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Tag: LYV

  • Live Nation reportedly focus of Justice Department antitrust probe

    Live Nation reportedly focus of Justice Department antitrust probe

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    Ticketmaster parent Live Nation Entertainment Inc.
    LYV,
    -7.84%
    is expected to become the focus of an antitrust suit from the U.S. Department of Justice by the end of the year, according to a report late Friday. Citing three unidentified sources close to the matter, Politico reported Friday that the DoJ intends to claim Live Nation is abusing its power in the live music industry. A request for comment from the DoJ was not returned as of publication time. A new case would add to the embattled company’s many policy and legal battles, which, if successful, could lead to a breakup of the company, Politico had reported previously. Earlier in the month, JetBlue Airways Corp.
    JBLU,
    +1.95%
    said it was unwinding a joint venture with American Airlines Group Inc.
    AAL,
    +1.33%
    after a court ruling in May siding with the DoJ.

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  • TripAdvisor lawsuit highlights companies moving to Nevada from Delaware

    TripAdvisor lawsuit highlights companies moving to Nevada from Delaware

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    A lawsuit filed in Delaware in April against the travel site Tripadvisor and its majority shareholder is highlighting what may be a growing trend: companies seeking to shift their incorporations to Nevada to avoid Delaware’s more stringent and entrenched legal standards.

    The suit was filed on behalf of a group of Tripadvisor Inc. TRIP shareholders, who are hoping to persuade the Delaware Chancery Court to stop the company from pushing ahead with board-approved plans to reincorporate in Nevada, arguing their motive is to take…

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  • LYV Stock Price | Live Nation Entertainment Inc. Stock Quote (U.S.: NYSE) | MarketWatch

    LYV Stock Price | Live Nation Entertainment Inc. Stock Quote (U.S.: NYSE) | MarketWatch

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    Live Nation Entertainment Inc.

    Live Nation Entertainment, Inc. operates as an entertainment company. The firm engages in producing, marketing, and selling live concerts for artists via its global concert pipe. It operates through the following segments: Concerts, Sponsorship and Advertising, and Ticketing. The Concerts segment is involved in the promotion of live music events in owned or operated venues and in rented third-party venues. The Sponsorship and Advertising segment manages the development of strategic sponsorship programs in addition to the sale of international, national, and local sponsorships and placement of advertising such as signage, promotional programs, rich media offerings, including advertising associated with live streaming and music-related content, and ads across its distribution network of venues, events, and websites. The Ticketing segment is involved in the management of the global ticketing operations, including providing ticketing software and services to clients, and consumers with a marketplace, both online and mobile, for tickets and event information. The Ticketing segment also operates the firm’s primary ticketing website, www.ticketmaster.com. The company was founded in 1996 and is headquartered in Beverly Hills, CA.

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