The company promotes, operates, and manages ticket sales for live entertainment in the United States and internationally. It also owns and operates entertainment venues, and manages the careers of music artists.
In 2009, Live Nation and Ticketmaster reached an agreement to merge. The new company received regulatory approval and was named Live Nation Entertainment. Michael Rapino, then-CEO of Live Nation, became the new company’s CEO, while Ticketmaster CEO Irving Azoff was named executive chairman.
The merger was approved first in Norway and Turkey in 2009. The United Kingdom’s Competition Commission provisionally ruled against the merger, but reversed its decision on December 22, 2009.
On January 25, 2010, the United States Justice Department approved the merger pending certain conditions. Ticketmaster had to sell ownership of its self-ticketing company, Paciolan, and license its software to Anschutz Entertainment Group (AEG), which would allow it to compete “head-to-head” with Ticketmaster for business.
Subsidiaries include, in addition to Ticketmaster and Live Nation as a brand (now known as this, Live Nation Entertainment), Live Nation Concerts, Live Nation Network, Roc Nation, Front Line Management Group, C3 Presents, and AC Entertainment.