes’ World’s Best Employers List (2023), America’s Best Large Employers List (2022-24) and America’s Dream Employers List (2025), placing on TIME’s World’s Best Companies (2023) and 100 Most Influential Companies (2023), Newsweek’s America’s Best of the Best (2024) and placing on Fortune’s World’s Most Admired Companies List (2018-21, 2024, 2025), Most Innovative Companies List (2024) and 500 List (2010-2020, 2023, 2024).
As of December 31, 2024, we had approximately 16,200 full-time employees.
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Michael Rapino 59 President, Chief Executive Officer and Director
+Added: Omar Al-Joulani 47 Co-President–U.S.
+Added: Concerts and President–Touring
Carlos Alvarez 50 Chief Technology Officer–Ticketmaster
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Liz Dyer 39 Senior Vice President–Human Resources
−Removed: Johnel Evans 49 Global Vice President–Diversity and Inclusion
Arthur Fogel 71 Chairman–Global Music and President–Global Touring
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Mark Yovich 50 President–Ticketmaster
+Added: Jordan Zachary 42 Co-President–U.S.
+Added: Concerts and President–Regions U.S.
Michael Rapino is our President and Chief Executive Officer and has served in this capacity since August 2005.
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Rapino has worked for us or our predecessors since 1999.
+Added: Omar Al-Joulani is our Co-President of U.S.
+Added: Concerts and President of Touring and has served in this capacity since September 2021.
+Added: Prior to that, Mr.
+Added: Al-Joulani served in various North America touring roles since joining us in March 2010.
Carlos Alvarez is our Chief Technology Officer of Ticketmaster and has served in this capacity since September 2020.
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Dyer served in various human resources roles since joining us in April 2016.
−Removed: Johnel Evans is our Global Vice President of Diversity and Inclusion and has served in this capacity since joining us in June 2021.
−Removed: Prior to that, Ms.
−Removed: Evans was the Vice President, Inclusion Diversity & Engagement at Becton Dickinson and Company from September 2018 to June 2021 and Vice President, Human Resources of Becton Dickinson and Company’s Vascular Access Division from November 2015 to September 2018.
Arthur Fogel is the Chairman of our Global Music group and President of our Global Touring division and has served in these capacities since 2005.
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Yovich has worked for us or our predecessors since 2000.
+Added: Jordan Zachary is our Co-President of U.S.
+Added: Concerts and President of Regions U.S.
+Added: Concerts and has served in this capacity since April 2021.
+Added: Prior to that, Mr.
+Added: Zachary served in various strategy and development roles since joining us in April 2015.
Available Information
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.